Is LEVEL a decentralised exchange (DEX)?
LEVEL is an on-chain, non-custodial, frictionless, and permissionless DEX!
As a DEX, LEVEL operates without a centralised authority, removing barriers to entry through permissionless smart contracts. DEXs reduce the risk of price manipulation, as well as exploits and theft as crypto assets are never in the custody of the exchange itself.
Staked LLP tokens auto-compound fees into the LLP itself, increasing the assets within the LLP and thus the price. The higher the LLP price, the higher the value of your LLP assets will be!
You also receive LVL rewards for providing liquidity as an LLP. These can be claimed on the LEVEL Liquidity page.
💡 Provide liquidity and claim rewards in our Liquidity Tutorials
When you create a liquidity pool position on Pancakeswap, you are providing liquidity for the LVL/BNB spot market enabling people to swap LVL tokens. When a user swaps between tokens in this pool, a trading fee is taken from them, a part of which is distributed to liquidity providers according to their share of the pool.
LP tokens from PancakeSwap can then be staked or farmed to earn additional rewards, either at LEVEL to earn LVL, or at PancakeSwap to earn CAKE.
💡 Provide LVL/BNB liquidity in our Liquidity Tutorials
Historical price data for tranches can be found here:https://app.level.finance/analytics/tranches/SLP
In terms of smart contract risk or other security concerns, all tranches are equal. The Junior Tranche is exposed to the highest financial risk due to the architecture of the LEVEL liquidity pools, however, this is purely from a trading point of view where LLPs act as the counterparty to traders. All of the smart contracts have been through our audit and verification processes, encompassing the liquidity tranche structure.
For more information, see Risk Management for Liquidity Providers
There are several Dune dashboards that monitor the entire LEVEL ecosystem.
- Total AUM OverTime
- Trading Volume OverTime
- LPs Net Profit and Loss vs Trader Net Profit and Loss
- Open Interest
- Fees Breakdown
- User Activities
- Trading Volume for the past 24 hours, week and month
- Token Volume Breakdown By Token
- Top Trader Profit and Loss
- Individual Tranche (Junior, Mezzanine, and Senior) Pricing and AUM
- AUM Performance Annualized
- Borrowing Rate Annualized
- Junior, Mezzanine, and Senior LLP’s APR
- DAO Staking
- LGO Staking
- LVL Staking
- LVL Circulating Supply
- Top Referrers
- Top Loyalty Receivers
- Top LVL and LGO Holders
Yes! To do so, you can either create a market order position or a limit order position, once your position has been executed you will be able to define your stop loss or take profit.
💡 Create a Stop Loss or Take Profit in our Trading Tutorials
Note, you cannot define a stop loss or take profit prior to the position being created, such as when you are creating a limit order.
The LEVEL team is committed to safeguarding the platform in its early stages. To achieve this, the team need to be the majority holder of LGO, as governance rights are proportional to the LGO share held. Through the staking of LVL team tokens in return for LGO, the team’s ongoing share of governance is determined. For the first year, the LEVEL Team will hold greater than 50% of the LGO Supply. In the following years, the team will gradually reduce their LGO share relative to other holders.
💡 For more information, see LEVEL DAO
On top of directing protocol revenue to liquidity providers (LPs), additional incentives in the form of LVL tokens are also distributed. Looking forward, LEVEL plans to create a multi-chain liquidity aggregator collecting fragmented liquidity across various ecosystems to represent a unified pool, for users to trade, swap and borrow against.
💡 For more information, see Risk Management for Liquidity Providers
- Here you can track how your LLP performs against BTC as well as the total fees accrued from your LLP position
- Here you can track:
- LVL and LGO Holdings
- Trading Performance
- Trading Volume
- Fees Paid
- Net Profit
- Liquidity Positions
- Which pools they are staked in
- Staking Positions
- DAO Staked LVL and LGO
- Loyalty Program History
- lyLVL Balance
- Total LVL Rewards from the program
- Referral Program History
- Total Referrals Accrued