# How It Works

- [lvlUSD](/level-documentation/how-it-works/lvlusd.md): lvlUSD is a stablecoin that is fully backed by USDC and USDT, which are deployed into lending protocols to generate yield.
- [Peg Stability](/level-documentation/how-it-works/lvlusd/peg-stability.md): lvlUSD is designed to be pegged to the US Dollar
- [slvlUSD](/level-documentation/how-it-works/slvlusd.md): slvlUSD is the yield accruing version of lvlUSD
- [Risks](/level-documentation/how-it-works/risks.md): Description of Risks & Mitigations