Introducing Levana Protocol.
The release of a protocol brings a new gift. A gift that opens up unimaginable possibilities. A gift that once released, cannot be taken back.
The release of a protocol brings a new gift. A gift that opens up unimaginable possibilities. A gift that once released, cannot be taken back.
Mirror Protocol brought the gift of “mirrored assets”.
Anchor Protocol brought the gift of a “high and stable yield”.
Mars Protocol will bring the gift of a “money market”.
Levana Protocol will follow suit by bringing the gift of “leverage”.
Anchor Protocol brought the gift of a “high and stable yield”.
Mars Protocol will bring the gift of a “money market”.
Levana Protocol will follow suit by bringing the gift of “leverage”.
Built on top of @terra_money, Levana aims to be the hub for anyone to create leveraged assets.
The first product Levana will implement is the Levana Leveraged Index (LLI) token.
The first product Levana will implement is the Levana Leveraged Index (LLI) token.
This will allow anyone to easily get a leverage position to any asset Levana offers.
It will be as simple as swapping LUNA to a LUNA 2x-LLI token on a Terra AMM (TerraSwap, Loop, Astroport).
It will be as simple as swapping LUNA to a LUNA 2x-LLI token on a Terra AMM (TerraSwap, Loop, Astroport).
At launch, there will be two LLI tokens; LUNA 2x-LLI token followed by the MIR 2x-LLI token.
These tokens will provide a 2x price exposure to the underlying asset.
LLI tokens can also include short tokens as well; LUNA 2x SHORT-LLI token.
These tokens will provide a 2x price exposure to the underlying asset.
LLI tokens can also include short tokens as well; LUNA 2x SHORT-LLI token.
LVN holders can vote to add more assets to Levana in the future. This can be LLI tokens such as MARS 2x, mAPPL 2x, and ANC 2x.
The possibilities are endless…
The possibilities are endless…
LLI tokens work by first creating a pool of assets. This pool of assets will generate leverage by working with @mars_protocol.
The steps Levana will go through to make this happen is relatively simple:
The steps Levana will go through to make this happen is relatively simple:
Step 1: LUNA is deposited into Mars Protocol in exchange for maLUNA.
Step 2: maLUNA will enable the ability to borrow UST which is then used to buy LUNA on DEXs.
Step 3: This process is repeated until it reaches a preset leverage level (e.g. 2x LUNA).
Step 2: maLUNA will enable the ability to borrow UST which is then used to buy LUNA on DEXs.
Step 3: This process is repeated until it reaches a preset leverage level (e.g. 2x LUNA).
This is in a way similar to how bLUNA is used as collateral to borrow UST on Anchor, and then buying LUNA to repeat the process again.
Although this process of generating leverage on your LUNA is more dangerous due to having to manually adjust your LTV ratio, Levana will mitigate this risk by introducing an auto-rebalancing mechanism.
This means you can get leveraged exposure to any asset on Levana with a lower risk of liquidation.
While LLI tokens are the first way users can generate leverage on Levana, future ways include perpetual swaps and options.
While LLI tokens are the first way users can generate leverage on Levana, future ways include perpetual swaps and options.
Today marks the start of Levana’s journey to launch.
Follow us on Twitter and join our Telegram to stay updated.
To learn more about Levana and LLI tokens, check out our article below:
medium.com/levana-protoco…
Follow us on Twitter and join our Telegram to stay updated.
To learn more about Levana and LLI tokens, check out our article below:
medium.com/levana-protoco…
Telegram: t.me/levanaprotocol
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