What is XP?

As a decentralized protocol, Level's power comes from its community. Level's XP is a way for community members to measure their contributions to the protocol.

How to Earn XP

The simplest way to earn XP is to deposit stablecoins to the XP Farm on the Level Dashboard. Currently, users can deposit stablecoins like USDT, deUSD, and USD0++ to start earning XP. Allowlisted users can also deposit lvlUSD and the lvlUSD/USDC Curve LP tokens.

The contract that users deposit lvlUSD and Curve LP tokens is a fork of Ethena's LP Staking Pool, a contract that has secured over $200m in TVL. The contract to deposit all other assets is a fork of Zircuit's Restaking Pool, a contract that has secured over $1.5B in TVL, with some slight modifications.

Users retain full custody of the assets in the contract- admins of this contract will never have access to user funds, and users can withdraw at any time.

Depositing

Users can deposit stablecoins on the Level website. Users should start accruing XP very soon after depositing.

Withdrawing

Users can withdraw their assets at any time without losing their XP.

Users who deposit lvlUSD or lvlUSD/USDC Curve LP tokens will need to wait for a cooldown period to pass before claiming. The current cooldown period is 7 days. Users who withdraw will not continue to receive XP during the cooldown period.

Note: participation in the XP Program is restricted for users in certain jurisdictions, including the United States and OFAC sanctioned countries.