LeverUp is a perp DEX with LP-Free architecture, allowing leveraged positions up to 1001x with both crypto and real-world assets (RWA) without being limited by TVL or protocol liquidation . Let's explore LeverUp in the article below.
What is LeverUp? Learn about the DEX platform on the Monad ecosystem.
What is LeverUp?
LeverUp is a decentralized Derivative exchange ( perp DEX ) on the Monad ecosystem with an LP-Free architecture, allowing the protocol to redesign its entire liquidation and risk structure so that open interest (OI) is not dependent on its own TVL. As a result, LeverUp allows traders to open positions with higher leverage, up to 1001x, on a wide range of assets such as BTC, ETH, MON, etc., or large-cap stocks like TSLA, NVDA, and RWA.
What is LevelUp?
LeverUp aims to become a Derivative infrastructure for both cryptocurrency and real-world assets, where users can implement hedging, speculation, and themed trading strategies in a decentralized environment while still leveraging professional leverage and risk management tools.
Key features of LeverUp
LP-Free Architecture
Unlike most other DEX platforms, LeverUp does not rely on a LP model that directly provides assets as collateral to traders, thereby limiting open interest based on TVL. Instead, the protocol redesigns the risk and liquidation layers so that open interest can expand flexibly, allowing traders to open large positions without being limited by liquidation.
Focus on traders
All fees collected by LevelUp are redistributed to traders, instead of being Chia with LPs or third parties. This helps the protocol attract more users and encourages them to use the platform more.
Use your own stablecoin.
LeverUp has developed LevelUp USD (LVUSD), a synthetic stablecoin that Vai as liquidation for the entire protocol, making it easier for traders to manage trading results and calculate profits compared to using Monad's MON Token .
Supports leverage up to 1001x
LevelUp offers leverage up to 1001x for major cryptocurrencies, stocks, real assets, etc., powered by a risk engine. This allows traders to deploy extremely high-leverage strategies, but requires a carefully designed risk management and liquidation system to minimize systemic risk.
Tokenomics
Token information
Token name | LevelUp |
Symbol | LV |
Calcium | Monad |
Contract | 0x1001fF13bf368Aa4fa85F21043648079F00E1001 |
Total supply | 1,000,000,000 |
Token allocation ratio
LV Token are allocated according to the following ratio:
- Airdrop - 10% : Rewards for early participants in Season 0 and Season 1, with Season 0 rewards unlockable directly at TGE.
- Trader Incentives Emission - 60% : Distributed gradually weekly on an epoch basis, based on trading volume and activity level.
- Liquidity - 5% : 100% unlock rate at TGE.
- Team & Core Contributor - 10% : Locked for 6 months, then vested linearly over 12 months, allocated as locked Token to ensure long-term team commitment.
- Treasury - 14% : 2.9% unlocked at TGE, the remainder locked for 6 months and vesting linearly over the following 12 months.
- PancakeSwap Public Sale - 1%: 100% unlockable at TGE.
Token Use Case
LV Token are used for:
This is a reward system for active traders on the platform.
Encourage the involvement of stakeholders and partners.
Summary
Above is all the information about the LeverUp project. Coin68 hopes that readers have grasped the basic information to better understand the project and its highlights. We wish you more useful knowledge!
Note: The information in this article should not be XEM investment advice, and Coin68 is not responsible for any decisions you make.
