LeverFi is a DeFi platform that allows for leveraged spot trading. It is rebranded from Ramp.
Traders deposit collateral to trade at up to 10x leverage. Traders can deposit collaterals to farming protocols and trade with leverage and earn yields at the same time.
LEVER is the native token of the project. The current use cases for LEVER include:
Governance: holders can lock up LEVER for a period between 6 ~ 48 months to earn xLEVER, which can be used in governance voting. The longer the lock-up period, the more xLEVER will be generated.
Staking: Users can stake xLEVER tokens for a share of protocol rewards.
The project consists of the following major components working in conjunction:
Collateral Manager: the Collateral Manager governs the deposit, withdrawal, valuation, and yield generation of collateral.
Lending Manager: the Lending Manager governs the deposit, withdrawal, valuation, and yield generation of lending assets.
Trading Manager: the Trading Manager governs the execution, settlement, routing of trading.
Risk Manager: the Risk Manager calculates account health, Loan-To-Value ratio, and other risk-related parameters to control the total risk of LeverFi.
As at June 23rd 2022, the maximum and total token supply of LEVER token is 35,000,000,000. The current circulating supply is 16,800,000,000 (48% of the total token supply).
Learn more about the token distribution of LEVER here.