What is LeverFi (LEVER)?
The LEVER token is the governance token of a decentralized exchange known as LeverFi. The aim of the platform is to provide users with a space where they can both – trade and yield farm. In addition to that, LeverFi also aims to connect Ethereum with EVM-compatible networks. Thus, it acts as a bridge between Ethereum and these networks.
In order to trade with larger positions, LeverFi enables customers to deposit collateral as a single asset and then combine their collateral. Besides, along with enabling users to use the platform in combination with DEX and CEX derivatives, the platform also facilitates customers who engage in leveraged pair trading or hedging.
Note that, initially, LeverFi was known as RAMP DEFI. However, in March 2022, the platform decided to rebrand.
Use Cases of LEVER
As mentioned before, LEVER is the governance token. This means that LEVER token holders get the right to participate in the decision-making processes of the LeverFi crypto project. To engage in governance, participants must lock up their LEVER token for a period ranging from 6 to 48 months. By doing that they get xLEVER tokens. Each xLEVER token symbolizes one vote in the governance process.
Greater lockup times provide more xLEVER for the same quantity of LEVER coins. This means that token owners with smaller shares and longer lockups might have the same amount of voting power as token owners with larger shares and shorter lockups. Besides, note that xLEVER tokens can be staked to receive rewards in LEVER coins.
Planning to acquire LeverFi coins? Before doing that, make sure to analyze the latest LEVER price movements. You can do that using the live LeverFi price chart above.
Who Founded LeverFi?
The LeverFi crypto project (then RAMP DEFI) was founded in 2019 by Lawrence Lim and Loh Zheng Rong.
Lawrence Lim initially was a part of the traditional finance world. To be more specific, he used to work with private banking, corporate mergers, and acquisitions. However, he later switched to the crypto world by becoming a part of the IOST network development.
Apart from being the co-founder of LeverFi, Loh Zheng Rong is also the marketing lead. He has a degree in Finance and Wealth Management. In the past, he worked as the managing partner of Merkle Venture and co-founded the NOX crypto project.
Tokenomics of LEVER
The max supply of LEVER tokens is 35 billion. The fixed supply helps to keep tokens more scarce, which might reflect positively on the LEVER price.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
26.64K
Followers: 26,641
0.20%
Following
52
0.00%
Posts count
2,967
0.00%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
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Subreddit type
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Moderators
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Currently, official LeverFi (LEVER) Reddit Stats account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
6.99K
Members: 6,992
0.46%
Title
LeverFi Community
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
46 / 100
2.13%
Ahrefs Rank
1,079,392
4.99%
Organic Traffic (mo.)
668
0.15%
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
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Type
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Currently, official LeverFi (LEVER) GitHub Organization account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
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Watchers
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Forks
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Language
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Currently, official LeverFi (LEVER) GitHub Public Repository doesn't exist or wasn't submitted. 🔆 Submit Now
LeverFi hot topics
Currently, official LeverFi Reddit account doesn't exist or wasn't submitted. 🔆 Submit Now
@LeverFi posts