Bonding Activates

LEVEL: Issue 13

Greetings, Leveller!

Welcome to the thirteenth edition of our LEVEL newsletter, your one-stop source for all things related to our platform.

Sit back, and dive into the latest happenings at LEVEL. Don't forget to subscribe to receive this newsletter straight to your inbox!

In this issue

  • Developers Corner

  • Platform Updates & Announcements

  • Partnership Spotlight

  • Governance Updates

  • Platform Metrics & Stats

  • Market Watch

  • Community Highlights

  • Upcoming Events

Developers Corner

Week ahead plans

  • Optimize new LVL Bonding mechanism

Updates & Announcements

LVL Bonding Mechanism: Farm Migration

As laid out in the previous DAO proposal: A closer bond with LVL

Launch Timeline:

  • Farms: Aug 30 - 2PM UTC

  • Loyalty: Aug 31 - 2PM UTC

  • Referral: Sep 04 - 2PM UTC

  • Ladder: Sep 06 - 2PM UTC

All users will need to manually migrate to the new farms.

Loyalty Rewards will be updated from LVL into preLVL.

New PancakeSwap Farm on Arbitrum

LVL-ETH v3 LP has recently been launched along with a new LVL-USDT farm on BNB Chain.

Stake your LVL liquidity to earn some tasty CAKE


A fully detailed article surrounding LEVEL 2.0 in its entirety will be released in due course.

Weekly LVL Burn

Period: August 23th - August 30th

Total fees: $215,750

Fees to DAO: $64,725

Burned: 51,348 LVL

Total LVL burned: 1,137,997 LVL

Omni-chain Referral Program

Users are now able to track their progress with the referral tiers, and easily see how much in fees their traders are generating, along with how much LVL they are passively earning.

To support the organic growth of LEVEL, Users are now also able to apply for the WHITELIST. This Whitelist allows referrers to access higher rebate and discount rates than basic referrers. This feature has been introduced to help to reduce the amount of self-referring that typically takes place on Decentralised Exchanges.

To get started with the referral program and start passively earning LVL, follow these instructions:

  1. Connect to

  2. Click “Get Your Referral Link” to generate your own.

  3. Share the link to your friends!

  4. Earn up to 12% regular passive LVL from your active traders!

Governance Updates

No proposals have been released in the last week.

Partnership Spotlight

Perpy is a Copy Trading protocol built on top of Level Finance allowing traders to monetize their trading skills and investors to get a trading revenue without trading.

Many users who are interested in trading and investing in crypto are not professional traders. On the other hand, many professional traders with good trading skills don’t have access to a simple venue to launch a fund.

Perpy allows traders to create their decentralized investment fund in a few clicks, manage their trades in a simple and secure way and set their performance fees. They can promote their vault on social networks, quickly gain exposure and attract more TVL.

In the meantime, investors get a crypto trading revenue stream without trading at all.

Perpy is an opportunity to make profits in a win-win manner for traders and their investors.

Our goal is to revolutionize Copy Trading on Perpetuals and tackle their current flaws:

Current Copy Trading solutions are mostly custodial and opaque, hosted on CEXs. You never know if the performances shown are true and if the platform is front-running your trades. Decentralized platforms exist but have a lot of user friction, like fundraising period, single asset, single trade, funds lockup and a need to re-enter a vault after a trade is closed.

What Perpy brings:

  • Decentralized, permissionless and non-custodial. Anyone can trade and invest with Perpy without KYC and keep full custody over their funds.

  • Fully on-chain: From creating your first vault to investing in someone else’s vault, you can track everything happening on-chain. No hidden fees, no fake performance, all traders' metrics and performance are fully transparent.

  • Trade multiple assets, take different positions in one single vault, set multiple take profit and stop loss to accommodate your trading strategy.

  • Traders have only access to the investors' funds to trade with them. They can’t withdraw them from the vault.

  • Traders can choose their performance fee between 10% and 50%.

Perpy’s latest protocol upgrade, Spectra, is now live. To access the closed beta see the below tweet:

Platform Metrics & Stats

BNB Chain & Arbitrum

Market Watch

This week, the crypto market witnessed a mild slump with BTC, ETH, and BNB registering slight dips in their prices. Analytical service IntoTheBlock revealed significant BTC accumulations by whales, possibly in anticipation of the potential SEC approval of a Bitcoin spot ETF and the upcoming Bitcoin halving event in April 2024. In legislative moves, California's latest iteration of the “Digital Financial Asset Law,” coded AB39, stirs debate, mirroring criticisms its predecessor faced in 2022. Notably, Grayscale achieved a significant win against the SEC as a court directed a reconsideration of GBTC's ETF conversion bid, suggesting a potential shift in the cryptocurrency ETF landscape. Meanwhile, in Japan, the EOS token secured whitelist approval, signaling the nation's growing inclination towards Web3 and digital advancements.

Community Highlights

Selection of notable tweets about Level

Recent Events

TimeSwap joined us on our spaces to discuss their recently announced integration with LEVEL.

We joined Arbitrum for a chat about the future of LEVEL, and more details on the LEVEL 2.0 plans ahead.

📢 All upcoming AMAs & Spaces will be announced across Twitter and our other social media channels (as well as in this newsletter), so keep your eyes peeled!


LEVEL is the Omnichain Perpetual DEX, enabling fully permissionless, on-chain and non-custodial trading with up to 50x leverage.

At LEVEL, we provide cutting-edge risk management solutions for liquidity providers, allowing you to choose your preferred level of risk and asset exposure. All income generated from trading fees is distributed in the form of real yield to LEVEL stakeholders.

Useful Links

Thanks for reading, and we will see you next week for more updates and news on LEVEL!