Level Overview
Unlocking permissionless finance with DeFi-Native Yield Stablecoin
Level’s lvlUSD is backed by USDC and USDT, which are deposited into lending protocols to generate fully DeFi-native yield. By aggregating and creating use cases for lending protocol receipt tokens, Level enhances composability within the DeFi ecosystem.
While Level prioritizes eliminating centralized counterparty risk and operational risk from actively managing reserves, all while ensuring full on-chain transparency, the risks associated with interacting with lvlUSD are inherently tied to DeFi. For a detailed overview, please refer to our Risks section.
Overview
Level is a decentralized finance (DeFi) protocol that introduces a crypto-native, fully transparent stablecoin, lvlUSD. By leveraging deep integrations with leading DeFi protocols, Level enables a permissionless financial ecosystem that is both scalable and sustainable.
lvlUSD is backed by USDC and USDT, which are deposited into lending protocols to generate yield. These assets are further utilized by aggregating and creating use cases for lending protocol receipt tokens, enhancing composability and efficiency across DeFi.
slvlUSD is the yield-bearing version of lvlUSD, designed to provide users with automated yield accumulation while maintaining composability across DeFi applications.
lvlUSD is fully backed (subject to the discussion in the Risks section regarding potential loss of backing), freely composable across DeFi and maintains its peg to 1 USD by exclusively using fiat-backed stablecoins like USDT and USDC as collateral.
Level offers a sustainable and scalable alternative to traditional stablecoins by optimizing decentralized yield generation, ensuring:
No centralized counterparty risk
No operational risk from active reserve management
Complete on-chain transparency.
Website: https://level.money/
X (formerly Twitter): https://x.com/levelusd
Telegram [English]: https://t.me/level_en // Telegram [中文]: https://t.me/level_asia
Discord: https://discord.gg/levelusd
Quick Links
Users can currently interact with lvlUSD in the following ways:
Permissionless Acquisition – Access external AMM pools to buy or sell lvlUSD.
Direct Minting – Deposit accepted reserve assets to mint lvlUSD, like USDT or USDC.
Staking & Unstaking – Earn yield from protocol revenue by staking lvlUSD, available only to users in permitted jurisdictions.
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