Level Finance


Dual Token Model

LEVEL uses a dual-token model to separate governance (LGO) and utility (LVL) functions within the protocol. This approach aligns user incentives by using two distinct tokens. This separation helps allocate resources for governance efficiently while not being negatively impacted by excessive demand for utility purposes, resulting in a fairer system for all users. This allows each segment of stakeholders to separate their allocation between LVL and LGO in a way that aligns with their particular interest in the protocol.
LVL is the native utility token of LEVEL, providing users with a range of utility functions within the platform, including staking, where users can either earn platform revenue or accrue LGO tokens by depositing their LVL tokens. LVL tokens are also used as incentives to reward platform participants, through liquidity provider rewards and other incentive programs (after vesting preLVL). Finally, LVL can be used to acquire LGO at set intervals through Auctions.
Learn more about Auctions.
LGO is the native governance token of LEVEL, providing ownership and decision-making power within the LEVEL DAO. The LEVEL DAO is the decentralized autonomous organization governing the LEVEL ecosystem. As the creation of LEVEL was a fair launch, there was no LGO allocated to any party, whether team, community members, or users. We invite all these parties to become a part of the Level DAO by staking LVL tokens in the LVL DAO Pool to earn LGO and grow their governance share in the DAO.