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LEVER Utility

LEVER: A Utility Token For Protocol Governance

  • LeverFi is powered by LEVER, a governance token with no intrinsic value. LEVER has a total token supply of 35 billion.
  • To participate in governance, users can lock up LEVER for a period of between 6 months to 48 months to receive xLEVER tokens.
  • Each xLEVER token represents one vote in governance.
  • Users who choose longer lockup periods receives more xLEVER for the same number of LEVER tokens.
  • This means that token holders with a smaller holdings and longer lockups can have comparable governance votes with token holders who have larger holdings, but shorter lockups.

Scope of Governance

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 LeverFi 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 LeverFi deployments
  • Tokenomics structure for native tokens on new networks
  • Lenders incentive programs
  • Traders incentive programs