1. Missed out on the $LVL run?
Your next opportunity is here with a new Perpetuals Exchange in town.
Even better, there's an airdrop opportunity for everyone! Read on to find out more:
🧵(1/18)
Your next opportunity is here with a new Perpetuals Exchange in town.
Even better, there's an airdrop opportunity for everyone! Read on to find out more:
🧵(1/18)
2. What is @Levana_protocol?
It'll be unfair to say that Levana is just another perps exchange.
The team behind them has spent more than 1 year studying their counterparts to bring the best of existing exchanges and integrated them into Levana.
It'll be unfair to say that Levana is just another perps exchange.
The team behind them has spent more than 1 year studying their counterparts to bring the best of existing exchanges and integrated them into Levana.
3. The result?
A next-gen perps exchange that is:
🐉 Insolvent free
🐉 Easy to use even for beginners
🐉 Cheap to use
🐉 Not reliant on stablecoins
🐉 NFT integration
A next-gen perps exchange that is:
🐉 Insolvent free
🐉 Easy to use even for beginners
🐉 Cheap to use
🐉 Not reliant on stablecoins
🐉 NFT integration
4. At launch, @Levana_protocol will boast the following features (subject to changes):
5. Similar to GMX's GLP, @Levana_protocol also utilises a liquidity pool system which anyone can deposit into to earn #RealYield from:
🐉 Trading fees
🐉 Borrowing fees
🐉 Traders' losses
🐉 Trading fees
🐉 Borrowing fees
🐉 Traders' losses
6. However, there are a few key differences:
🐉 There will be multiple liquidity pools for different markets instead of 1 liquidity pool containing different assets.
🐉 There is an option to lock up your liquidity to earn more yield.
🐉 There will be multiple liquidity pools for different markets instead of 1 liquidity pool containing different assets.
🐉 There is an option to lock up your liquidity to earn more yield.
7. Positions can only be created where locked capital ensures the platform will always be able to distribute assets to winning positions, preventing insolvency.
8. These reduce risks across all stakeholders:
🐉 Traders will be assured their winning payouts
🐉 No Contagion Effect from other assets for liquidity providers
🐉 @Levana_protocol cannot go insolvent
🐉 Traders will be assured their winning payouts
🐉 No Contagion Effect from other assets for liquidity providers
🐉 @Levana_protocol cannot go insolvent
9. So far, the UX on @Levana_protocol has been nothing short of amazing. Important information and trading features are easily accessible.
You can also easily edit positions that are already open on the platform just by clicking on them.
You can also easily edit positions that are already open on the platform just by clicking on them.
10. Users experiencing difficulties can even get help on the platform by accessing the bot assistant at the bottom right of the page and/or the "Learn" tab!
11. Airdrop Information!
@Levana_protocol will airdrop $LVN to the following:
🐉 Levana NFT holders.
🐉 Platform testnet users.
@Levana_protocol will airdrop $LVN to the following:
🐉 Levana NFT holders.
🐉 Platform testnet users.
13. Bonus Information:
If you're already trying out @Levana_protocol, stand to get additional rewards from @SeiNetwork by completing the Levana Incentivised Testnet mission on @BlockedProtocol here:
edge.blocked.cc
If you're already trying out @Levana_protocol, stand to get additional rewards from @SeiNetwork by completing the Levana Incentivised Testnet mission on @BlockedProtocol here:
edge.blocked.cc
14. @Levana_protocol will be launching on @SeiNetwork!
However, its modular design makes it easy to launch on multiple chains. It's very likely that Levana will expand into more L1s in the future.
However, its modular design makes it easy to launch on multiple chains. It's very likely that Levana will expand into more L1s in the future.
15. Ending thoughts:
@Levana_protocol has impressed me with its protocol designs so far.
They have shown immense resilience to be able to survive the Terra Collapse + the fact that perp exchanges are the biggest winners in this bear market, I believe that they'll do very well.
@Levana_protocol has impressed me with its protocol designs so far.
They have shown immense resilience to be able to survive the Terra Collapse + the fact that perp exchanges are the biggest winners in this bear market, I believe that they'll do very well.
16. Interested to learn more about @Levana_protocol? I've shortlisted 3 important Medium articles to start:
🐉 medium.com
🐉 medium.com
🐉 medium.com
🐉 medium.com
🐉 medium.com
🐉 medium.com
medium.com/levana-protoco…
Introduction to Levana Perps v2
TLDR: Levana Perps is awesome and has a lot of advanced tech under the hood!
medium.com/levana-protoco…
Levana Estimated Fee Comparisons
Levana vs other platforms
medium.com/levana-protoco…
Levana in 2023
Blast Off! Levana’s Exciting Plans for 2023 Unveiled
17. @Levana_protocol has also completed 2 security audits with:
🐉 @goFYEO: medium.com
🐉 @peckshield: docsend.com
🐉 @goFYEO: medium.com
🐉 @peckshield: docsend.com
docsend.com/view/2kzcjxvjz…
DocSend - Simple, intelligent, modern content sending
DocSend helps you communicate more effectively by telling you what happens to content after you send...
medium.com/levana-protoco…
Levana Perps Passes Security Audit by FYEO: A Comprehensive Summary of the Audit Report
A link to the full audit report can be found here
18. Have any further questions for @Levana_protocol? You're in luck!
They'll be joining an AMA hosted by @flipsidecrypto alongside other Sei Ecosystem projects. Make sure you tune in!
They'll be joining an AMA hosted by @flipsidecrypto alongside other Sei Ecosystem projects. Make sure you tune in!
DeFi legends to follow (II):
@poopmandefi
@jake_pahor
@definapkin
@CryptoStreamHub
@0xFinish
@crypto_linn
@defi_mochi
@2lambro
@poopmandefi
@jake_pahor
@definapkin
@CryptoStreamHub
@0xFinish
@crypto_linn
@defi_mochi
@2lambro
Thank you for reading! I hope you've found this thread interesting!
Would love to have your support by Liking and Retweeting the first tweet below 👇
Would love to have your support by Liking and Retweeting the first tweet below 👇
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