Stories by LeverFi on Medium


<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*lmMdYlcdco3FJetzByUfww.png"></figure><p>Dear LeverFi community, following the soft beta release of the LeverFi platform, we have engaged with early users who shared their feedback on the protocol after using.</p>
<p>We are happy to share that we are incorporating part of this product feedback to improve the LeverFi platform functionalities, and enhance users’ experience.</p>
<p><strong>The following features will be prioritized for development in Q1 2023:</strong></p>
<ul>
<li>Buy/sell limit orders</li>
<li>Automated leveraged accumulator vaults</li>
<li>Automated grid trading vaults</li>
</ul>
<p>The above features are expected to substantially improve and enhance user experiences, reducing the need for high-touch active management and allowing users to participate in automated dollar-cost-averaging or range trading strategies.</p>
<p>Automated vaults also have the added benefit of socializing gas fees across a pool of participants, resulting in net gas savings.</p>
<p>As the protocol undergoes the upgrades,<strong> the Trader Incentives Program shall take a pause</strong>, while the platform’s functionalities are being developed. Trade Months 2 and 3 will no longer take place for the Trader Incentives Program. The program will be relaunched at a later stage, once the new developments are ready, to onboard new users.</p>
<p>The above represents a small part of the protocol’s 2023 roadmap. With new exciting initiatives and developments upcoming, we are excited to present a refreshed 2023 development timeline for our community within this month!</p>
<h3>About LeverFi</h3>
<p><a href="https://www.leverfi.io/">LeverFi</a> is the <strong>first</strong> on-chain, cross-margin platform on Ethereum, offering DeFi users a best-in-class leveraged trading platform.</p>
<p>Join us as we usher in the latest improvements to the existing DeFi infrastructure, reduced user friction, and enhanced security for our users.</p>
<p>Never miss an update about our latest platform developments; check out our socials:</p>
<ul>
<li>Trade now: <a href="https://app.leverfi.io/">https://app.leverfi.io</a>
</li>
<li>Follow us on Twitter to learn more: <a href="https://twitter.com/leverfi">https://twitter.com/leverfi</a>
</li>
<li>Visit our website to learn about LeverFi: <a href="https://www.leverfi.io/">https://www.leverfi.io</a>
</li>
<li>Follow our blog for product updates &amp; DeFi insights: <a href="https://medium.com/leverfi">https://medium.com/leverfi</a>
</li>
<li>Learn about the LeverFi product design: <a href="https://docs.leverfi.io/">https://docs.leverfi.io</a>
</li>
<li>Join our fast-growing community of DeFi enthusiasts on our official <a href="https://t.me/LeverFi">Telegram</a> channel.</li>
</ul>
<img src="https://medium.com/_/stat?event=post.clientViewed&amp;referrerSource=full_rss&amp;postId=30d0948407df" width="1" height="1" alt=""><hr>
<p><a href="https://medium.com/leverfi/protocol-upgrades-new-features-development-and-trader-incentives-program-adjustment-30d0948407df">Protocol Upgrades: New Features Development and Trader Incentives Program Adjustment</a> was originally published in <a href="https://medium.com/leverfi">LeverFi</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>


Protocol Upgrades: New Features Development and Trader Incentives Program Adjustment


<h3>Trader Incentives Program Is Live: 60,000 USDC Up For Grabs!</h3>
<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*uLAtA4eoBe8p17WAcAaBfw.png"><figcaption><strong>Trade Now at </strong><a href="http://app.leverfi.io/">app.leverfi.io</a></figcaption></figure><p>Dear LeverFi users and community, the Trader Incentives Program has <strong>officially started </strong>on 13 Dec 2022 at 08:00 UTC!</p>
<p>LeverFi traders using the <a href="https://app.leverfi.io/">platform</a> can share in the <strong>USD 60,000</strong> Reward Pool.</p>
<blockquote>What will you be trading to win your share? Let us know on Twitter by using the #LeverFi hashtag, and tag the <a href="https://twitter.com/LeverFi">LeverFi official account</a>!</blockquote>
<p>For new users looking to trade on LeverFi, check out our <a href="https://docs.leverfi.io/user-guides/traders-deposit-and-trade">Traders guide</a> to get started.</p>
<p>For those who missed our previous announcement, check out the program article for key details that you need to know:</p>
<p><a href="https://medium.com/leverfi/trader-incentives-program-share-60-000-usdc-of-rewards-leverfi-44f1a0fd179e">Trader Incentives Program Article</a></p>
<p><strong>Trade Now: </strong><a href="http://app.leverfi.io/">app.leverfi.io</a></p>
<h3>About LeverFi</h3>
<p><a href="https://www.leverfi.io/">LeverFi</a> is the <strong>first</strong> on-chain, cross-margin platform on Ethereum, offering DeFi users a best-in-class leveraged trading platform.</p>
<p>Join us as we usher in the latest improvements to the existing DeFi infrastructure, reduced user friction, and enhanced security for our users.</p>
<p>Never miss an update about our latest platform developments; check out our socials:</p>
<ul>
<li>Follow us on Twitter to learn more: <a href="https://twitter.com/leverfi">https://twitter.com/leverfi</a>
</li>
<li>Visit our website to learn about LeverFi: <a href="https://www.leverfi.io/">https://www.leverfi.io</a>
</li>
<li>Follow our blog for product updates &amp; DeFi insights: <a href="https://medium.com/leverfi">https://medium.com/leverfi</a>
</li>
<li>Learn about the LeverFi product design: <a href="https://docs.leverfi.io/">https://docs.leverfi.io</a>
</li>
<li>Join our fast-growing community of DeFi enthusiasts on our official <a href="https://t.me/LeverFi">Telegram</a> channel.</li>
</ul>
<img src="https://medium.com/_/stat?event=post.clientViewed&amp;referrerSource=full_rss&amp;postId=5a497496494e" width="1" height="1" alt=""><hr>
<p><a href="https://medium.com/leverfi/trader-incentives-program-is-live-60-000-usdc-up-for-grabs-leverfi-5a497496494e">Trader Incentives Program Is Live: 60,000 USDC Up For Grabs! | LeverFi</a> was originally published in <a href="https://medium.com/leverfi">LeverFi</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>


