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Unleashing Chains, Amplifying Gains

Unleashing Chains, Amplifying Gains

LEVEL Weekly : Issue 3

Greetings, Leveller!

Welcome to the third edition of our weekly newsletter.

It may seem quiet at the moment, but large strides have been made with LEVEL, and we are extremely excited about the next few weeks!

Glad to have you with us!

In this issue

Developers corner
Platform updates & announcements
Governance updates
Platform metrics & stats
Market Watch
Community highlights
Upcoming events

Developers Corner

🛠️ What development has taken place in the last 7 days? Let’s take a look.

Week 5th June - 12th June 2023

Over the past week, our primary activity has been testing our production trading contracts and infrastructure, using liquidity provided by our team.

Week ahead plans:

Official launch of Level Trading features on Arbitrum
Preparation of incentives contract for Liquidity Providers and Traders
Preparation for Auctions on Arbitrum
Deep-dive discussion on NFT design
Preparing contracts and proposal for lock-and-boost staking

Eagle-eyed community members noticed some of the behind the scenes work 👀

Keep your eyes peeled for the launch announcement!

Updates & Announcements

LEVEL hit a huge milestone of 30,000 total users over the last week!

Earlier in the week, we announced that the LEVEL Socket Bridge is live on the platform. This feature allows users to swap assets traded on LEVEL Cross chain between BNB Chain and Abritrum.

Check out the socket bridge here!

This feature is powered by Socket.

Further expanding on our Omnichain vision, we have teamed up with our friends at @SocketDotTech to bring LEVEL users simple cross-chain swaps.
Seamlessly Swap & bridge assets between Arbitrum & BNB Chain with our Socket Bridge.
👉 https://bridge.level.finance/socket/twitter.com/i/web/status/1…/
— LEVEL Finance #RealYield (@Level__Finance)
Jun 7, 2023

LevelUp group

To further deepen ties with our beloved community of traders and holders, we have created the LevelUp group. This is a curated group exclusively for the top traders / users of LEVEL.

The form to apply is still open, so if you’re interested, lets hear from you!

Fill out this Google form to apply.

Governance Updates

No Governance proposals have been made through the last week, but expect a new one to be announced very soon!

Be sure that we will keep you posted.

Platform Metrics & Stats

Find more LEVEL stats here: https://dune.com/levelfinance/overview

Market Watch

₄

Community Highlights

Selection of notable tweets from our community

$LVL is again printing fees:
➡️Over $530k in the last 24h📊
The last time it was this high was on the 14th of April, around $USDC depeg.
$GMX is also printing fees:
➡️Over $650k in the last 24h📊
$GNS back in the game with $167k
Volatility is needed for Perp DEXs to thrive
— Crypto Gideon🦇🔊 (@CryptoGideon_)
Jun 11, 2023

The Updatoooor!
👉 Liquidity Bootstrap Campaign continues (ends Aug 1st) - stack that $esSTEADY!
👉 Launched 8 new @CamelotDEX vaults.
👉 Live in full on @DefiLlama & @DeB@DeBankDeFi Building in progress: @GMX@GMX_IO& v2, @Level__@Level__Finance/DN Senior Tranche https://
— Steadefi 🔺💙🔶 (@steadefi)
Jun 9, 2023

🔶 @Level__Finance may as well have a season ticket in this series. Just look at the company they're sitting with when looking at fees. Most of the below are household crypto projects sitting in the multi billion mc's. $LVL sits at $35mil mc. Arb expansion close.
— cryptic 🍄 🛸 (@crypticdegen22)
Jun 8, 2023

Excited to announce that Perpy will receive support from @BNBCHAIN through the Kickstart Program!
In our effort to bring Social Trading to BNB Chain users by integrating our partner @Level__Finance, this program will tremendously support our dev team!
Let's build!
— Perpy 🌒 (@PerpyFinance)
Jun 8, 2023

1/🧙🏼‍♂️
Abracadabra is excited to introduce magicLVL, the latest addition to our suite of Magic Autocompounders. ♻️
MagicLVL lets you tap into lucrative yields on @BNBCHAIN and @Level__Finance!🔥👇🏻📖
🔥
— 🧙🏼‍♂️ (@MIM_Spell)
Jun 8, 2023

Upcoming Events

We have a few upcoming spaces and discussions with other projects, check out the list below and mark your calendars!

LEVEL Twitter spaces with LayerZero - Tuesday Jun 13th - 4PM UTC

Live Spaces with friends Wombex Finance & Perpy Finance - Thursday June 22nd, 4:30PM UTC

Twitter spaces with TraderJoe - (Date TBD)

Twitter spaces with Dynamo Defi + guest projects (Date TBD)

The next LEVEL official Spaces AMA will be hosted around 24th-25th June

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

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.