LeverFi (LEVER)
A DeFi Platform that Allows Leveraged Spot Trading.- LeverFi is a DeFi platform that allows for leveraged spot trading. It is rebranded from Ramp.
- Traders deposit collateral to trade at up to 10x leverage. Traders can deposit collaterals to farming protocols and trade with leverage and earn yields at the same time.
- LEVER is the native token of the project. The current use cases for LEVER include:
- Governance: holders can lock up LEVER for a period between 6 ~ 48 months to earn xLEVER, which can be used in governance voting. The longer the lock-up period, the more xLEVER will be generated.
- Staking: Users can stake xLEVER tokens for a share of protocol rewards.
- The project consists of the following major components working in conjunction:
- Collateral Manager: the Collateral Manager governs the deposit, withdrawal, valuation, and yield generation of collateral.
- Lending Manager: the Lending Manager governs the deposit, withdrawal, valuation, and yield generation of lending assets.
- Trading Manager: the Trading Manager governs the execution, settlement, routing of trading.
- Risk Manager: the Risk Manager calculates account health, Loan-To-Value ratio, and other risk-related parameters to control the total risk of LeverFi.
- As at June 23rd 2022, the maximum and total token supply of LEVER token is 35,000,000,000. The current circulating supply is 16,800,000,000 (48% of the total token supply).
- Learn more about the token distribution of LEVER here.