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LEVEL finance is one of the fastest-growing perp DEXes in #DeFi. It offers minimal price impact for traders and innovative risk management for liquidity providers.
They are also one of the newest partners of Trader Joe and deploying onto #Arbitrum on the 15th (tomorrow).
They are also one of the newest partners of Trader Joe and deploying onto #Arbitrum on the 15th (tomorrow).
So what can you do on Level Finance?
Users can long or short $BTC, $ETH and other cryptocurrencies, with up to 50x leverage and minimal price impact thanks to decentralised oracles supplying asset prices.
Users can long or short $BTC, $ETH and other cryptocurrencies, with up to 50x leverage and minimal price impact thanks to decentralised oracles supplying asset prices.
Liquidity for trades on Level is supplied through three tranches - Senior, Mezzanine and Junior.
Each tranche is a separate liquidity pool with its own risk parameters and asset composition.
Each tranche is a separate liquidity pool with its own risk parameters and asset composition.
The Senior tranche consists almost entirely of BTC, ETH and stables and carries the least risk.
On the other hand, the Junior tranche is exposed to more volatile assets but also offers the highest APR for liquidity providers.
On the other hand, the Junior tranche is exposed to more volatile assets but also offers the highest APR for liquidity providers.
This approach ensures that LPs can remain flexible and manage their own risk and exposure to the market while also allowing for the trading of some riskier assets.
45% of all fees collected by the platform go to liquidity providers, 30% to the treasury, and another 10% is directed towards the stakers of $LGO - the platform's governance token.
LGO can be used to participate in Level's governance or be redeemed for a share of the treasury's assets every two weeks.
It can be obtained through staking of $LVL or regular Dutch auctions.
It can be obtained through staking of $LVL or regular Dutch auctions.
LVL is the protocol's utility token and can be staked to either receive 10% of Level's revenue or to earn LGO and become a platform's stakeholder.
While relatively young, Level have already collected more than $21m in fees while facilitating over $17 billion in trading volume.
It's been able to compete with some of the big names in the industry, while offering a great experience for both traders and liquidity providers.
It's been able to compete with some of the big names in the industry, while offering a great experience for both traders and liquidity providers.
With Level Finance about to deploy to Arbitrum, Trader Joe is committed to supporting the LVL community by providing efficient liquidity provisioning and a seamless trading UX via Liquidity Book.
Trader Joe and Level are here to build together towards an omnichain future.
Trader Joe and Level are here to build together towards an omnichain future.
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