Game of Referrals

LEVEL Weekly: Issue 8

Greetings, Leveller!

Welcome to the eighth edition of our weekly 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

  • Governance updates

  • Platform metrics & stats

  • Market Watch

  • Community highlights

  • Upcoming events

Developers Corner

Week 10th July - 17th July 2023

Last week our heads were down as work drove ahead on the LVL Omni-staking contract, which will allow users to stake LVL and earn yield from both BNB chain and Arbitrum.

Steps were also made to further integrate our Treasury data to DefiLlama to ensure that everyone has access to the most up-to-date metrics.

On Monday 17th July, we also launched our new Referral program UI!
This new UI is released along with major adjustments to the tier discounts and rebates for traders and referrers. Check out more information on this below.

Week ahead plans

• Continuing to test LVL Omni-Staking contract.
• NFT groundwork

Updates & Announcements

Omni-chain Referral Program Adjustments

Two weeks ago, our Omni-chain Referrals went live, which enables referrers to passively earn LVL from their referred traders in a chain agnostic way. A trader can trade on both Arbitrum and BNB chain with rebates and discounts still distributed as normal.

This week, we launched a UI overhaul and introduced changes to the way that the referral system works at its core.

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.

Tier Adjustments:

Tier 1:

Requires at least:
• 5 Traders
• $2,000 fees paid per week

Whitelisted Referrer
 — Referrer Rebate: 5%
 — Trader Discount: 5%

Regular Referrer
 — Referrer Rebate: 2%
 — Trader Discount: 2%

Tier 2:

Requires at least:
• 15 Traders
• $10,000 fees paid per week

Whitelisted Referrer
 — Referrer Rebate: 7%
 — Trader Discount: 7%

Regular Referrer
 — Referrer Rebate: 3%
 — Trader Discount: 3%

Tier 3:

Requires at least:
• 30 Traders
• $50,000 fees paid per week

Whitelisted Referrer
 — Referrer Rebate: 12%
 — Trader Discount: 9%

Regular Referrer
 — Referrer Rebate: 5%
 — Trader Discount: 3%

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 Governance proposals have been made through the last week, but expect a new one to be announced very soon!

Platform Metrics & Stats

BNB Chain & Arbitrum

Market Watch

In crypto markets, Bitcoin miners are offloading large volumes onto exchanges, potentially indicating de-risking strategies. Bitcoin mining difficulty has reached an all-time high, showing increased network robustness. On-chain movements of Bitcoin indicate a transfer of supply from long-term to short-term holders, signaling a bullish market stage.

BTC has been oscillating within a narrow range, with short liquidations occurring during a spike to nearly $32,000.

XRP coin surges after judge delivers a huge win to Ripple in SEC case. The news gave hope to crypto investors, who breathed a sigh of relief that other altcoins also may not be considered securities after all. Besides that, in various mainstream news, BlackRock's Bitcoin ETF application raises privacy concerns, and CBDCs are gaining momentum.

In the US economy, while there are signs of improvement such as increased small business optimism, challenges persist including inflationary pressures in housing and cautious consumer borrowing. The latest CPI report showed moderating headline inflation, but core inflation remains elevated. Producer Price Index data suggests a potential easing of inflationary pressure in the future.

Community Highlights

Selection of notable tweets about Level

Upcoming Events

We have a HUGE live AMA event in the works for the end of July that you are not going to want to miss out on!

We cannot reveal details just yet, but keep a look out on our socials for announcements…

📢 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!