This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is LeverFi?

LeverFi (LEVER) is a decentralized finance (DeFi) platform built on the Ethereum blockchain. It offers leveraged trading with up to 10x leverage and simultaneous yield-farming of assets. Users can deposit collateral, which is then deployed to generate yield on other DeFi protocols. The platform aims to provide stability in volatile markets by decreasing the risk associated with leveraged trades.

How is LeverFi used?

LeverFi (LEVER) is a decentralized finance (DeFi) platform that offers leveraged trading, lending, and yield-bearing opportunities. Here are the key ways LEVER is used:

  1. Governance: LEVER holders can lock up their tokens for a period between six months and two years to earn xLEVER, which grants voting power in protocol governance. The longer the lock-up period, the more xLEVER is generated, and thus, the more voting power the user has.

  2. Staking: Users can stake xLEVER tokens to earn a share of protocol rewards. This incentivizes users to participate in governance and maintain the platform's stability.

  3. Trading Fees Discount: Traders holding xLEVER in their wallets receive trading fees discounts of between 20-60% on trades executed through the LeverTrade platform.

  1. Protocol Management: LEVER holders participate in governance decisions such as adding or removing collateral, tradable assets, and lending pools. They also oversee new network deployments and tokenomics structures.

  2. LeverPro Launchpad: Users can lock up LEVER to earn LEVERPRO•POINTS, which guarantees priority allocation on the LeverPro Launchpad for new project listings.

  3. OmniZK: LEVER is staked to become an OmniRelayer, contributing to the security and governance of the network. Users can delegate their LEVER to OmniRelayers who align with their governance ethos.

Overall, LEVER plays a central role in empowering the various products and services within the LeverFi ecosystem, ensuring user participation and incentivizing governance and staking activities.

How do I store LeverFi?

To store LeverFi (LEVER) tokens, you can use various wallet options that provide secure and user-friendly management of your cryptocurrencies. Here are some popular options:

  1. Binance: You can store your LEVER tokens directly in your Binance account. This allows you to easily trade or stake your tokens within the platform.

  2. Atomic Wallet: Atomic Wallet supports over 1,000 coins and tokens, including LeverFi. It offers a trusted and user-friendly platform for managing your LEVER tokens.

  3. Guarda Wallet: Guarda is a non-custodial wallet that supports more than 400,000 assets, including LeverFi. It provides a secure and user-friendly platform for buying, selling, sending, and receiving LEVER tokens. You can download the app from the AppStore or Google Play, or install a desktop wallet.

  1. Other Wallets: You can also use other wallets that support LeverFi, such as Trust Wallet, which supports millions of assets and blockchains.

When choosing a wallet, ensure it is reputable, secure, and easy to use. Always follow best practices for securing your wallet, such as setting strong passwords and keeping your backup files safe.

How to buy LeverFi?

To buy LeverFi (LEVER) tokens, you can follow these steps:

Buying LeverFi on Centralized Exchanges (CEX)
  1. Create an Account: Register on a centralized exchange like Binance, Kriptomat, or Pionex. You can sign up using your email, Google, or Apple account.
  2. Verify Your Account: Complete the Know-Your-Customer (KYC) verification process by submitting your identification documents and phone number.
  3. Add Funds: Deposit fiat currency using a credit card, debit card, or bank transfer. You can also use third-party payment channels.
  4. Buy LeverFi: Navigate to the "Buy Crypto" or "Buy LeverFi" section, select LEVER as the cryptocurrency, and choose your payment method. Enter the amount you want to buy and confirm the transaction.
Buying LeverFi on Decentralized Exchanges (DEX)
  1. Get a Crypto Wallet: Download and set up a Web3 wallet like Metamask or a mobile wallet like Trust Wallet.
  2. Transfer Funds: Transfer the mainnet cryptocurrency (e.g., ETH or BNB) to your wallet address.
  3. Connect to DEX: Connect your wallet to the decentralized exchange (DEX).
  4. Swap for LeverFi: Find the "Swap" option, select the token you want to trade from, and choose LeverFi (LEVER) as the "To" currency. Enter the amount and confirm the transaction.
Additional Tips
  • Ensure you understand the associated risks and fees before investing in LeverFi.
  • Be cautious of scams and fake tokens on DEX platforms.
  • You can also use trading bots on platforms like Pionex to manage your LeverFi investments.
Discover
LeverFi
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

History of LeverFi

Discover
LeverFi
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

How LeverFi works

Discover
LeverFi
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

LeverFi's strengths

LeverFi's risks

Discover
LeverFi
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Did LeverFi raise funds?

Discover
LeverFi
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

LeverFi’s team

Whalee AI

The fundamental analysis assistant for crypto value investors.

Latest news

Want an analysis of this token? Tell us on Discord

Similar tokens