What is LeverFi
Introduction:
Now a days it is a most popular coin. It is gain already most height.
Stability
LeverFi uses open-sourced Chainlink oracles to price assets, making them more flash crash-resistant during liquidations. This feature is designed to provide more stability during volatile market conditions.
What Is LEVER?
The LeverFi ecosystem operates using LEVER, an ERC-20 token built on the Ethereum blockchain. LEVER has a total supply of 35 billion tokens but does not have any inherent value. It does, however, serve as the backbone of the LeverFi platform in two key ways:
- As a governance token for protocol management
- Being staked to earn a portion of platform fees
LEVER holders can participate in the governance of the ecosystem by having a say in important decisions that affect the platform's future. Additionally, they can stake their tokens, which means locking them up for a certain period to earn rewards from the platform's fees. These fees are generated by user activity such as trading, borrowing, and lending.
What's Next for LeverFi?
LeverFi plans to build a full-suite DeFi protocol to offer swapping, multi-asset lending, and leveraged trading on a single platform. To achieve this, LeverFiβs roadmap milestones will include native deployments into zk-rollups, including but not limited to zkSync, Polygon zkEVM, and more.
New features are continuously being developed to improve and enhance the user experience. One such feature allows users to participate in automated dollar-cost averaging (DCA) or range trading strategies.
This could reduce the need for high-touch management trading, which involves users having a high level of interaction and intervention during trading, like manual processing and decision-making.
LeverFi wants to expand its DeFi services to regions where crypto is growing, such as Hong Kong and China. They also aim to provide more institutional and compliant financial services.
Closing Thoughts
LeverFi is a decentralized, on-chain leverage trading platform built on Ethereum. Through yield on trading collateral, unified collateral, on-chain leverage, and more, it hopes to provide a holistic platform for all its users through its features and user-friendly interface.