# LVL Utility Token ## **Token Details** * Ticker: LVL * Max Supply: 50,000,000 * Total Supply: Continually reduced via [**LGO Dutch Auction**](https://docs.level.finance/tutorials/auction-tutorials/lgo-dutch-auction) and [**LVL Weekly Burn**](https://docs.level.finance/level-dao/lvl-weekly-burn) * Distribution: Fully under the control of the LEVEL DAO * Contract address: see[ **Smart Contracts**](https://docs.level.finance/security-and-contracts/smart-contracts) * **BNB Chain:** \ PancakeSwap LVL/SDT LP v2 (**used for DAO and Yield Staking**):\ [0x69d6b9a5709eead2c6568c1f636b32707ea55a7e](https://pancakeswap.finance/info/pairs/0x69d6b9a5709eead2c6568c1f636b32707ea55a7e)\ PancakeSwap LVL/BNB LP v2: [0x70f16782010fa7ddf032a6aacdeed05ac6b0bc85](https://pancakeswap.finance/info/pairs/0x70f16782010fa7ddf032a6aacdeed05ac6b0bc85)\ PancakeSwap LVL/USDT LP v3: [0x77E4ba48091f23a8a54b3e2c72F17be58cC2D137](https://pancakeswap.finance/info/v3/pairs/0x77E4ba48091f23a8a54b3e2c72F17be58cC2D137?chain=bsc) * **Arbitrum:** \ PancakeSwap LVL/USDT LP v2 (**used for DAO and Yield Staking**):\ [0x4c7cC7DdbC0530cafde9cFbc55F7583Fe71C7171](https://pancakeswap.finance/info/arb/pairs/0x4c7cc7ddbc0530cafde9cfbc55f7583fe71c7171?chain=arb)\ PancakeSwap LVL/ETH LP: [0xD58522653D3F368D76d453Bc4C80CD7Fb36AC786](https://pancakeswap.finance/info/v3/arb/pairs/0xD58522653D3F368D76d453Bc4C80CD7Fb36AC786?chain=arb) ### **How to Receive LVL?** * Buy LVL from [our partners](https://app.level.finance/buy) * Become a [Liquidity Provider](https://dao.level.finance/liquidity/buy) to earn LVL on your chain of choice! * Trade to Earn LVL through our [**Loyalty Program**](https://docs.level.finance/incentive-programs/trading-incentives/loyalty-program) * Invite your friends to LEVEL, and both be rewarded through our [**Referral Program**](https://docs.level.finance/incentive-program-tutorials/referral-program) * Acquire through LVL Batch[ **Auctions**](https://docs.level.finance/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**](https://dao.level.finance/liquidity/buy) 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. {% hint style="info" %} 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**](https://docs.level.finance/level-dao#initiation-of-the-level-dao) {% endhint %} * 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](https://discord.gg/levelfinance). 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. {% hint style="info" %} With Level 2.0 a Bonding Mechanism [(LIP #23)](https://dao.level.finance/proposals/0x1ee5e7c139d956e9f4a3a2945c6271eab9f3b700829b714eec4a8fcf1e0fe0b1) was implemented with an unvested token called preLVL. **All** LVL rewards are no longer distributed directly. [**Details about preLVL Bonding Mechanism**](https://docs.level.finance/tokenomics/prelvl-unvested-token) {% endhint %} **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 Program](https://docs.level.finance/incentive-programs/referral-program) | Referral tier and volume-dependent | | **Total Program Incentives** |

minimum 80,000 preLVL
(up to 170,000 preLVL)
+ Referral Program

| {% hint style="info" %} For more information on variable emissions, see [**Incentive Programs**](https://docs.level.finance/incentive-programs/trading-incentives) {% endhint %} 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.

LVL Token Emissions since the first 4 months.

### **Token Release Events** {% tabs %} {% tab title="5th Strategic Sale" %} [Strategic Sale - ](https://dao.level.finance/proposals/0x6d48569466e18abd7dc329314d2ff70ae0b248dffe4783066eed8145a80eba96)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 {% endtab %} {% tab title="4th Strategic Sale" %} [Strategic Sale - Arthur Hayes](https://level-finance.medium.com/hear-ye-hear-ye-73b0423c9b98) * Date: 15th Feb 2023 * Deal Size: 10 BTC ($220,900) * LVL Size: 47,000 LVL * LVL Price: $4.7 (24-hour TWAP) * Term Length: 6-month lock up with 6-month linear vesting period after {% endtab %} {% tab title="3rd Strategic Sale" %} [Strategic Sale - Unknown](https://level-finance.medium.com/level-dao-receives-400-000-investment-208ec0be37ad) * Date: 12th Feb 2023 * Deal Size: $400,000 * LVL Size: 121,212 LVL * LVL Price: $3.3 * Term Length: 6-month lock up with 6-month linear vesting period after {% endtab %} {% tab title="2nd Strategic Sale" %} [Strategic Sale - Unknown](https://level-finance.medium.com/level-secures-500-000-strategic-investment-d8262b93ae37) * Date: 11th Feb 2023 * Deal Size: $500,000 * LVL Amount: 200,000 LVL * LVL Price: $2.5 * Term Length: 6-month lock up with 6-month linear vesting period after {% endtab %} {% tab title="1st Strategic Sale" %} [Strategic Sale - Unknown](https://level-finance.medium.com/level-secures-100-000-strategic-investment-20e1b17d4ff) * Date: 9th Jan 2023 * Deal Size: $100,000 * LVL Amount: 1,000,000 LVL * LVL Price: $0.1 * Term Length: 12-month lock up {% endtab %} {% tab title="Liquidity Bootstrapping" %} [Liquidity Bootstrapping](https://level-finance.medium.com/decentralized-perpetual-market-launch-on-bnb-chain-ceba89d0dc37) * Date: 12 Dec 2022 - 26 Dec 2022 * Details: Users committed their BTC, ETH, BNB, CAKE, BUSD, and USDT for 12 weeks, in exchange for LVL rewards * LVL Amount: 1,000,000 LVL * Term Length: 12 weeks from 26th December {% endtab %} {% endtabs %} ### **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](https://dao.level.finance/dao-staking), LVL holders can stake their LVL to earn **LGO**, giving them governance rights over the DAO and management rights of the DAO Treasury. {% hint style="info" %} [**LVL DAO Staking Tutorial**](https://docs.level.finance/tutorials/dao-tutorials/lvl-staking-lgo-rewards) {% endhint %} #### **2) LVL Omnichain Yield Staking** In the [Earn Pool](https://dao.level.finance/yield-staking), 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](https://dao.level.finance/liquidity/sell) (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. {% hint style="info" %} [**LVL Yield Staking Tutorial**](https://docs.level.finance/tutorials/yield-staking-tutorials/lvl-yield-staking) {% endhint %} #### 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. {% hint style="info" %} [**LVL Fee Credit Staking Details**](https://newsletter.level.finance/p/trade-free) {% endhint %}