Roadmap
Last updated
Last updated
Detailed article about our 2.0 roadmap can be find here:
Part One - On-chain orderbook testnet (Complete)
2.0 Testnet launched December 22nd 2023
Crypto, Commodity and FX Trading
Cross Margin Capabilities
Testnet rewards
Community-controlled threshold signature schemes
Auditable Multi-Party Computation verification protocols using a federation of community-controlled nodes
Emissions of LVL for cross-chain ventures will be minimal and focused on attracting liquidity, with the primary goal of generating Real Yield for token holders
LEVEL’s success to date has served to create a strong decentralized liquidity marketplace on BNB Chain. Moving forward, LEVEL will accelerate this success by pioneering a chain-agnostic solution. The goal is to become a multi-chain liquidity aggregator where fragmented liquidity across different ecosystems can be unified in a single pool, allowing users to trade, swap, and borrow seamlessly.
Part One (Complete)
The DAO Treasury was approved to add liquidity to the LEVEL Ecosystem
Redemption of LGO was approved to include LLP tokens owned by the treasury
LGO Yield Staking was approved to receive 10% of protocol revenue
Part Two (Complete)
LVL Yield Staking was approved to receive 10% of protocol revenue
LGO Dutch Auction via burning LVL was approved
To increase scarcity of assets and allow for anti-dilution/deflationary tokenomics
LVL Batch Auction was approved
25% of proceeds go towards building LVL/USDT liquidity on PancakeSwap
75% of proceeds go towards minting Senior LLP
Provide better trader incentives
Instead of static LEVEL Loyalty (lyLVL) rewards, the transition to a dynamic leaderboard-based incentive structure was approved (with emissions unchanged)
Locked LVL and staked LGO will count towards lyLVL accumulation
The final distribution will be based on the leaderboard position, taking into account the volume of trades + LVL Staked on the platform
Part Three (Complete)
Transfer of the entire unissued LVL token supply (except for the Team Allocation) to the administration of the Treasury was approved, under the complete control of the LEVEL DAO
The motion to take LEVEL cross-chain was approved
LIP #19: First steps: Multi-Blockchain Expansion furthered this process where an expansion to Arbitrum was approved
Deploying LayerZero’s omnichain interoperability protocol to support LVL/LGO and enable the use of cross-chain bridges was approved
The introduction of a Level NFT drop was approved
Bonding mechanism (Complete)
LVL incentives will no longer be distributed directly to traders or liquidity providers
rewards will be in an unvested version called preLVL
2 choices to vest preLVL tokens (Normal vesting or Accelerated vesting)
Following LIP #19: First steps: Multi-Blockchain Expansion, 5M LVL will be bridged to Arbitrum using LayerZero’s technology to initiate bootstrapping liquidity, through auctions and other incentive programs.
