Level Finance


Level 1.5
  1. 1.
    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
  2. 2.
    Part Two (Semi-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
    • Risk tranche redesign (implementation details TBD)
      • Rework of existing Tranches - better alignment of risk and reward across tranches
    • Provide better trader incentives (implementation details TBD)
      • 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. 3.
    Part Three (Partially 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
    • 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
2023 Outlook
  1. 1.
    Ultimate Decentralization
    • Community-controlled threshold signature schemes
    • Auditable Multi-Party Computation verification protocols using a federation of community-controlled nodes
  2. 2.
    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
    • 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.
    • 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.