Trader Incentives Program Is Live: 60,000 USDC Up For Grabs! | LeverFi


<h3>Trader Incentives Program: Share 60,000 USDC of Rewards!</h3>
<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*zIjnWRHyfQKAXM9Dd3KQWQ.png"><figcaption>Trade now at <a href="https://app.leverfi.io/">app.leverfi.io</a>!</figcaption></figure><p>Calling all crypto traders 📣 Receive a share of the <strong>USD 60,000</strong> Reward Pool by trading on the LeverFi platform!</p>
<p>To celebrate LeverFi’s public beta release, LeverFi is launching a Trader Incentives Program to encourage users to earn lucrative rewards for what they do best; trading!</p>
<h3>Program Summary</h3>
<p><strong>Program Period:</strong> The Trader Incentives Program will run for three months.</p>
<ul>
<li>
<strong>Trade Month 1:</strong> 13 Dec 2022 08:00 UTC to 12 Jan 2023 07:59 UTC</li>
<li>
<strong>̶T̶r̶a̶d̶e̶ ̶M̶o̶n̶t̶h̶ ̶2̶:̶</strong> ̶1̶3̶ ̶J̶a̶n̶ ̶2̶0̶2̶3̶ ̶0̶8̶:̶0̶0̶ ̶U̶T̶C̶ ̶t̶o̶ ̶1̶2̶ ̶F̶e̶b̶ ̶2̶0̶2̶3̶ ̶0̶7̶:̶5̶9̶ ̶U̶T̶C̶</li>
<li>̶<strong>T̶r̶a̶d̶e̶ ̶M̶o̶n̶t̶h̶ ̶3̶:̶</strong> ̶1̶3̶ ̶F̶e̶b̶ ̶2̶0̶2̶3̶ ̶0̶8̶:̶0̶0̶ ̶U̶T̶C̶ ̶t̶o̶ ̶1̶2̶ ̶M̶a̶r̶ ̶2̶0̶2̶3̶ ̶0̶7̶:̶5̶9̶ ̶U̶T̶C̶</li>
</ul>
<p><strong>User Eligibility:</strong> Trade a <strong>minimum of 100 USD</strong> worth within a Trade Month to qualify for the Trade Month’s Reward Pool.</p>
<p><strong>Total Rewards:</strong> 60,000 USDC (20,000 USDC per Trade Month)</p>
<p><strong>Trade Now: </strong><a href="http://app.leverfi.io/">app.leverfi.io</a></p>
<p><strong><em>6 Jan 2023 Update:</em></strong><em> *Program is adjusted to remove Trade Month 2 and 3 to allow for new features development and protocol upgrading before resumption.*</em></p>
<h3>Reward Pool Distribution</h3>
<p>For each Trade Month, qualifying users will be ranked according to their trade volumes. The Monthly Reward Pool shall be shared each month as follow:</p>
<ul>
<li>1st place: 6,000 USDC</li>
<li>2nd place: 3,500 USDC</li>
<li>3rd place: 2,500 USDC</li>
<li>4th place: 1,000 USDC</li>
<li>5th place: 500 USDC</li>
<li>The remaining reward pool of 6,500 USDC shall be shared based on each user’s qualifying trade volume as a proportion of total qualifying trading volumes.</li>
</ul>
<h3>Program Rules</h3>
<ul>
<li>Both buys and sells are counted towards qualifying trade volumes.</li>
<li>Only wallets with trading volumes that result in at least 0.1 USDC of rewards in a Trade Month will be added to the claim list for the rewards pool.</li>
<li>Rewards will be computed and available for claim by qualifying users via smart contract within 14 days after the end of each Trade Month.</li>
<li>LeverFi reserves the right to update, amend or cancel the Trader Incentives Program with a 5-days notice.</li>
<li>LeverFi reserves the right to the final interpretation of the Trader Incentives Program and the right to cancel or amend the program and program rules at our sole discretion.</li>
</ul>
<h3>Risk Warning</h3>
<p>Cryptocurrency trading is subject to high market risk. Please trade cautiously. You are advised that LeverFi is not responsible for your trading losses.</p>
<h3>About LeverFi</h3>
<p><a href="https://www.leverfi.io/">LeverFi</a> is the <strong>first</strong> on-chain, cross-margin platform on Ethereum, offering DeFi users a best-in-class leveraged trading platform.</p>
<p>Join us as we usher in the latest improvements to the existing DeFi infrastructure, reduced user friction, and enhanced security for our users.</p>
<p>Never miss an update about our latest platform developments; check out our socials:</p>
<ul>
<li>Follow us on Twitter to learn more: <a href="https://twitter.com/leverfi">https://twitter.com/leverfi</a>
</li>
<li>Visit our website to learn about LeverFi: <a href="https://www.leverfi.io/">https://www.leverfi.io</a>
</li>
<li>Follow our blog for product updates &amp; DeFi insights: <a href="https://medium.com/leverfi">https://medium.com/leverfi</a>
</li>
<li>Learn about the LeverFi product design: <a href="https://docs.leverfi.io/">https://docs.leverfi.io</a>
</li>
<li>Join our fast-growing community of DeFi enthusiasts on our official <a href="https://t.me/LeverFi">Telegram</a> channel.</li>
</ul>
<img src="https://medium.com/_/stat?event=post.clientViewed&amp;referrerSource=full_rss&amp;postId=44f1a0fd179e" width="1" height="1" alt=""><hr>
<p><a href="https://medium.com/leverfi/trader-incentives-program-share-60-000-usdc-of-rewards-leverfi-44f1a0fd179e">Trader Incentives Program: Share 60,000 USDC of Rewards | LeverFi</a> was originally published in <a href="https://medium.com/leverfi">LeverFi</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>


