LVL Utility Token
LVL is the protocol utility token of the LEVEL ecosystem.
- Ticker: LVL
- Max Supply: 50,000,000
- Distribution: Fully under the control of the LEVEL DAO
- BNB Chain: PancakeSwap LVL/BNB LP: 0x70f16782010fa7ddf032a6aacdeed05ac6b0bc85 PancakeSwap LVL/USDT LP: 0x77E4ba48091f23a8a54b3e2c72F17be58cC2D137
- Arbitrum: PancakeSwap LVL/USDT LP: PancakeSwap LVL/ETH LP: 0xD58522653D3F368D76d453Bc4C80CD7Fb36AC786 Trader Joe LVL/USDT LP: 0xc11cFF8A44853A5B3F24a7F4B817E6e64fbEBA2a
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% |
- 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) will occur 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.
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.
Fixed Emissions
BNB Chain - Allocation | per day |
|---|---|
Senior Tranche | 250 preLVL |
Mezzanine Tranche | 500 preLVL |
Junior Tranche | 500 preLVL |
Total Liquidity Incentives | 1,250 preLVL |
Arbitrum - Allocation | per day |
|---|---|
Senior Tranche | 250 preLVL |
Mezzanine Tranche | 500 preLVL |
Junior Tranche | 500 preLVL |
Total Liquidity Incentives | 1,250 preLVL |
Variable Emissions
BNB Chain - Allocation | per day |
|---|---|
Trading Incentives (Loyalty Program + Ladder) | minimum 5,000 preLVL (up to 15,000 preLVL) |
Referral Program | Referral tier and volume-dependent |
Total Program Incentives | minimum 5,000 preLVL (up to 15,000 preLVL)
+ Referral Program |
Arbitrum - Allocation | per day |
|---|---|
Trading Incentives (Loyalty Program + Ladder) | minimum 5,000 preLVL (up to 15,000 preLVL) |
Referral Program | Referral tier and volume-dependent |
Total Program Incentives | minimum 5,000 preLVL (up to 15,000 preLVL)
+ Referral Program |
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.
- 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
- Date: 9th Jan 2023
- Deal Size: $100,000
- LVL Amount: 1,000,000 LVL
- LVL Price: $0.1
- Term Length: 12-month lock up
- 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
- 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
- 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
- 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
There are currently 2 venues to stake your LVL tokens with varying benefits to suit multiple stakeholders.
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.
Entering this pool comes with a 0.4% staking fee in LVL, which is immediately burned. This mechanism was instated to protect stakers from being front-ran by large investors in LGO auctions. This was proposed and voted on in LIP#14.
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.
Entering this pool comes with a 0.4% staking fee in LVL, which is immediately burned. This mechanism was instated as an anti-recycling measure due to the Ladder incentive program. This was proposed and voted on in LIP#16.
Last modified 7d ago