# Roadmap

## **2023 / 2024 Outlook -** **Roadmap**

### Level 2.0: The Next Frontier in Decentralized Trading <a href="#dcf1" id="dcf1"></a>

<figure><img src="https://133323373-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FFJ6zbXbgFXVZp3qunySS%2Fuploads%2F6mgXQKXPX81MGZU7u8qT%2Froadmap2.0lvl.webp?alt=media&#x26;token=b9302d9a-a219-426a-94a8-e40f1ca4ef20" alt=""><figcaption><p>Timeline and steps subject to change</p></figcaption></figure>

Detailed article about our 2.0 roadmap can be find here:

{% embed url="<https://level-finance.medium.com/level-2-0-the-next-frontier-in-decentralized-trading-5e075c386b6a>" %}

1. **Part One - On-chain orderbook testnet (Complete)**
   * 2.0 Testnet launched December 22nd 2023
   * Crypto, Commodity and FX Trading
   * Cross Margin Capabilities
   * Testnet rewards

***

#### Ultimate Decentralization

* Community-controlled threshold signature schemes
* Auditable Multi-Party Computation verification protocols using a federation of community-controlled nodes

#### Cross Chain

* 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.

***

### **Level 1.5 (Complete)**

1. [Part One](https://dao.level.finance/proposals/0x5f11b6e0a70126286a336ce2c4f9201c4e9e480e648489571aff6219655a0df2) **(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
2. [Part Two](https://dao.level.finance/proposals/0xc6e4b5b4b808192171846434574be85887a25b22776c7ececa3c355f5c753f7e) **(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
3. [Part Three](https://dao.level.finance/proposals/0xbfacb725aed5210506c4e4c4c80bc0c51a5e382374aa740e3fc4de3296736be5) **(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](https://dao.level.finance/proposals/0x635261f7c4495111a96c8d9af49a9e54363493fd2487ea75ab9d7f65a716b807) 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)

#### Omnichain - Arbitrum (Complete)

Following [LIP #19: First steps: Multi-Blockchain Expansion](https://dao.level.finance/proposals/0x635261f7c4495111a96c8d9af49a9e54363493fd2487ea75ab9d7f65a716b807), 5M LVL will be bridged to Arbitrum using LayerZero’s technology to initiate bootstrapping liquidity, through auctions and other incentive programs.