Trader Incentives Program: Share 60,000 USDC of Rewards | LeverFi


<h3>LeverFi Public Beta is Now Live!</h3>
<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*v9movl1m8TE6qOQRqh_Xsg.png"><figcaption><em>Trade now at </em><a href="https://app.leverfi.io/"><em>app.leverfi.io</em></a><em>.</em></figcaption></figure><h3>LeverFi Public Beta Now Live</h3>
<p>Dear LeverFi users and community, the highly-anticipated LeverFi public beta is now <strong>officially live</strong>!</p>
<p>We are excited and thankful for the support of our users and community so far, while we work to bring the latest DeFi innovations to you.</p>
<p>This public beta platform release is aimed at community users who want to test out the LeverFi platform, explore the platform mechanics, and ask questions if needed. We expect user acquisition / onboarding to take place during the next phase of upcoming growth programs.</p>
<p>The live platform has undergone an extended series of tests, on top of gas optimization works, leading up to our public launch. The smart contracts have also been subjected to multiple layers of security checks and verifications, including audits by leading blockchain security firms Peckshield and Beosin, and the LeverFi Guardian Program.</p>
<h3>Permissionless On-Chain Leveraged Trading</h3>
<p><a href="https://www.leverfi.io/">LeverFi</a> is the <strong>first</strong> on-chain, cross-margin platform on Ethereum, offering DeFi users a best-in-class leveraged trading platform. In contrast to centralized exchanges, on-chain DeFi leveraged trading offers users full transparency across trade execution, liquidations and asset holdings.</p>
<h4>Designed For Traders To Maximize Leverage</h4>
<p>Since the LeverFi platform is built with a decentralized smart contract infrastructure, users will experience permissionless leveraged trading without compromising on transparency.</p>
<p>Our first-in-class platform is designed for new and experienced traders alike, allowing traders to <strong>generate yield on trading collateral</strong> while leveraged trading. LeverFi redeploys trading collateral to platforms such as Convex and Aave to earn yield for traders.</p>
<p><strong>Unified collateral</strong> enables cross-margin leveraged trades on top of isolated margin support, allowing users to maximize their trading power. <strong>Flash-crash resistance</strong> and <strong>advanced trading support</strong> allow users to leverage trade confidently and flexibly.</p>
<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*ggTM7A7EBw9t2mWOTqEJOw.png"><figcaption><em>The user-centric interface is designed to be friendly to both newcomers and advanced users.</em></figcaption></figure><h4>Designed For Lenders To Earn Quality Yield</h4>
<p>The LeverFi platform focuses on improving the utility and quality of yield for users. Adopting more sustainable ways of achieving real yields, LeverFi allows users to margin lend to earn interest from traders who borrow to leverage trade.</p>
<p>To ensure proper risk management, trading collateral that suffers from negative trading P&amp;L and falls below a liquidation threshold value is immediately liquidated on-chain to repay Lenders to retain safety of principle.</p>
<p>More information can be found in the <a href="https://docs.leverfi.io/user-guides/platform-parameters">LeverFi Platform Parameters documentation</a>.</p>
<h3>Growth Programs and Ecosystem Expansion</h3>
<p>As hinted in our previous blog post, we have queued a series of user growth programs to scale platform utility. These include two key programs that we would like to highlight:</p>
<h4>Trader Incentives Program</h4>
<ul>
<li>Users who trade BTC and ETH on LeverFi are eligible for incentives based on their respective trade volume rankings.</li>
<li>Rewards are to be distributed in USDC. More information shall be provided in a follow-up article.</li>
</ul>
<h4>Gas Rebates Program</h4>
<ul>
<li>Traders who trade BTC and ETH on LeverFi receive up to 50% rebates on gas spent, subject to transaction caps.</li>
<li>Rewards are to be distributed in LEVER. More information shall be provided in a follow-up article.</li>
</ul>
<p>We aim to have these programs ready by mid-December.</p>
<h4>Multi-Chain Airdrop Program</h4>
<p>In addition to the above user programs, <strong>active LeverFi users</strong> (both Traders and Lenders) on Ethereum are eligible for the upcoming <strong>Multi-Chain Airdrop Program</strong> slated for January 2023.</p>
<p>The LeverFi platform is expected to expand into new and upcoming L1/L2 ecosystems with LeverSwap, a native-chain DEX with leveraged trading capabilities. We expect leveraged trading on LeverSwap increases utilization and yields for LeverSwap’s liquidity pools, which in turn will attract more TVL and liquidity providers, creating a virtuous upwards cycle.</p>
<p>Active <a href="https://www.leverfi.io/">LeverFi</a> users are eligible for participation airdrops in new ecosystem deployments, and multi-chain swap fees are accrued towards the xLEVER governance program expected to be launched in 2023.</p>
<h3>Start Trading Now</h3>
<p>You can <strong>start trading immediately</strong> on the LeverFi platform at <a href="https://app.leverfi.io/"><strong>app.leverfi.io</strong></a><strong>.</strong></p>
<p>We welcome all users to share their feedback and ask questions where needed. Feel free to use the dedicated channels set up in <a href="https://discord.gg/PpXMKJyEsc">our Discord</a>, or reach out to our community managers on our <a href="https://t.me/leverfi">official Telegram</a>.</p>
<p>We are humbled and grateful for the support and vast interest we have received from our community and are powering through to be at the forefront of this evolving DeFi space. Join us as we usher in the latest improvements to the existing DeFi infrastructure, reduced user friction, and enhanced security for our users.</p>
<p>Never miss an update about our latest platform developments; check out our socials:</p>
<ul>
<li>Follow us on Twitter to learn more: <a href="https://twitter.com/leverfi">https://twitter.com/leverfi</a>
</li>
<li>Visit our website to learn about LeverFi: <a href="https://www.leverfi.io/">https://www.leverfi.io</a>
</li>
<li>Follow our blog for product updates &amp; DeFi insights: <a href="https://medium.com/leverfi">https://medium.com/leverfi</a>
</li>
<li>Learn about the LeverFi product design: <a href="https://docs.leverfi.io/">https://docs.leverfi.io</a>
</li>
<li>Join our fast-growing community of DeFi enthusiasts on our official <a href="https://t.me/LeverFi">Telegram</a> channel.</li>
</ul>
<img src="https://medium.com/_/stat?event=post.clientViewed&amp;referrerSource=full_rss&amp;postId=a52a2b7ca21c" width="1" height="1" alt=""><hr>
<p><a href="https://medium.com/leverfi/public-beta-is-now-live-leverfi-a52a2b7ca21c">Public Beta is Now Live! | LeverFi</a> was originally published in <a href="https://medium.com/leverfi">LeverFi</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>


