Thread by @Levana_protocol

Why is Levana Well-Positioned to Build a Leading Perpetual DEX on @THORChain?

@jpthor

🐉 Levana has established itself as a leading player in the perpetual swap space of DeFi on Cosmos with over:

🐉$3B in trading volume
🐉+25k users,
🐉+45 markets with up to
🐉50x leverage.

⚒️With the upcoming integration of CosmWasm into THORChain, Levana is uniquely positioned to leverage our expertise and create a leading perpetual decentralized exchange on THORChain.

🧵Here’s why 👇

🐉 Levana’s Expertise and Proven Model

🚀 Levana has demonstrated its capability by successfully launching a fully-collateralized perpetual swaps platform across multiple L1 blockchains on Cosmos, including, Osmosis, Injective and Neutron.

This extensive experience in building decentralized perpetual swaps platforms positions Levana as a prime candidate to launch a $TOR based solution on THORChain as they integrate CosmWasm and IBC.

🔥 Key Features of Levana’s Model

➡️ Fully-Collateralized Platform: Levana’s approach ensures that all positions are fully collateralized, eliminating the risk of insolvency and bad debt.

➡️ Leverage Any Asset: Leverage markets can be created using any type of collateral, which opens up crypto collateralized markets, liquid staked tokens, synthetic tokens, forex, commodities and more.

➡️ Delta-Neutral Strategies: Levana offers unique delta-neutral strategies that allow traders to earn staking rewards without exposure to the underlying asset.

This offers funding rate arbitrage for integration with other perps platforms in the DEX and CEX space.

➡️ Earn from any market with your $TOR: Deposit stable coins to earn passive income by playing “the house” earn fees from traders, and profit from their liquidations.

💵 Advantages of Using $TOR as the Main DEX Currency

💡 Integrating $TOR, an internal account dollar-pegged stablecoin, as the primary currency for the Levana perpetual DEX offers several benefits:

➡️ Stability: As a decentralized stablecoin, $TOR provides a liquid, stable and reliable medium of exchange which can easily be created from any asset on TC.

➡️ Simplified Collateral: Users can mint $TOR via the TC lend/borrow mechanism, and provide this collateral to open directional positions, or EARN on their TOR via providing collateral to markets of their choice.

➡️ Burning Mechanism: Liquidations and other transactions involving $TOR will contribute to a steady stream of burning $RUNE, enhancing the value proposition for THORChain’s native token.

➡️ $TOR just got a new utility: The added utility of Levana means that users have additional utility with their $TOR, and can earn APR by providing $TOR to Levana market’s liquidity pools.

🐉 Levana’s Peer to Pool Model

🌊 Levana uses a peer to pool model, simplifying the user experience of opening and closing trades. This aligns with the AMM style trading experience found within TC front end’s such as ThorSwap

The peer to pool model also simplifies launching new markets, reducing time to market, and democratizes the process of becoming a market maker. The model is capital efficient and sucks up the $TOR on the system, making it more desirable to deposit other L1 assets to TC.

⛓️‍ Fully Onchain: With no need for an offchain matching engine or orderbook, Levana can provide @ThorChain with a truly decentralized leverage trading experience using today’s tech stack and battle tested in production systems.

🛑 Peer to Pool means users are never stuck in a trade, with the pool always acting as the counter trader.

💰Earn with $TOR: Users can deposit collateral into the pool earning trading fees and acting as counter traders, profiting from trader losses and volatility.

🔌 Powerfully Simple UI: The peer to pool model makes it easy for anyone to open or close a trade, simply select your collateral, leverage and triggers and click open. Your trade opens instantly with no external matching engine needed.

🔀 Lim​​it Orders today -> Fully Onchain Order Book tomorrow

Today on Levana, traders can open positions at the market price, or set an onchain limit order, complete with take profits and stop losses.

These limit orders will be upgraded in future updates to adapt to maker<>taker fee structures found in other order book systems and will be displayed in the traditional order book structure.

All of this will happen onchain without the need for a centralized order book.

Overtime the system will be updated to support more advanced orderbook technology, without compromising on the ideals of onchain decentralized infrastructure

⛓️ Levana x THORChain: A Powerful Partnership

🐉 Levana Perps is written in CosmWasm and has already been deployed to 4+ chains ( Osmosis, Injective, Sei, Neutron + Juno, Nibiru and DYM testnet), demonstrating the expertise of the teams ability to deploy in multiple environments

🐉 Levana’s proven perps model & seamless user experience, combined with TC’s infrastructure make this perpetual DEX a DeFi powerhouse that will offer several unique advantages, like the ability to leverage any asset with $TOR and earn an ARP by staking $TOR.

🐉 Levana comes to THORChain ready to rock and roll 👇

🤩 Advanced features such as:
➡️ Limit orders
➡️ Take Profit
➡️ Stop Losses
➡️ Partial liquidations
➡️ Chart imports
➡️ Unrealized PnL calculations
➡️Notifications
➡️ And more

💪 These features make Levana a perfect tool for both power users and new traders alike.

👋 We already built a modular Perps in CosmWasm that is literally weeks away from making THORChain even more useful, providing sustainable yield on $TOR, and reducing the supply of $RUNE.

💪We have a team that has passed through fire multiple times, surviving Terra, pivots, multiple bear markets, hacks, exploits, chain halts & every challenge imaginable in crypto. In addition to technical skills we bring years of entrepreneurial experience, resilience and grit.

🙌 Our contracts are open source, and our front end will be run by multiple parties permissionlessly.

🔥 Summary: THORChain and Levana are a match made in Valhalla

🚀 Levana is well-positioned to deploy quickly the ultimate perpetual DEX on THORChain supporting high leverage with strong guarantees of economic stability through our proven model and innovative approach to perps.

The integration of CosmWasm into THORChain, combined with the use of $TOR as the main currency, presents a unique opportunity to increase demand for the $RUNE token, decrease supply and create a truly decentralized and efficient leverage trading platform.

This collaboration could be a significant addition to DeFi on THORchain and beyond, offering a transparent and versatile perp swap platform for traders.

learn more about Levana linktr.ee/levanaprotocol

and watch our recent update

https://twitter.com/1385260253076414467/status/1819223121620005061

Original post from @jpthor

https://twitter.com/jpthor/status/1819340841275539878