Roadmap
Timeline and steps subject to change
Detailed article about our 2.0 roadmap can be find here:
- 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.
- 1.
- 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.
- 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.
- 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.
Last modified 5d ago