Public Beta is Now Live! | LeverFi


<h3>LeverFi Public Beta Primer</h3>
<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*LORbUmSRp8BL3FeypaUiTQ.png"><figcaption>Check out our <a href="https://www.leverfi.io/">website</a> now!</figcaption></figure><h3>LeverFi Upcoming Public Beta</h3>
<p>Dear <a href="https://www.leverfi.io/">LeverFi</a> users and community, we are happy to share that the public beta of the LeverFi platform is <strong>going live on 1st December 2022</strong>. We once again thank our users and community for your patience, as we wrap up audits and gas optimization works for the platform.</p>
<p>The public beta for LeverFi allows our community users to try and use the LeverFi platform in its entirety and ask questions where required to familiarize users with the platform.</p>
<p>After the public beta rollout, marketing programs will follow shortly to grow the utility of the LeverFi platform.</p>
<h3>Trader Incentives and Gas Rebates Programs</h3>
<p>To onboard new traders and users onto the <a href="https://www.leverfi.io/">LeverFi</a> platform, we are launching two key user programs: namely the (a) Trader Incentives Program, and (b) Gas Rebates Program, in mid-December.</p>
<h4>Trader Incentives Program</h4>
<ul>
<li>Users who trade BTC and ETH on LeverFi are eligible for incentives based on their respective trade volume rankings.</li>
<li>Rewards are to be distributed in USDC. More information shall be provided in a follow-up article.</li>
</ul>
<h4>Gas Rebates Program</h4>
<ul>
<li>Traders who trade BTC and ETH on LeverFi receive up to 50% rebates on gas spent, subject to transaction caps.</li>
<li>Rewards are to be distributed in LEVER. More information shall be provided in a follow-up article.</li>
</ul>
<h3>Multi-Chain Airdrop Program</h3>
<p>In addition to the above user programs, <strong>active </strong><a href="https://www.leverfi.io/"><strong>LeverFi</strong></a><strong> users (both Traders and Lenders)</strong> on Ethereum are eligible for the upcoming Multi-Chain Airdrop Program slated for January 2023.</p>
<p>As covered in our <a href="https://medium.com/rampdefi/ramp-reinventing-2022-96b8f7e900df">Reinventing 2022 Roadmap</a> article early this year, <strong>TVL under-utilization</strong> remains one of DeFi’s unsolved problems. Real yields for liquidity providers on DEXs and lending protocols, without emissions, are in fact low. Improving TVL utilization is therefore important if we wish to organically increase real yields in DeFi, and make real yields more sustainable.</p>
<p>Going forward, besides Ethereum, LeverFi is expanding into new and upcoming L1/L2 ecosystems as its multi-chain strategy. This means that similar to Aave, there will be native deployments of LeverFi in new ecosystems.</p>
<p>In these new ecosystems, LeverFi will launch LeverSwap, a native DEX, that underpins our leveraged trading layer. All spot and leveraged trades will then be exclusively routed through LeverSwap. This multiplies the utilization rates of LeverSwap’s liquidity pools, which will in turn attract more TVL and improve real yields for LeverFi liquidity providers, creating a virtuous upwards cycle.</p>
<p>Active <a href="https://www.leverfi.io/">LeverFi</a> users are eligible for participation airdrops in new ecosystem deployments, and multi-chain swap fees are accrued towards the xLEVER governance program expected to be launched in 2023.</p>
<p>More information around the Multi-Chain Program shall be shared in separate articles in January 2023.</p>
<img src="https://medium.com/_/stat?event=post.clientViewed&amp;referrerSource=full_rss&amp;postId=e4f3b6839c0a" width="1" height="1" alt=""><hr>
<p><a href="https://medium.com/leverfi/leverfi-public-beta-primer-leverfi-e4f3b6839c0a">Public Beta Primer | LeverFi</a> was originally published in <a href="https://medium.com/leverfi">LeverFi</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>


