LeverFi, an innovative on-chain leverage trading protocol, recently announced a new staking and participation mechanism through its LeverPro Launchpad. This mechanism aims to provide users with the opportunity to participate in early-stage BRC20 projects through a system called “Golden Tickets.” Participants can earn LVR, a key indicator of governance weight on LeverPro, by staking LEVER tokens. Users holding LVR will enjoy additional privileges on the platform.
LeverFi is a decentralized leverage trading platform that allows traders to trade various assets, such as BTC, ETH, Curve-LP, and Uni-LP, with leverage of up to 10x. It not only provides users with the opportunity to profit from price changes through leveraged trading but also allows them to earn rewards by depositing collateral into farming protocols, offering the advantages of both yield farming and leveraged trading.
The new staking and participation mechanism offered by LeverPro Launchpad provides unique opportunities for users seeking to participate in high-potential BRC20 projects. By staking LEVER tokens, users can not only support the launch of these innovative projects but also receive “Golden Tickets.” These tickets symbolize early trust and support for the projects and serve as exclusive passes to participate in Initial Issuance Offerings (IIO) and Initial Dex Offerings (IDO), allowing users to be part of the value discovery process in the early stages of the projects.
LVR tokens play a crucial role in measuring user governance weight on LeverPro. The LVR earned through staking LEVER tokens represents contributions to the platform and provides users with additional privileges and benefits. Top LVR holders will enjoy guarantees or preferential allocations of Golden Tickets, ensuring that the most active and supportive users on the platform receive corresponding rewards.
The distribution mechanism of Golden Tickets on LeverPro Launchpad aims to fairly reward different members of the community. The top 100 LVR holders, known as LVR VVIP, are guaranteed to receive 100 Golden Tickets, while LVR VIP holders ranked 101 to 300 have the opportunity to receive 180 tickets, ensuring a 90% success participation rate. Additionally, the remaining tickets will be distributed through a lucky draw system to xLEVER stakers, who earn xLEVER tokens through long-term staking of LEVER tokens. This mechanism encourages long-term investment and ensures that all participants, regardless of staking size, have the opportunity to participate in the process.
With the completion of the first LVR staking period, users who participated in staking LEVER tokens have received LVR, indicating the upcoming opportunities brought by the exclusive LVR Launchpad token. This marks an important milestone in the LeverFi ecosystem and provides community members with further opportunities to participate in and influence the platform’s development.
In the LeverFi ecosystem, LEVER token holders can participate in the launch of high-potential projects on LeverPro, seeking close connections with early-stage projects. However, with projects like ORNJ bringing over 1400% returns, the competition for project allocations has become intense. In this context, although the lucky draw system provides opportunities for LEVER stakers to participate, the allocation is not guaranteed.
LVR tokens are particularly important in this environment as they provide LeverPro participants with additional launchpad permissions, including guarantees or priority allocations of “Golden Tickets” and an increase in the allocation cap for new project launches. These privileges ensure that LVR holders can access and participate in new projects on the platform more effectively.
After the completion of the first LVR staking period, users will be able to claim their LVR tokens on LeverPro’s launchpad portal, where the tokens will be issued on the BRC20 network. LeverFi plans to introduce LVR to major exchanges such as Binance and OKEx for trading, increasing LVR liquidity and providing users with more flexibility in deciding how to participate in specific project releases.
LeverFi is not just a platform; it is a commitment to innovation, focusing on providing new opportunities in the decentralized finance space for the rapidly growing Web3 user community. By introducing new products in the BTC ecosystem on its 2024 roadmap, LeverFi demonstrates its ambition to provide unique solutions for decentralized finance. With more details about how LEVER stakers can claim and trade LVR soon to be released, LeverFi continues to make steady progress on its innovative path, bringing more exciting opportunities for its community and users.
LeverFi and Flash Protocol are collaborating to promote the development of Bitcoin asset issuance and decentralized finance ecosystem. Flash Protocol, with Taproot Assets released by Lightning Network, provides a decentralized framework that allows users to issue assets (Taproot Assets) and Taproot NFT on the Bitcoin network, ensuring smooth execution and congestion-free state on the Bitcoin mainnet.
This collaboration covers various aspects, including technical development, joint marketing, token issuance, and ecosystem support, aiming to promote the growth and adoption of Bitcoin-based decentralized finance solutions.
1. Technical collaboration and ecosystem incubation: LeverPro is collaborating with BTC Angel Hub, the first crowdfunding platform under Flash Protocol, which focuses on supporting and incubating high-quality projects based on Taproot assets. LeverPro will provide comprehensive support, including technical assistance, community issuance, financing, marketing, and token issuance, to facilitate the success of these projects.
2. Joint marketing and community interaction: LeverFi and Flash Protocol will jointly conduct a series of marketing activities for product releases and ecosystem plans, including leveraging influencer networks, community updates, and Ask Me Anything (AMA) sessions, to enhance interaction and user participation between the two platforms.
3. Community public sale: LeverPro and Flash Protocol will jointly support the community public sale of tokens to be launched by Flash Protocol, aiming to provide high-quality projects and ensure that community members can genuinely participate and access them.
4. Technical integration: Flash Protocol’s BTC standard will be integrated with LeverPro Launchpad, enabling projects based on Flash Protocol to issue tokens through the LeverPro platform, providing community members with convenient access, discovery, and trading liquidity for projects.
Flash Protocol is a decentralized protocol that allows users to issue assets (Taproot Assets) and Taproot NFT on the Bitcoin network. With FlashVM, a computation engine based on Flash Chain, Flash Protocol aims to achieve BTCFi functionalities such as pledging, exchanging, and lending Bitcoin-native assets. With the support of Taproot Assets released by Lightning Network, Flash Protocol can issue and trade Bitcoin-native assets on the Bitcoin blockchain while ensuring smooth and congestion-free operations on the Bitcoin mainnet.
Through this forward-looking collaboration, LeverFi and Flash Protocol are opening a new chapter in the Bitcoin decentralized finance ecosystem, providing users with more innovative solutions and participation opportunities.
Related Reports:
– TokenGazer Rating | Blockstack (Stacks): No Significant Weaknesses in Technology, Compliance, and Ecosystem Development
– Stacks to Release Nakamoto Version: Can It Ignite Bitcoin Ecosystem Integration Liquidity?