Introduction of Levex

What is Levex?

Levex is a permissionless lending margin trading protocol that enables traders or other applications to long or short on any trading pair on DEXs efficiently and securely.

Key features:

• Margin Trading with Liquidity on DEXs, connecting traders to trade with the most liquid decentralized markets like Uniswap, PancakeSwap, SushiSwap, and more.

• Risk Isolation Lending Pools, having two separated pools for each pair, and different risk and interest rate parameters, allow lenders to invest according to the risk-reward ratio.

• Risk Calculation with Real-time AMM Price, calculating collateral ratio with real-time AMM price for any pair available from a DEX.

• OnDemand Oracle uses TWAP prices provided by the DEX to detect price manipulation and force price updates to make it valid for trading and liquidation.

• LToken is an interest rate-bearing token for each lending pool, allowing the third-party to incentivize their community to provide liquidity into the lending pools into support margin trading for their token pairs.

• LVX Token is the protocol native token, minted by protocol usage, and staked to get rewards and protocol privileges.

• Very intuitive and user-friendly UI design.

Unique Selling Points

• Anyone can create lending pools for any trading pair available on a DEX, with default interest rate and risk parameters, which the community can change via the governance process.

• Lenders can earn higher yields by depositing assets into the lending pools, earning interest from borrowed assets, receiving LVX rewards, or receiving rewards by re-staking LToken to join other projects’ reward programs.

• Traders can borrow and leverage trade with hundreds of pairs from DEX with a one-click transaction.

• Projects can integrate with the Levex to facilitate leverage trading on specific trading pairs by integrating LToken.

• Liquidators can trigger liquidations to earn rewards if the trade’s collateral ratio falls below the market limit.

Project Vision

The founding team of Levex came from financial securities trading and crypto backgrounds. They are experienced entrepreneurs and specialists with many years of experience in derivatives trading and risk management and building blockchain-based financial systems.

The idea of the project was born from the perceived potential and limitations of trading cryptocurrencies. There is a lot of DeFi growth intertwined with the permissionless nature of finance. While the premise of decentralized finance sounds alluring, users find it challenging to find permissionless markets when looking for leverage trading. Current decentralized leverage trading protocols provide limited pairs and market depth and cannot scale to meet demand from rapid market development. The need exists for a secure and permissionless leverage trading facility that serves the fast-growing DeFi market.

Levex wants to enhance the trading experience for the user. The team envisioned building a permissionless lending and margin trading protocol with aggregated DEX liquidity, which would enable traders to long and short any trading pair on DEXs efficiently and securely.

For the long term, Levex aims to build a decentralized crypto securities service to retail and institutional clients, providing decentralized lending, derivatives trading, and asset management infrastructure, which integrates with the global DeFi ecosystem.