LeverFi is powered by LEVER, a governance staking token that rewards users for their participation in the LeverFi product ecosystem.
To participate, users can lock up LEVER for a period of between 1 month to 12 months to earn LVR tokens.
Users who choose longer lockup periods receives more LVR for the same number of LEVER tokens.
This means that token holders with a smaller holdings and longer lockups can have comparable participation rights with token holders who have larger holdings, but shorter lockups.
As LeverFi has a suite of products across multiple ecosystems,
LeverPro (BRC20 Launchpad) Token Utility
Staking LEVER to earn LVR form the backbone of the LeverPro launchpad mechanisms.
This is the exclusive way to gain entry into the LeverPro Launchpad. Stakers will be amongst the exclusive first to buy into the Initial Inscription Offerings (IIOs) / Initial Dex Offerings (IDOs) of exciting new projects launching on LeverPro.
The LeverPro Launchpad offers project launch allocations to LEVER/LVR holders, who can choose to opt in to participate in the public sale offering. LVR provides a significant bonus allocation boost to launchpad participants. More details will be released shortly.
Lever V2 (Ethereum) Token Utility
LEVER is primarily used for protocol governance on the Lever V2 platform, which is deployed on Ethereum.
Users participating in governance oversee the following activities:
1) Trading Fees Discount Program
Traders holding xLEVER in their wallets receive trading fees discounts of between 20-60% on trades executed through the Lever V2 platform.
2) Protocol Management Policies
Addition or removal of new and existing collateral
Addition or removal of new and existing tradable assets
Addition or removal of new and existing lending pools
3) New Network Deployments
Selection of L1/L2 networks for new Lever V2 deployments
Tokenomics structure for native tokens on new networks