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As a matcher (also called a lender), you provide liquidity that enables leveraged trading on Limora. In return, you earn interest from traders who use your funds.

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How Matching Works

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The Matcher’s Role

When you match a trade, you take the opposite side of the trader’s position:

Example

A trader opens a 10x Long BTC position with 100 USDC collateral (1,000 USDC position).As the matcher, you provide 1,000 USDC and effectively have a short exposure:
  • If BTC rises 5%, you lose ~50 USDC but earn interest
  • If BTC falls 5%, you gain ~50 USDC plus interest

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Why Match Trades?

Earn Interest

Receive continuous interest payments while your funds are matched with active positions.

Market Neutral Strategy

With careful selection, balance your exposure across longs and shorts.

Passive Income

Once matched, interest accrues automatically without active management.

DeFi Yield

Earn yields typically higher than traditional DeFi lending protocols.

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Risk vs. Reward

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Potential Returns

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Key Risks

Matching is not risk-free. You are exposed to price movements opposite to the trader’s position.
  1. Market Risk: Price moves in the trader’s favor = your loss
  2. Duration Risk: Longer trades = more time for adverse moves
  3. Leverage Risk: High leverage trades mean larger potential swings
  4. Smart Contract Risk: Technical vulnerabilities (mitigated by audits)

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Getting Started as a Matcher

1

Connect Wallet

Connect your EVM wallet and switch to Base network.
2

Deposit Funds

Deposit USDC to your matching balance via the Match page.
3

Review Trade Queue

Browse pending trades waiting for liquidity.
4

Select and Match

Choose trades to match based on your risk preferences.
5

Earn Interest

Collect interest while positions are active.
6

Receive Settlement

Get your funds back (± P&L) when trades close.

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Matching Strategies

  • Match only low-leverage trades (2-5x) - Prefer trades with tight stop-losses - Balance longs and shorts - Accept lower yields for lower risk
  • Match higher-leverage trades for more interest - Focus on frequently-traded pairs - Monitor and exit if exposure gets too large - Requires active management
  • Match both sides of the market - Profit from interest while staying delta-neutral - Requires sufficient capital to match diverse trades - Most sophisticated approach

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Key Metrics

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APR (Annual Percentage Rate)

Estimated yearly return from interest if funds remain matched:
Typical APRs range from 10-30% depending on market conditions and utilization.

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Utilization Rate

Percentage of your deposited funds currently matched:
Higher utilization = more interest earned, but less flexibility to withdraw.

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Net Exposure

Your overall directional exposure across all matched positions:
A net exposure of 0 means you’re delta-neutral.

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Matching Interface

The Match page shows:

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Filtering Trades

Filter the trade queue by:
  • Trading pair
  • Position size range
  • Leverage range
  • Direction (long/short)
  • Estimated APR

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Comparison: Matching vs. Other DeFi Yields

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Best Practices

Don’t concentrate all funds in one trade. Spread across multiple positions to reduce single-trade risk.
Regularly check your net long/short exposure. Imbalanced exposure means you’re betting on market direction.
Higher leverage trades earn more interest but have larger potential P&L swings.
Don’t match 100% of your funds. Keep some available for opportunities or withdrawals.

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Next Steps

Depositing

Learn how to deposit funds for matching.

Withdrawing

Understand withdrawal mechanics.

Interest

Deep dive into interest calculations.

Fees

Review fee structure.