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About LeverFi
Key Points
- LeverFi is a decentralized leverage trading platform, rebranded from RAMP DEFI in March 2022.
- The platform allows users to trade and yield farm simultaneously, with lenders earning interest from traders who borrow to leverage trade up to 10X.
- LeverFi aims to bridge Ethereum and EVM-compatible chains like BNB Chain, Avalanche, Polygon, Arbitrum, and Optimism.
Founders
- LeverFi was founded by Lawrence Lim and Loh Zheng Rong in 2019.
- Lawrence Lim has a background in traditional finance and crypto, while Loh Zheng Rong has a finance degree and
About LeverFi: Empowering a New Era of Decentralized Finance
LeverFI: A Revolutionary DeFi Platform
LeverFi, formerly known as RAMP DEFI, is a decentralized leverage trading platform that has undergone a transformative rebranding in March 2022. This strategic move was prompted by the increasingly volatile DeFi market, with the team seeking to address pressing concerns such as the lack of sustainable Total Value Locked (TVL) and utility in the current decentralized finance landscape.
The visionary team behind LeverFi aspires to craft a pioneering product that delivers value by seamlessly integrating trading and yield farming capabilities. Lenders deposit funds into lending pools, earning interest from traders who borrow to leverage trade up to 10X. Meanwhile, any unused liquidity from lenders is strategically redeployed into other DeFi protocols to generate additional yield.
LeverFi aspires to function as a conduit, seamlessly connecting the Ethereum ecosystem with a multitude of EVM-compatible chains, including but not limited to BNB Chain, Avalanche, Polygon, Arbitrum, Optimism, and beyond.
The Visionary Founders Behind LeverFi
In 2019, the Singapore-based RAMP DEFI project was co-founded by Lawrence Lim and Loh Zheng Rong. Following a successful rebranding effort, the duo launched LeverFi three years later. With a career spanning back to 2012, co-founder Lawrence Lim initially navigated the traditional finance realm, holding positions in private banking and corporate mergers and acquisitions before making a pivotal transition into the crypto sphere with IOST, a pioneering blockchain network.
Loh Zheng Rong, co-founder and marketing lead of the project, holds a B.B.A. in Finance and Wealth Management from Singapore Management University. Notably, he co-founded NOX, a blockchain infrastructure company, in 2018, and previously held the position of managing partner at Merkle Ventures.
Unveiling the Unparalleled Advantages of LeverFi
At its core, LeverFi’s mission is to pioneer a groundbreaking solution for traders, seamlessly merging trading and farming capabilities within a unified platform.
Users can deposit single assets, including Bitcoin, Ethereum, Curve liquidity provider tokens (LP), and Uniswap LP, as collateral, which can then be unified to facilitate trading with larger positions.
The platform also caters to users engaging in pair trading or hedging strategies that involve leverage, while simultaneously facilitating seamless integration with DEX/CEX derivatives.
LeverFi imposes a 1% trade fee on every transaction. Notably, the platform channels trades through existing DeFi protocols and decentralized exchanges. For example, when a user takes a long position on an asset, LeverFi procures the asset on a liquid secondary market via decentralized exchanges (DEXs). By doing so, LeverFi avoids acting as a counterparty to its users, thereby sidestepping the inherent conflict of interest associated with “player versus player” (PvP) behavior.
The Circulating Supply of LEVER Coins: A Closer Look
The LEVER token serves as a governance token, boasting a capped supply of 35 billion tokens. By locking up LEVER tokens for a period ranging from 6 to 48 months, users can participate in the governance of the protocol. Each token confers one vote, empowering users to oversee crucial decisions regarding the addition or removal of collateral, lending pools, tradable assets, and other pertinent matters.
The LEVER Network’s Robust Security Framework: A Comprehensive Overview
LeverFi is an Ethereum-based platform, leveraging the robust foundation of the Ethereum network. Currently, Ethereum’s security is ensured by the Ethash proof-of-work (PoW) consensus mechanism. However, a significant upgrade is on the horizon, with the Ethereum Merge slated to take place on September 19, 2022. This pivotal transition will see Ethereum shift towards a more environmentally friendly and energy-efficient proof-of-stake (PoS) consensus mechanism.
LEVER Trading: Anticipated Launch Timeline
The tokenswap between LeverFI and RAMP, initially slated to commence in June 2022, has now been underway, with trading already having begun by the time of this writing in early August 2022.
Will LEVER Soar to $1?
Four days subsequent to the Lever token’s inception, it reached an all-time high (ATH) of $0.0053. However, since then, the token has experienced a precipitous decline in value, despite witnessing a 15% surge in price following a Binance AMA promotion at the end of July 2022. If LeverFi successfully executes its roadmap and continues to attract a sizable user base to its platform, the protocol rewards would likely accrue to the LEVER token, rendering it an attractive holding. On the other hand, due to the substantial circulating supply, a compelling argument can be made that LeverFi is unlikely to reach the $1 milestone.
Acquiring LEVER: A Comprehensive Guide to Exchanges and Marketplaces
You can acquire LEVER on prominent centralized exchanges, including Binance, Gate.io, MEXC, Tokocrypto, Bitrue, Pionex, BKEX, Mandala Exchange, Hotcoin Global, BingX, and CoinEx.
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