Public Beta Primer | LeverFi


<h3>Generating Yield on Trading Collateral Through Protocol Composability</h3>
<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*BZimewtlkj11wpIPwWtvkA.png"><figcaption>Start trading now at <a href="https://app.leverfi.io/">app.leverfi.io</a>.</figcaption></figure><p>The unique composability of DeFi, which allow protocols to seamlessly and permissionlessly integrate with one another to create new outcomes, allows the creation and development of new cases for on-chain trading.</p>
<p>One such use case is on-chain leveraged trading, which amplifies users’ trading power and allows them to execute trades in larger sizes while maintaining high levels of transparency and security over users’ funds.</p>
<p>A key mechanism of on-chain leveraged trading is collateral; the assets deposited to secure the loan a trader takes to gain access to leverage.</p>
<p>In this blog post, we will cover how LeverFi helps traders increase the asset efficiency of their trading collateral through protocol composability, and the different yield deployment options traders can consider.</p>
<h3>Idle Assets Don’t Generate Returns</h3>
<p>When it comes to on-chain leveraged trading, collateral is the underlying asset that a trader pledges as a guarantee that the loan they took is going to be repaid, i.e. securing the loan. Traders are required to maintain that amount of collateral to cover potential losses that they may incur when they leverage trade. As such, the collateral cannot be withdrawn until the line of credit is paid off in full.</p>
<p>As DeFi shifts from token-incentivized TVL to real yields, asset efficiency becomes increasingly important to maximize outcomes for traders. Existing leveraged trading platforms provide little to no added value on the assets traders deposit as collateral to open positions.</p>
<p><a href="https://www.leverfi.io/">LeverFi</a> solves the limitation on asset efficiency by allowing traders to earn yield on their collateral deposits. By deploying trading collateral to protocols with robust track records like Aave and Convex, LeverFi enables traders to generate returns on their collateral while trading simultaneously. Traders are able to earn yields comparable to if they deployed their assets to these protocols directly.</p>
<h3>Platform Deployment</h3>
<p>LeverFi is integrated with three main platforms for single assets and LP tokens collateral deployment, that have robust track records.</p>
<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*vgaJ4pf5wknJvN6Yw7F7SQ.png"><figcaption><em>Yield comparison (at the time of writing) for a sample of accepted collateral assets across different deployments.</em></figcaption></figure><p>The complete list of currently accepted collateral assets and their deployment can be found <a href="https://docs.leverfi.io/user-guides/traders-deposit-and-trade/supported-collateral-list">here</a>.</p>
<h3>Single Asset Collateral Deployment</h3>
<h4>Aave</h4>
<p>Aave is a decentralized non-custodial liquidity market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion.</p>
<h4>Stargate</h4>
<p>Stargate Finance is a composable liquidity transport protocol. Users can transfer assets cross-chain with Stargate’s Omnichain native asset bridge and access the protocol’s unified liquidity pools that enable decentralized lending and borrowing.</p>
<h4>Yield Comparison</h4>
<p>Considering a large portion of trading volume is in stablecoins, used as collateral on crypto-asset trading and lending platforms, we will use USDC as an example. At the time of writing, comparing the two single-asset deployment options, Aave offers a yield of 0.78% APY while Stargate offers 3.90%.</p>
<p>If a trader deposits $10,000 worth of USDC as collateral and assuming that yield remains constant for a year, they will get a return of $78 (Aave) or $390 (Stargate) on top of their trading P&amp;L exposure. Assuming an 80% LTV with 5x leverage, a LeverFi user can leverage trade up to $40,000 worth of leverage with that collateral.</p>
<h3>Curve LP-Token Asset Collateral Deployment</h3>
<p>As LP-token assets became increasingly popular, more users started looking for tools that allowed them to be used as collateral. LeverFi is the <strong>only</strong> leveraged trading platform that supports LP-token assets like Curve, amongst others, as collateral.</p>
<h4>Convex Finance</h4>
<p>Convex allows Curve.fi liquidity providers to earn CRV rewards and Convex rewards.</p>
<p>Using the tricrypto2 pool as an example, traders earn a gross yield of 10.62% APR, in a mix of base yield + CRV tokens + CVX tokens, from their trading collateral. . If they deposit $10,000 as collateral and assuming yield remains constant for a year, they would get a return of $1,062 on top of their trading P&amp;L exposure. Following this illustration, a LeverFi user can leverage trade up to $40,000 worth of leverage, assuming an 80% LTV with 5x leverage with that collateral.</p>
<p>Note that the yield calculations above are solely estimates at the time of writing, and may change anytime subject to the protocol developments.</p>
<h3>Conclusion</h3>
<p>DeFi users do not have to wait until the next bull run to make their assets work for them. Innovations like collateral yield are just one aspect of an ever-growing on-chain leveraged trading platform like LeverFi. Considering current market conditions and the prominent crashes experienced by other platforms in the past year, it is more important than ever to adopt sustainable platform practices and design, broaden the avenues available to traders to improve their asset efficiency, and opt for decentralized on-chain platforms over their less transparent counterparts.</p>
<h3>The Future is LeverFi</h3>
<p>We hope this blog has helped you understand how you can start earning yield on your trading collateral, and the different collateral yield deployments adopted by the platform. <a href="https://www.leverfi.io/">LeverFi</a> leverages the latest innovations in DeFi, such as protocol composability, to empower its users.</p>
<p>We cannot wait to hear what you think of LeverFi, so keep engaging with us!</p>
<ul>
<li>Visit our website for more information: <a href="https://www.leverfi.io/">https://www.leverfi.io</a>
</li>
<li>Follow us on Twitter to learn more: <a href="https://twitter.com/leverfi">https://twitter.com/leverfi</a>
</li>
<li>Join our fast-growing Telegram community: <a href="https://t.me/leverfi">https://t.me/leverfi</a>
</li>
<li>Read our blog for product updates: <a href="https://medium.com/leverfi">https://medium.com/leverfi</a>
</li>
<li>Learn about the LeverFi product design: <a href="https://docs.leverfi.io/">https://docs.leverfi.io</a>
</li>
<li>Join our fast-growing community of DeFi enthusiasts on our official <a href="https://t.me/LeverFi">Telegram</a> channel.</li>
</ul>
<img src="https://medium.com/_/stat?event=post.clientViewed&amp;referrerSource=full_rss&amp;postId=9bbcb184554e" width="1" height="1" alt=""><hr>
<p><a href="https://medium.com/leverfi/generating-yield-on-trading-collateral-through-protocol-composability-leverfi-9bbcb184554e">Generating Yield on Trading Collateral Through Protocol Composability | LeverFi</a> was originally published in <a href="https://medium.com/leverfi">LeverFi</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>


