LVL Utility Token
LVL is the protocol utility token of the LEVEL ecosystem.
Token Details
Ticker: LVL
Max Supply: 50,000,000
Total Supply: Continually reduced via LGO Dutch Auction and LVL Weekly Burn
Distribution: Fully under the control of the LEVEL DAO
Contract address: see Smart Contracts
BNB Chain: PancakeSwap LVL/SDT LP v2 (used for DAO and Yield Staking): 0x69d6b9a5709eead2c6568c1f636b32707ea55a7e PancakeSwap LVL/BNB LP v2: 0x70f16782010fa7ddf032a6aacdeed05ac6b0bc85 PancakeSwap LVL/USDT LP v3: 0x77E4ba48091f23a8a54b3e2c72F17be58cC2D137
Arbitrum: PancakeSwap LVL/USDT LP v2 (used for DAO and Yield Staking): 0x4c7cC7DdbC0530cafde9cFbc55F7583Fe71C7171 PancakeSwap LVL/ETH LP: 0xD58522653D3F368D76d453Bc4C80CD7Fb36AC786
How to Receive LVL?
Buy LVL from our partners
Become a Liquidity Provider to earn LVL on your chain of choice!
Trade to Earn LVL through our Loyalty Program
Invite your friends to LEVEL, and both be rewarded through our Referral Program
Acquire through LVL Batch Auctions
LVL Allocation
| Allocation | Amount (LVL) | Percentage |
|---|---|---|
Liquidity Providers | 13,000,000 | 26% |
Team | 10,000,000 | 20% |
DAO / Strategic | 27,000,000 | 54% |
TOTAL | 50,000,000 | 100% |
Liquidity provider rewards are used to bootstrap liquidity and reward LEVEL LPs
Community incentives are for various campaigns and mechanisms, focusing on user acquisition, user retention, and most importantly trading volume growth.
The team allocation has a 4-year unlock duration. Team tokens will unlock every 12 months, with an initial 12-month cliff, where the first unlock (1/4 of team allocation) occurred on the 26th of December 2023.
Note that a portion of the team allocation of LVL tokens (locked or unlocked) can be staked in the DAO. Learn more at Initiation of the LEVEL DAO
The strategic investor allocation has been set aside for external contributors. If you would like to contribute to the LEVEL project, please contact us on Discord. We are continually exploring opportunities to sell LVL to high-profile strategic partners. All proceeds from these sales go to the LEVEL DAO Treasury.
LVL Emissions
The LVL token distribution is decided by the LEVEL DAO.
With Level 2.0 a Bonding Mechanism (LIP #23) was implemented with an unvested token called preLVL. All LVL rewards are no longer distributed directly.
Weekly Fixed Emissions
| BNB - Allocation | per week |
|---|---|
Senior Tranche | 8750 preLVL |
| Arbitrum - Allocation | per week |
|---|---|
Senior Tranche | 8750 preLVL |
Weekly Variable Emissions
| per week | |
|---|---|
Trading Incentives: Loyalty Program + Ladder | 70,000 preLVL + minimum 10,000 preLVL (up to 100,000 preLVL) |
Referral tier and volume-dependent | |
Total Program Incentives | minimum 80,000 preLVL (up to 170,000 preLVL) + Referral Program |
For more information on variable emissions, see Incentive Programs
The chart below shows LVL emissions for the first 5 months of the project, since launch. The LEVEL DAO has repeatedly adjusted emissions to ensure a sustainable token economy for the ecosystem. Further changes to the LVL emission schedule can be proposed and voted on through LEVEL DAO governance. This may be to facilitate the continued sustainability of our tokenomics or for future strategic plans, such as cross-chain expansion. Previous impacts from governance proposals are labelled on the chart.
Token Release Events
Strategic Sale - Unknown
Date: 22nd Jun 2023
Deal Size: 2,000,000 USDT ($2M)
LVL Size: 526,316 LVL
LVL Price: $3.8 (7-day TWAP + discount)
Term Length: 6-month lock up with 6-month linear vesting period after
Utility (Staking)
LVL Staking
There are currently 3 venues to stake your LVL tokens with varying benefits to suit multiple stakeholders.
1) LVL DAO Staking
In this pool, LVL holders can stake their LVL to earn LGO, giving them governance rights over the DAO and management rights of the DAO Treasury.
2) LVL Omnichain Yield Staking
In the Earn Pool, LVL holders can stake their LVL to earn protocol fees. 10% of protocol fees generated are distributed to this LVL staking pool in the form of Senior LLP, which can be redeemed for any Senior LLP asset here (for example, BTC, ETH, USDT, e.g.).
Staking is available on both, Arbitrum and BNB Chain.
Every 1 LVL staked earns you 1 share per second. The total rewards are calculated from 10% of the total fees collected over the 7-day epoch on both BNB Chain and Arbitrum. Your share of these rewards is proportional to your stake.
Rewards are distributed per epoch (7 days). 24h after end of the epoch, users will be able to claim their yield rewards.
3) LVL Fee Credit Staking
In the Stake LVL to Earn Fee Credit Tab, LVL holders can stake their LVL to earn Fee Credits. Each 100 LVL staked will be rewarded with a maximum $5 fee credit, linearly reducing toward the end of the epoch. The earlier you stake during an epoch, the more fee credits you will earn.
Staking is available on both, Arbitrum and BNB Chain. Note: The chain you stake your LVL is the chain you will get your Fee Credits.
Rewards are distributed immediately and they expire at the end of that epoch.
Last updated
