Hello, in the your picks section we will review an old coin #lever.
Let's see what#leverdoes? What is it used for?
LeverFi, formerly known as RAMP DEFI, is a decentralized leveraged trading platform. In March 2022, the team behind RAMP DEFI rebranded their company to adapt to the increasingly uncertain DeFi market. The rebranding aims to overcome issues such as the lack of sustainable TVL and utility in the current DeFi market.
The team behind LeverFi hopes to create a product that provides value by allowing users to trade and farm at the same time. Lenders deposit funds into lending pools and earn interest from borrowing traders to trade with up to 10X leverage. Unused liquidity from lenders will be invested in other DeFi protocols to generate more returns.
LeverFi aims to act as a bridge for Ethereum and EVM compatible chains such as BNB Chain, Avalanche, Polygon, Arbitrum, Optimism, and more.
LeverFi (LEVER) is a cryptocurrency token launched on the Ethereum platform in May 2022. LeverFi is a platform operating in the Decentralized Finance (DeFi) space, focusing specifically on leveraged trading. Here is an overview of what LeverFi does and what it solves:
Leveraged Trading: LeverFi is a platform that allows users to trade with leverage. This means that traders can borrow their assets to trade larger amounts, potentially providing an opportunity to earn higher profits.
Efficient Asset Management: The platform allows users to manage yielding assets (e.g. through staking or liquidity provision) within a single collateral basket. This helps users use their assets more efficiently.
Lending and Borrowing: LeverFi allows users to earn interest by placing their funds in lending pools or by borrowing from those willing to do leveraged trades. This provides a solution for both lenders and borrowers.
Cross-Chain Compatibility: LeverFi aims to act as a bridge between Ethereum and other EVM-compatible chains (such as BNB Chain, Avalanche, Polygon, Arbitrum, Optimism). This allows users to manage their assets across different blockchains on a single platform.
Governance and Staking: LEVER token is used as the governance token of the platform. Token holders can participate in the management and future development decisions of the platform. They can also earn a share of the fees generated by the platform by staking tokens.
Solution for the DeFi Market: LeverFi aims to address the lack of sustainable TVL (Total Value Locked) and utility that exists in the DeFi market. It enables users to both trade and engage in yield farming, allowing them to use their assets more efficiently.
Yes, we learned what they do, I think it's a good job#defiis always a sector that is a candidate to create its own hype, I think we even hear Trump's son getting into this business, I think it's a sector with a future#leverbeing old and having an existing user base will be its advantages.
Now when I look at it, there is no vesting process in #lever, which I think is another advantage due to its oldness, so now you will understand why.
Market value
Market Ratio: 0.57%
Market Value: $68,298,166
Ranking: #427
24 Hour Trading Volume
Change: 36.51%
Trading Volume: $17,701,354
Ranking: #176
Trading Volume/Market Value (24 hours): 28.93%
Supply
Circulating Supply: 33,291,805,755 LEVER (95.12%)
Total Supply: 35,000,000,000 LEVER
Maximum Supply: 35,000,000,000 LEVER
Fully Diluted Market Value: $71,716,800
Looking at this data, LeverFi has a market value of around $68 million and ranks 427th in the cryptocurrency market. Over the past 24 hours, its trading volume has increased significantly, rising by 36.51% and ranking 176th with this volume. This shows that investors and traders are showing increasing interest in the LEVER token. The ratio of the circulating supply to the total supply is over 95%, indicating that the token is almost completely circulated in the market and has high liquidity. The trading volume to market value ratio is around 28.93%, suggesting that LEVER is quite active in the market and perhaps attractive for speculative transactions. Overall, LeverFi’s market performance and liquidity seem quite healthy.
So when I think about the new coins we have been examining lately#leveris a light blessing, the entire supply is now in circulation and has reunited with its investors, there is no supply pressure left, its effect on the price depends on how patient the investors will be, in other words, the power is in your hands!!!
The lack of vesting kept our review quite short, but as you can see, it is now up to the team and the investor to attract the attention of new investors or existing investors who will enter the market. If the team makes good moves, Leverfi's future looks bright...
👉It is not right to make an inference about the price from this article, many other dynamics affect the price, that is, it is not said to buy, sell, hold, sell, buy etc.
🔵I want support with RT please respect the effort!!!
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