Thread by @CryptoGideon_

In times of volatility like this,perp DEXs are money printers.

In the summer of 2022. everyone was talking about $GMX and their $GLP innovation.

This summer everyone will talk about $LVL and $LGO innovation.

Why you should profit from the only real @GMX_IO competitor.

Short🧵

@GMX_IO 1️⃣Perpetual DEXs exploded due to centralized exchanges' bad reputation.
Some of the well-known collapses were:

•FTX
•Celsius
•Voyager

This opened door to DEXs which offer you trading from your wallet,without KYC.

If you don't know what $LVL is, read this short thread first:

https://twitter.com/CryptoGideon_/status/1625455198410878976

@GMX_IO 2️⃣ Power of $LVL lies in their $LGO

$LGO is not just a governance token.

It's your direct access to LEVEL DAO Treasury.

You can redeem your $LGO for DAO funds at any time.
But, this burns $LGO forever.

With a limited supply of only 1000, $LGO is becoming scarce every day.

https://twitter.com/1610335108455620609/status/1628120012849352713

@GMX_IO 3️⃣Flippening finally happened

On March 8th, $LVL did more fees than $GMX in 24h.

For comparison(Market cap):

• $LVL-$25M
• $GMX-$500M

20x from here!👀🚀

Is $LVL capable of consistently beating $GMX?
Let's see what the stats show👀👇

https://twitter.com/1380935034/status/1633497091266732034

@GMX_IO 4️⃣Doubt it?

Binance Smart Chain is a giant compared to other L1s.
On March 11, Daily Active Addresses:

•Arbitrum=78k
•BSC=1,2M
Source: @Artemis__xyz

All these people will want to trade perps somewhere.

Check great blog from @DeFiSurfer808.
Even @cz_binance retweeted it.👀

https://twitter.com/1273384503210160128/status/1630029636116840449

@GMX_IO @Artemis__xyz @DeFiSurfer808 @cz_binance 5️⃣ $LVL vs $GNS

Comparison(Market cap):

• $LVL-$25M
• $GMX-$190M

If we check the @DefiLlama fees dashboard, we can see that:

@Level__Finance has been constantly generating more fees and revenue than @GainsNetwork_io🤯

Given the info that $LVL is not even 4 months old...🚀

https://twitter.com/1444042535165440000/status/1632054827717984257

6️⃣1.5 Upgrade Part 1

Until this upgrade, $LGO utility was only:

•Governance
•Redemption

Now, you can stake $LGO to earn Senior LLP.
Senior LLP contains:

• $BTC
• $ETH
• $BNB

With this upgrade, 10% of the daily revenue generated is being distributed to $LGO stakers.

7️⃣1.5 Part 2 proposal just passed

Now 10% of daily protocol revenue will go to $LVL stakers.

They reduced the developer team revenue from 10% to 5% of total protocol fees.

@Level__Finance team proved that community is in the first place for them.👏

8️⃣ $LVL auctions

Acquire $LVL from the DAO Treasury with $USDT.

All proceeds (X$) will be used to deepen protocol liquidity:

• 75% of X$ will be added to the Senior tranche
• 25% of X$ will be paired with $LVL from the treasury to create a new LVL/USDT liquidity pool

9️⃣ $LGO auctions

Burn $LVL to acquire $LGO, which gives you access to the LEVEL DAO.

This auction mechanism:

•Boosts demand for $LVL
•Increases accessibility to $LGO

Maybe whales noticed the power of $LGO and want to accumulate as fast as possible?👀

1️⃣0️⃣What is Dutch Auction?

AKA descending price auction is an auction in which an auctioneer starts with a very high price, incrementally lowering the price until someone places a bid.

That first bid wins the auction, avoiding any bidding wars.

Will be interesting to see.👀

1️⃣1️⃣First $LVL auction is already live

The total amount raised is $55k+, with 19h still remaining.

One wallet committed almost $52k🤯

Told you about whales.
People are recognizing enormous potential.

Just wait until $LGO auctions...🔥

1️⃣2️⃣There is an upgrade 1.5 part 3 to come

The team doesn't seem to stop delivering.

But, investors are still concerned with the high $LVL emissions.

However, the @Level__Finance team is aware of this and is already working on this issue🔥

https://twitter.com/1561019638288351235/status/1632418611842387970

@Level__Finance 1️⃣3️⃣ $LVL listed on @tokenterminal

Track their fees and revenue through easy-to-use dashboards.

@resdegen already spotted undervaluation in terms of the P/F ratio.👀🔥

https://twitter.com/1204315977720221696/status/1635278811347681282

1️⃣4️⃣ TVL & users ⬆️

TVL is increasing steadily.
Users as well.

⬆️Users=⬆️Fees
⬆️Fees=⬆️Treasury funds
⬆️Treasury= $LGO value⬆️

Sleeping giant?👀

1️⃣5️⃣Fees

30% of daily fees go to DAO Treasury.
If we use $100k as the average daily fees in the last 30D:

100 000 x 0.3 = 30 000$

Every day, $30k is going to DAO Treasury, which you can access with $LGO.
Treasury now holds $8M worth of assets.🤯

A thread from @CryptoDamus411

https://twitter.com/1461628841584173062/status/1632734767538921475

@CryptoDamus411 1️⃣6️⃣ Partnerships
@Level__Finance 🤝 @PerpyFinance

Perpy is a Web3 Social Trading protocol.
They are launching on @CamelotDEX on March 16.

It allows you to copy the best traders in the world.
Passive income?👀

https://twitter.com/1584586143223390208/status/1633482795874910208

1️⃣7️⃣Deja vu

Writing this I feel as degens that gave you $GMX and $GNS in summer 2022.

Almost nobody listened to them.
Then both projects exploded.

$LVL has a huge advantage because of the BSC chain.
Also, you think @cz_binance won't list main Perp DEX on Binance?

Just stats📊

Tagging $LVL family:

@Crypto_Nolt
@Fibonaccious
@KPeruggi
@NagatoDharma
@CryptoYusaku
@Crypto_Shaggy
@Cryptopleb4
@DeFiSurfer808
@TheCryptoNexus
@Fren0x
@Consigliere_nm
@xingGorilla
@Cryptotrissy
@nanobot_trader
@crypto_linn
@0xdoola
@midoji7
@JumperWave
@itsmekodoth

@Crypto_Nolt @Fibonaccious @KPeruggi @NagatoDharma @CryptoYusaku @Crypto_Shaggy @Cryptopleb4 @DeFiSurfer808 @TheCryptoNexus @Fren0x @Consigliere_nm @xingGorilla @Cryptotrissy @nanobot_trader @crypto_linn @0xdoola @midoji7 @JumperWave @itsmekodoth Thanks for reading, you are a GEM.💎

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#1percentbetter @NFT_GOD👀📊

https://twitter.com/1610335108455620609/status/1635350079283273739