General FAQ
Most Frequently Asked Questions
Last updated
Most Frequently Asked Questions
Last updated
Q: I have a partnership request. How can I proceed? A: Please submit partnership requests via this .
Q: I’m interested in career opportunities at Level. Where can I apply? A: Send your resume and details about your skillset to: hello@level.money.
Q: What backs lvlUSD? A: lvlUSD can only be minted using USDC or USDT, maintaining full collateralization. Every lvlUSD in circulation is fully collateralized by an equivalent USDC or USDT in Level's reserves. These reserves are deployed in lending protocols like Aave to generate yield. The receipt tokens from these protocols (e.g. aUSDT or aUSDC from Aave) are then wrapped to become yield-accruing assets. A small portion of these assets are restaked in restaking protocols like Symbiotic but we are currently in the process of withdrawing all restaked assets.
Q: How can I acquire lvlUSD? A: You can buy lvlUSD through the or swap USDC for it on .
Q: How is yield generated? A: Currently, yield is earned from USDC and USDT supplied on Aave.
Q: How do I earn yield? A: Stake lvlUSD at to receive slvlUSD, which accrues yield. slvlUSD increases in value over time as Level distributes yield to slvlUSD. When you unstake, you receive more lvlUSD than you initially deposited.
Q: How do I collect my yield? A: slvlUSD accrues yield by increasing in value as Level distributes yield to slvlUSD. You realize your yield when you unstake slvlUSD — you’ll receive the original lvlUSD you staked plus the accumulated yield.
Q: What is the cooldown period for unstaking slvlUSD? A: 7 days.
Q: How often are slvlUSD rewards and APY calculated? A: Rewards and APY are calculated weekly.
Q: How often is yield distributed? A: Weekly.
Q: What do I receive when I withdraw? A: When you unstake, you’ll receive your original lvlUSD plus additional lvlUSD that was accrued.
Q: What is XP? A: XP (Experience Points) is Level’s system for tracking user contributions to the protocol.
Q: When can I stop XP farming? A: You can stop XP farming anytime by withdrawing your assets. However, the XP you’ve already earned remains.
Q: Is there a referral program? A: Yes! You receive 12.5% of the XP earned by anyone who signs up using your unique referral link. Referees get a 1.3x XP boost when joining through a referral link.
Q: What determines my actual APY? A: Several factors influence APY, including:
The amount of lvlUSD distributed to the staking vault → More distribution = higher APY.
The total amount of staked lvlUSD → More staked lvlUSD = lower APY (since yield is split among more users).
The duration of your staking period.
Q: How is APY calculated? A: slvlUSD APY is determined as follows:
Protocol revenue rewarded to slvlUSD divided by daily average slvlUSD market cap since the last reward distribution, annualized with compounding. Past performance does not guarantee future results.
APY is updated weekly. Not available for U.S. persons.
Q: How many decimal places should I use when depositing or withdrawing assets? A: If you encounter issues, try removing a few decimal places from the transaction amount.
Q: Why is my slvlUSD balance lower than the lvlUSD I deposited? A: slvlUSD accrues yield by increasing in value, not by increasing in quantity.
When you stake lvlUSD, you receive an equivalent value in slvlUSD.
Since slvlUSD appreciates in value over time, the amount of slvlUSD you receive will be less than the amount of lvlUSD you staked.
When you unstake, you receive the original lvlUSD plus yield, reflecting the growth of slvlUSD.
Q: How do I earn XP? A: You can earn XP by participating in the XP farm at . XP is awarded based on the activities described .