Generating Yield on Trading Collateral Through Protocol Composability | LeverFi


<h3>LeverFi November Community Update</h3>
<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*T7qT1ptzO6tT8TSJ51M6kw.png"></figure><p>Dear LeverFi community members and users, as we progress in our DeFi journey, November is shaping out to be highly turbulent for the entire crypto industry.</p>
<p>Markets have turned highly volatile due to recent upheavals. We hope this update can help to provide additional context, reduce concerns and anxiety for the community, and provide forward looking expectations for our users.</p>
<h3>1) Quantifying Alameda/FTX Participation</h3>
<p>In the last few days, FTX, one of the top five exchanges globally, suffered from a bank run and is now battling insolvency issues. Alameda Research, a sister company to FTX and a leading trading firm, appears also likely to go under due to overleveraging.</p>
<p>As Alameda Research was an investor in RAMP (RAMP was swapped to LEVER in July 2022), and RAMP/LEVER is often presented under the Alameda portfolio, we believe that it is important to provide transparency and context to our community around Alameda’s private sale participation, and quantify the impact, if any.</p>
<h4>Little to No Community Impact Expected</h4>
<p>In August 2020, Alameda Research invested <strong>50,000 USDT</strong> into the RAMP private sale at 0.006 USDT per RAMP. Compared to Alameda’s typical multi-million investments into projects such as Solana, Serum, Maps etc, we see this as a nominal amount.</p>
<p>As of end Q3 2022, ~70% of their allocation were already claimed. It would be reasonable to assume that tokens claimed to date were already sold by now. The remaining 30%, based on today’s market prices, is worth approx. $100,000–110,000, and unlocks linearly over the next 12 months.</p>
<p><strong>This averages out to less than $10,000 of sell volume per month</strong>, assuming that tokens are immediately claimed and sold. For context, the <strong>LEVER spot trading volume exceeded $40,000,000 on Binance for the month of October</strong>.</p>
<p>Based on the above, we are of the opinion that any potential selling pressure by Alameda is negligible and represents little to no impact for LEVER token holders and the community.</p>
<h4>How To Verify This</h4>
<p>For users seeking verifications on the above and wish to check on-chain, a possible method is to reference the <a href="https://docs.google.com/spreadsheets/d/1lBNOmTZnKTkiPCROX9NfGqqd8S-1XNChb3Dh_l_KSW0/edit#gid=1737119250">known list of Alameda Research / FTX wallet addresses</a> provided by <a href="https://twitter.com/lawmaster/status/1589510081694949377">Larry Cermak</a> to check for RAMP/LEVER tokens.</p>
<p>A run through of wallets will show that <strong>Alameda Research does not hold any RAMP/LEVER tokens.</strong> FTX, as an exchange platform dealing with retail users, holds RAMP tokens worth ~$86,000, which we believe are user deposits pending withdrawals.</p>
<p>Users with access to analytics platforms like <a href="https://www.nansen.ai/">Nansen.ai</a> can also run wallet analyses to confirm the above.</p>
<h4>RAMP Off-Boarded from FTX in July 2022</h4>
<p>RAMP was delisted from FTX in July 2022 due to the RAMP to LEVER token swap. As FTX did not support the token swap, <strong>LEVER was not relisted on FTX after the token swap.</strong></p>
<p>Due to this, <strong>most RAMP/LEVER users had withdrawn their tokens from FTX in Q3 2022.</strong> While not by design and is entirely coincidental, this has inadvertently helped our community shift RAMP/LEVER tokens out of FTX several months ahead of today’s insolvency situation.</p>
<p>We hope that the above help to provide our community with more context relating to counterparty activities with Alameda Research and FTX in the past 2.5 years, and address any potential concerns from token holders.</p>
