About LEVER
LeverFi is an on-chain leverage trading protocol using yield-bearing collateral. The project claims to allow users trade and earn at the same time with up to 10x leverage. Traders deposit collateral such as BTC, ETH, Curve-LP, Uni-LP and more to trade changes in asset prices at up to 10x leverage. Collateral are deposited to farming protocols, allowing traders to earn yields and leverage trade at the same time.LeverFi is powered by $LEVER, an Ethereum-based governance token. To participate in governance, users are required to lock up $LEVER for a period of between 6 months to 48 months, in order to receive $xLEVER tokens. Each $xLEVER represents one vote in governance.Users who undertake longer lockup periods will receive more $xLEVER for the same number of $LEVER tokens. This means that token holders with a smaller holdings and longer lockups can have comparable voting power with token holders who have larger holdings, but shorter lockups.Users can stake $xLEVER tokens for a share of protocol rewards, which are in the form of $ETH and $LEVER.
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Frequently Asked Questions
What Is LeverFI?
Read MoreLeverFi, formerly known as RAMP DEFI, is a decentralized leverage trading platform. In March of 2022, the team behind RAMP DEFI rebranded their company to adjust to the increasingly uncertain DeFi market. The rebrand aims to tackle issues within the current DeFi market such as a lack of sustainable TVL and utility.
The team behind LeverFi hopes to create a product that provides value by allowing users to trade and yield farm at the same time . Lenders deposit funds into lending pools and earn an interest from traders who borrow to leverage trade up to 10X. Any liquidity from lenders that are not used would be deposited into other DeFi protocols to generate more yield.
LeverFi aims to serve as a bridge for Ethereum and EVM-compatible chains like BNB Chain, Avalanche, Polygon, Arbitrum, Optimism and more.
Who Are the Founders of LeverFi?
Read MoreThe Singapore-based RAMP DEFI project was founded in 2019 by Lawrence Lim and Loh Zheng Rong. Together, they re-branded the platform and launched LeverFi 3 years later. Lawrence Lim, the co-founder, began his career in 2012 in the traditional finance world. He worked in private banking and corporate mergers and acquisitions before transitioning into crypto with IOST, a blockchain network.
Loh Zheng Rong, the co-founder and marketing lead of the project, is a graduate of the Singapore Management University with a B.B.A in Finance Wealth Management. He co-founded NOX (a blockchain infrastructure company) in 2018 and previously served as the managing partner at Merkle Ventures.
What Makes LeverFi Unique?
Read MoreThe primary case for LeverFi is to establish a unique solution for traders by integrating trading and farming into a single platform.
Users can deposit collateral as single assets, such as Bitcoin, Ethereum, Curve liquidity provider tokens (LP) and Uniswap LP, and then unify their collateral in order to trade with larger positions.
The platform also supports users who partake in pair trading or hedging with leverage, while also allowing users to utilize the platform in conjunction with DEX/CEX derivatives.
LeverFi charges trade fees of 1% for every trade. Furthermore, LeverFi routes trade to pre-existing DeFi protocols and decentralized exchanges. For instance, when a user longs an asset on the platform, the asset is bought on a liquid secondary market via DEXs. LeverFi does not act as a counterparty to their users, and hence claims that it does not engage in “player versus player” or PvP behavior as it is a conflict of interest.
How Many LEVER Coins Are There in Circulation?
Read MoreThe LEVER token is a governance token. LeverFi has a maximum supply of 35 billion tokens. Users can participate in governance of the protocol if they lock up LEVER for a period of 6 months to 48 months. Each token represents one vote and allows users to oversee issues regarding the addition or removal of collateral, lending pools, tradable assets and so forth.
How Is the LEVER Network Secured?
Read MoreLeverFi is an Ethereum-based platform. Ethereum is secured by the Ethash proof-of-work (PoW) consensus mechanism. However, it has been announced that the Ethereum Merge is likely to occur on Sept. 19, 2022. This would see Ethereum transition to a more energy efficient proof-of-stake (PoS) consensus mechanism.
When Will LEVER Trading Begin?
Read MoreThe tokenswap between LeverFI and RAMP was projected to begin in June 2022 which means that at the time of writing in early August 2022, trading has already started.
Can LEVER Hit $1?
Read MoreFour days after the Lever token was launched, the token traded at an all-time-high (ATH) of $0.0053. However, since then, the token has experienced a decline in value, despite witnessing a 15% spike in price following a Binance AMA promotion at the end of July 2022. If LeverFi delivers on its roadmap and continues to attract users to its platform, the protocol rewards would accrue to the LEVER token, likely making it an attractive holding. On the other hand, due to the large circulating supply, one could make the case that LeverFi will not likely hit $1.
Where Can You Buy LEVER?
Read MoreYou can buy LEVER on any of the leading centralized exchanges such as Binance, Gate.io, MEXC, Tokocrypto, Bitrue, Pionex, BKEX, Mandala Exchange, Hotcoin Global, BingX and CoinEx.
What is the all-time high price of LeverFi (LEVER)?
Read MoreThe all-time high of LEVER was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of LeverFi (LEVER) is 0. The current price of LEVER is down 0% from its all-time high.
How much LeverFi (LEVER) is there in circulation?
Read MoreAs of
, there is currently 34.58Bn LEVER in circulation. LEVER has a maximum supply of 0. What is the market cap of LeverFi (LEVER)?
Read MoreThe current market cap of LEVER is 78.32M. It is calculated by multiplying the current supply of LEVER by its real-time market price of 0.002264947129.
What is the all-time low price of LeverFi (LEVER)?
Read MoreThe all-time low of LEVER was 0
, from which the coin is now up 0%. The all-time low price of LeverFi (LEVER) is 0. The current price of LEVER is up 0% from its all-time low. Is LeverFi (LEVER) a good investment?
Read MoreLeverFi (LEVER) has a market capitalization of $78.32M and is ranked #591 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze LeverFi (LEVER) price trends and patterns to find the best time to purchase LEVER.