Level 🆙

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Level 🆙

Level 🆙

@levelusd

Level is the leading stablecoin protocol powered by blue-chip lending protocols. Backed by @dragonfly_xyz @polychain

انضم Kasım 2021
43 يتبع27.4K المتابعون
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Level 🆙
Level 🆙@levelusd·
Announcement: the Level team is getting acquired by a leading DeFi protocol Our mission has always been to build and expand access to high quality onchain financial products. Since launching nearly a year ago, lvlUSD grew to a peak market cap of $185M and slvlUSD has delivered an average APY of over 7%. To fully realize this mission, greater scale and reach are required. Today, we are announcing that the Level team will be joining a leading DeFi protocol to accelerate the future of onchain finance. As part of this transition, we will be sunsetting the Level protocol, including lvlUSD and slvlUSD. All users will be able to unstake their slvlUSD and redeem lvlUSD, and all cooldown periods will be reduced to 2 seconds. More details below. We are deeply grateful for everyone that has been part of our journey so far and look forward to the next chapter. 1/
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Level 🆙@levelusd·
3/ Details on unstaking and redemptions For users with funds in Level XP Farm Users who have lvlUSD or LP tokens for the lvlUSD/USDC or slvlUSD/lvlUSD Curve pools will be able to withdraw from the farm in 2 seconds. This cooldown reduction also applies to any redemptions in flight. Withdrawing from the Level XP Farm for the above tokens will remain a two step process. Withdrawing all other tokens from the farming contract will continue to remain one step. 🔗Visit app.level.money/farm?tab=withd… to get started. For users who have staked lvlUSD The protocol will reduce the time to unstake lvlUSD to 2 seconds. Unstaking will remain a two step process. Note: in-flight redemptions will continue to have a cooldown period of 3 days. 🔗Visit app.level.money/earn?tab=unsta… to get started lvlUSD redemptions The protocol will: - Make redemptions public: anybody will be able to redeem lvlUSD for underlying collateral at app.level.money/redeem - Fix redemption rates to 1:1: whereas we were previously using Chainlink oracles to calculate conversion rates from lvlUSD to collateral, users will be able to convert 1:1 back to the underlying collateral - Pause mints: no more lvlUSD will be able to be redeemed In addition, the redemption cooldown period will be reduced to 2 seconds, and the per-block redemption limit will be increased to 1m lvlUSD per block. Visit app.level.money/redeem to get started. 🔗You can learn more in our docs here: level-money.gitbook.io/level-document… For integrators The recommended way to convert lvlUSD to underlying collateral is to call the LevelMinting to redeem instead of selling through liquidity pools. 🔗See here for more information: level-money.gitbook.io/level-document… Interacting with contracts directly Though the front-end will remain up for several weeks, users will always be able to withdraw their funds by interacting with the smart contracts directly. 🔗Instructions on how to do so will be posted here: level-money.gitbook.io/level-document…
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Level 🆙
Level 🆙@levelusd·
Announcement: the Level team is getting acquired by a leading DeFi protocol Our mission has always been to build and expand access to high quality onchain financial products. Since launching nearly a year ago, lvlUSD grew to a peak market cap of $185M and slvlUSD has delivered an average APY of over 7%. To fully realize this mission, greater scale and reach are required. Today, we are announcing that the Level team will be joining a leading DeFi protocol to accelerate the future of onchain finance. As part of this transition, we will be sunsetting the Level protocol, including lvlUSD and slvlUSD. All users will be able to unstake their slvlUSD and redeem lvlUSD, and all cooldown periods will be reduced to 2 seconds. More details below. We are deeply grateful for everyone that has been part of our journey so far and look forward to the next chapter. 1/
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Level 🆙
Level 🆙@levelusd·
slvlUSD Q3 performance: Avg: 7.19% APY High: 8.65% Low: 5.30% glevel.
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Level 🆙@levelusd·
glevel
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Level 🆙@levelusd·
Yield Season
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Level 🆙@levelusd·
Stablecoin transfers continue to rise alongside supply. They are not idle reserves anymore, they are active instruments moving through the system. glevel
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Level 🆙@levelusd·
DeFi is banking without banker’s hours. glevel
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Level 🆙@levelusd·
🚨 Weekly APY Update 🚨 slvlUSD streamed 6.37% APY this week. Backed by: → $21.21M aUSDC → $16.6M steakUSDC (Morpho) Total Reserves: $37.8M The flywheel keeps spinning. Real yield, week after week. Looking to know how to explore Level ecosystem assets? Links below ↓
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Level 🆙@levelusd·
There’s a vault behind the vault. That’s where we park. glevel.
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Level 🆙@levelusd·
When Savings Yield Comes From the Market, Not the Bank Traditional banks like to advertise headline savings rates, but those offers usually sit behind requirements such as minimum balances, qualifying deposits, or limits on how much actually earns the published yield. Even then, the rate itself shifts at the discretion of policy rather than being tied to real credit demand. slvlUSD takes another route. It streams yield directly from @aave and @MorphoLabs lending markets, reflecting the actual borrowing demand for stablecoins at the center of DeFi. Over the past six months, the data has been clear: 🔹 Mean yield: 8.16% 🔹 Median: 8.27% 🔹 Standard deviation: 1.24% (so most weeks stayed within about one percent of the mean) 🔹 Minimum: 5.30% (July 04) 🔹 Maximum: 10.72% (May 29) 🔹 Range: 5.42% This level of consistency matters. It shows that users are not depending on promotional hooks or active management, but on a yield flow that is transparent, verifiable, and directly connected to economic activity onchain. In practice, it behaves much like a savings account, except the source is real lending demand rather than a bank’s discretionary policy. slvlUSD has demonstrated that stable yield can be both sustainable and accessible. That distinction is what makes it more than just another yield source. It is a benchmark for how savings can work when the rate comes from the market itself. To see the system in motion, visit level(dot)money 💻
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Level 🆙@levelusd·
Today feels like a great day to Level 🆙
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Level 🆙@levelusd·
According to @Investopedia, the highest USD savings rate you can get today is 5.00% Can you guess what the fine print says?
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Level 🆙@levelusd·
Where does your yield come from?
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