<h3>2) Treasury Management and Marketing Budget Plan</h3>
<p>2022 is especially challenging to date due to the various black swan events mentioned above.</p>
<p>Following our successful Series A equity fund raise early this year, the team has been focused on prudent treasury management to sustain continued product development and to reinvest into product marketing.</p>
<p><strong>We are happy to share that prudent treasury management has helped us to offset industry negativities.</strong> We have, thankfully, no exposure to the Alameda/FTX black swan event.</p>
<p>There are no reduction to our team headcount to date despite mass layouts in tech/web3 this year, and we continue to be on the lookout to interview and hire high potential smart contracts, back-end and front-end developers.</p>
<p>In addition, going forward, <strong>we will start to use more stablecoins as rewards for protocol growth programs</strong>, such as trading volume incentives on LeverFi or marketing programs with partners such as Binance. LEVER tokens will only be selectively used until the broad market outlook improves.</p>
<h3>3) LeverFi Development Updates</h3>
<p>Following the completion of LeverFi smart contract audits in October, the team was <strong>incorporating additional feedback from auditors and bug bounty partners to enhance security</strong>.</p>
<p>Separately, the technical development team devoted significant resources towards gas optimizations following structural storage upgrades in the smart contract. Leveraged trading operations require more complex operations, which require more gas.</p>
<p><strong>Following the optimizations, trading execution gas fees were successfully reduced by 25–30%</strong>, which is a significant amount.</p>
<p>All the above has taken more time than expected to complete, but we are now ready. We want to thank our community for your patience and understanding in waiting this out, as our team complete the necessary security upgrades and gas efficiency improvements.</p>
<p>We are excited to share that we are in a position to launch the LeverFi platform in late November. More information will be released shortly in a separate article!</p>
<h3>4) Future Roadmap and Growth</h3>
<p>Besides the launch of LeverFi, the strategy team has been hard at work to identify market gaps and opportunities, and conducted research into how we can build innovative products that solve user problems.</p>
<p>The LeverFi next-stage product and growth roadmap is already under development, and we are excited to share this with our community early in the upcoming year.</p>
<p>Not your keys, not your assets. The numerous crashes this year have highlighted the problems associated with centralized platforms. While not all centralized platforms are bad actors, the damage caused by even a single bad actor can be far reaching for the average Joe.</p>
<p>DeFi represents an opportunity for transparency and clarity of operations for users. Nonetheless, for users to truly adopt DeFi, there has to be improvements in the current infrastructure, reduced user friction and improved security. LeverFi will be here to help make this happen, and we are excited for what the future holds.</p>
<p>We hope all web3 users continue to stay safe, and be viligant always. For the many affected users, to stay hopeful that asset recoveries will eventually happen. We look forward to continuing on this journey with you.</p>
<img src="https://medium.com/_/stat?event=post.clientViewed&amp;referrerSource=full_rss&amp;postId=a92f10c9f5b8" width="1" height="1" alt=""><hr>
<p><a href="https://medium.com/leverfi/community-update-november-2022-leverfi-a92f10c9f5b8">Community Update: November 2022 | LeverFi</a> was originally published in <a href="https://medium.com/leverfi">LeverFi</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>


