Lever Network: The platform that bridges the gap between lending protocols and DEXs

The platform offers deeper liquidity and better asset utilization

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Lever Network is a platform developed to bridge the gap between lending protocols and decentralized exchanges (DEX), increasing capital efficiency in Decentralized Finance (DeFi).

In itself, it is an open source margin trading network where you can lend, borrow and perform leveraged trades to buy an asset long, or sell short in one place.

For lenders / borrowers, it is an ideal place to lend their dormant crypto assets (including their certificates of deposit from other lending protocols) to earn interest or use them as collateral to obtain loans.

And for traders, after making a margin deposit in the margin pool, you will be able to open long or short positions on a Lever-backed asset with up to 3X leverage.

The platform uses an external automated market maker (AMM), such as Uniswap , to provide a surplus of liquidity for margin traders to open positions of any size.

What does Lever offer?

Lever Network offers a number of unique features, which come to solve various problems in the industry. Among them are:

Quick and convenient negotiation: loan and negotiation are seamlessly integrated into Lever.

Merchants can easily borrow and exchange assets in one place. The network also offers a visualized operating interface for position management.

High Capital Efficiency: In addition to native tokens, lenders can deposit AAVE’s aTokens and composite cTokens, to earn additional interest in Lever.

This makes double interest possible, as lenders can first deposit their assets in AAVE / Compound and then use the aTokens / cTokens they receive to redeposit to Lever.

Furthermore, these tokens can also be used as collateral to obtain loans.

Margin trading and huge liquidity: Thanks to Lever’s powerful margin group, traders can easily open leveraged positions to a long or short asset.

Similarly, WBTC and ETH, many DeFi and ERC20 assets like SNX, UNI and AAVE can now be shortened at Lever.

Additionally, by relying on AMMs like Uniswap, Lever can provide sufficient liquidity and reduce slippage for positions of any size.

Who is behind the Lever Network?

The core team members were from one of the world’s premier fintech companies, averaging three years of experience in blockchain development.

Previous team products include:

  • A loan protocol with TVL of USD 100 million and 0 security incidents.
  • A dAPP with the highest transaction volume on TRON.
  • A Bitmain-funded NFT sandbox game with over 10,000 active users.

So you can test the Lever Network platform

Just a week away from its IDO (Initial Offer on DEX) and the soon official mainnet launch, it is possible to test the Beta version of Lever.

To do this, you just have to follow these simple steps:

  1. From your PC, change your network to Ropsten Test Network in Metamask.
  2. Get a trial cryptocurrency from the ETH faucet: https://faucet.ropsten.be/. To do this, you just have to enter the ETH address and wait for the faucet token to be sent to your address.
  3. Connect to the Lever Testnet application by clicking the “Connect to wallet” button in the upper right corner. This Beta version does not correspond to the real market price, because it runs on Ropsten Testnet.
  4. Deposit an asset as collateral by clicking the deposit button. And from there, you will be redirected to the deposit page, where you can deposit backed assets.
  5. After you have deposited any collateral, go to the dashboard and open the position.
  6. You can close your position by clicking the “Close” position button on the panel and you will be redirected to this page.
  7. Clever! You have successfully closed your position and completed the trade.

The initial sale at Dao Maker

Lever Network announced the public sale of its LEV token through DAO Maker, a launch pad for token sales.

The news came just days after the platform reported the successful completion of its $ 600,000 seed funding round, led by NGC Venture, ArkStream Capital, LD Capital and AU21 Capital, along with contributions from DAOMaker, YBB, DFG. and other top venture capitalists in the field.

The funds raised from the seed round will be committed to the continued growth and expansion of the Lever Network protocol and its ecosystem on the Ethereum blockchain, Binance Smart Chain, and other public chains in the future.

Registration for public sale is open from 3/5/2021 at 12:00 UTC. Interested participants can contact the DAO Maker website and participate in offering strong holder (SHO).

Lever Network will announce the total sales allowance and personal allowance details soon.

Why shouldn’t you miss out on this SHO by Lever?

While there are many whitepaper projects, the Lever Network has been running its Testnet and bug bounty programs for a while.

They are way ahead of their competitors in terms of product and also have the advantage of being the first to move.

With a strong product offering and attractive benefits for merchants, Lever is well poised to become a leader in the DeFi ecosystem.

For more information about Lever Network and its SHO in DaoMaker you can join their social networks and visit their website.

Visit Lever.Network.

Website: https://lever.network/

Twitter: https://twitter.com/LeverNetwork

TELEGRAM: https://t.me/LeverNetwork

Medium: https://levernetwork.medium.com/


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Disclaimer:  This press release is for informational purposes only, the information does not constitute investment advice or an offer to invest. The opinions expressed in this article are those of the author and do not necessarily represent the views of CriptomonedaseICO and should not be attributed to CriptomonedaseICO.


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This post is also available in: Español (Spanish) Русский (Russian)

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