LEVEL Up: Celebrating $20 Billion and Beyond!

In this issue

• Developers Corner

• Platform updates & announcements

• Governance updates

• Platform metrics & stats

• Market Watch

• Community highlights

• Upcoming events

Developers Corner

Over the last week, We released the omni-chain referral system. We focused on the omni-chain staking features to allow users to stake for yield from any chain.

We began writing code for a new LVL vesting mechanism to further improve the sustainability of the incentives mechanism.

• Omni-chain staking implementation begins.

• Level Rewards revamp: Bonding mechanism.

• Integrating Terminal and LLP tracker for Arbitrum.

Updates & Announcements

Over the last week, LEVEL smashed an incredible milestone of $20 Billion Total Trading Volume, and we would like to extend our thanks to our amazing community and supporters for helping us achieve this in such a short amount of time since launch.

Omni-chain Referral Program

The Omni-chain referral program is now live! As mentioned above, users can now receive referral rewards on BNB Chain and Arbitrum.

Here is how you can get started with the referral program and start passively earning LVL!

1. Connect to Level.finance

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

   

3. Share the link to your friends!

4. Earn up to 15% regular passive income 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!

Check out our Governance forum to see what our community suggestions for new proposals.

Platform Metrics & Stats

BNB Chain & Arbitrum

LEVEL BNB Chain & Arbitrum All-in-One - Dune

Market Watch

Last week, we noted a series of Bitcoin ETFs that have been announced. Re-filing of spot Bitcoin ETF applications has been undertaken by Fidelity, WisdomTree, VanEck, and Invesco/Galaxy, post their initial review by the SEC, with Coinbase identified as the exchange in the updated filing. The remaining question is — when will the ETFs be live?

Indications for Bitcoin trend decidedly towards optimism. The enduring supply of Bitcoin has reached unprecedented heights against this backdrop, with data from Ark Invest showing around 70 percent of the current Bitcoin supply has remained untouched for at least a year. This signals a solidifying base of holders and a demonstration of trust from long-term Bitcoin investors.

The macroeconomics keep signaling a mixed picture for the economy, leading to uncertain inflation expectations. The manufacturing sector in the US is persistently facing a downturn, with layoffs on the rise and overall contraction. In contrast, the construction industry has seen a steady expansion, facilitated by amplified spending from both public and private sectors. Similarly, the service sector continues to flourish, with an influx of new orders propelling the ISM's business conditions index to a healthy 53.9 percent, surpassing expectations and clearly into the zone of expansion.

This state of affairs brings about ambiguity regarding inflation and predictions for potential rate changes in 2024.

Community Highlights

Selection of notable tweets about Level

Recent Events

Sunday July 2nd - LEVEL monthly Spaces

Upcoming Events

Tuesday July 7th 12pm UTC - SuperLauncher “Web3 Founders Chat”

We will be joining a panel of Web3 founders to discuss challenges faced, onboarding users, and much more!

About LEVEL

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

• App: level.finance

• Github: github.com/level-fi

• Documentation: docs.level.finance

• Twitter: twitter.com/level__finance

• Discord: discord.gg/levelfinance

• Telegram: t.me/LevelFinance

• Medium: level-finance.medium.com

• Governance Forum: forum.level.finance

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