Community Update: November 2022 | LeverFi


<h3>Leveraged Trading — How It Works and Where to Get Started</h3>
<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*jl13d7NCC_kc7r-a8nqrCw.png"><figcaption>Start trading now at <a href="https://app.leverfi.io/">app.leverfi.io</a>.</figcaption></figure><p>Cryptocurrency trading has become increasingly popular in recent years, with more and more people looking to get involved in the market. Leveraged trading is favored by many traders, both new and experienced, who can tolerate high-risk and high-return payouts.</p>
<p>What is leveraged trading? Put simply, leveraged trading allows users to trade with borrowed money, enabling them to have larger profit and loss exposure than they would have had if they did not use leverage.</p>
<p>In this blog post, we will cover what leveraged trading is, as well as give you pointers on where to get started.</p>
<h3>What is Leveraged Trading?</h3>
<p>Leveraged trading is a type of trading that allows users to trade with borrowed money. Under the umbrella of leveraged trading is margin and futures trading. Margin trading involves directly entering into positions in the spot trading market while futures trading involves entering into contracts in the derivatives market, and no underlying assets are actually being traded in the futures market. Both methods allow traders to expand their trading exposure with the use of leverage.</p>
<h3>How does Leverage Work?</h3>
<p>To gain access to leverage, users would have to deposit collateral first and choose the desired leverage they intend to use with their trade positions, subject to an individual user’s limits. The amount of leverage that a user can get will vary depending on the platform used. For example, having 10x leverage means if $1,000 worth of crypto assets were deposited as collateral, users can have access to up to $10,000 worth of trading assets.</p>
<p>It is important to note that while leverage allows traders the opportunity to score higher trading returns, it also exposes traders to potential losses of equal magnitude.</p>
<p>Assume that you use $1,000 of collateral to open a long ETH position of $10,000 at a 10x leverage. If ETH price increases by 20%, you will gain $2,000 before fees. This is double the amount of collateral value you have deposited, which implies that you made $2,000 using $1,000 (200% return).</p>
<p>However, if the price of ETH fell by 20%, your losses in that position would have been amplified to $2,000. This puts you at risk of liquidation because your losses are 2x of what your collateral is, subject to the liquidation value the exchange imposes. To avoid being liquidated, additional collateral would need to be deposited.</p>
<p>Leveraged trading allows users to make bigger trades than they would be able to if they were limited to only their initial capital. It amplifies their buying and selling power, which is especially useful for users with limited amounts of initial capital or those looking to make higher returns. Users are then able to capitalize on market opportunities on a larger scale. Do keep in mind that leveraged trading also comes with increased risk because your losses could be amplified as well as your returns.</p>
<h3>Where to Get Started?</h3>
<p>Many users start off their trading journey on centralized exchanges such as Binance, FTX, or OKX. These platforms offer order book leveraged trading, but users face centralization risks, custodial conflicts, and flash liquidations.</p>
<p>In contrast, on-chain DeFi leveraged trading offers users full transparency across trade execution, liquidations and asset holdings.</p>
<p>As the first on-chain, cross-margin platform on Ethereum, <a href="https://www.leverfi.io/">LeverFi</a> offers DeFi users a best-in-class leveraged trading platform, with a suite of user benefits that include but are not limited to:</p>
<ol>
<li>
<strong>Earn and trade</strong>: traders generate yields on their collateral used for trading.</li>
<li>
<strong>Unified collateral</strong>: traders can pool multiple types of collateral to unlock more leverage and trade in larger sizes.</li>
<li>
<strong>Flash crash resistance:</strong> asset pricings use open-source Chainlink oracles and are more flash crash resistant during liquidations.</li>
</ol>
<p>Leveraged trading exposes traders to opportunities and gives them the tools they need to capitalize on them. With the right platform and approach, users can maximize their asset efficiency, especially during the challenging economic conditions we currently experience.</p>
<p>Although <a href="https://www.leverfi.io/">LeverFi</a>’s platform is beginner friendly and has an easy-to-use interface, novice traders need to understand the risks involved with leveraged trading. On top of the platform’s layers of safety features to protect its users and the platform, traders should also take precautions such as employing risk-management strategies like stop-limit orders when possible to mitigate unnecessary risks.</p>
<h3>The Future is LeverFi</h3>
<p>We hope this blog has helped you understand the basics of leveraged trading and where you can get started, whether you’re just starting out or a seasoned trader. <a href="https://www.leverfi.io/">LeverFi</a> is a game-changer in the leveraged trading space. We are excited to have you onboard our journey!</p>
<p>We cannot wait to hear what you think of LeverFi, so keep engaging with us!</p>
<ul>
<li>Visit our website for more information: <a href="https://www.leverfi.io/">https://www.leverfi.io</a>
</li>
<li>Follow us on Twitter to learn more: <a href="https://twitter.com/leverfi">https://twitter.com/leverfi</a>
</li>
<li>Join our fast-growing Telegram community: <a href="https://t.me/leverfi">https://t.me/leverfi</a>
</li>
<li>Read our blog for product updates: <a href="https://medium.com/leverfi">https://medium.com/leverfi</a>
</li>
<li>Learn about the LeverFi product design: <a href="https://docs.leverfi.io/">https://docs.leverfi.io</a>
</li>
</ul>
<img src="https://medium.com/_/stat?event=post.clientViewed&amp;referrerSource=full_rss&amp;postId=d12bc613e92" width="1" height="1" alt=""><hr>
<p><a href="https://medium.com/leverfi/leveraged-trading-how-it-works-and-where-to-get-started-leverfi-d12bc613e92">Leveraged Trading — How It Works and Where to Get Started | LeverFi</a> was originally published in <a href="https://medium.com/leverfi">LeverFi</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>


Leveraged Trading — How It Works and Where to Get Started | LeverFi


<h3>Beosin Delivers Final Audit Report on Smart Contract Ecosystem</h3>
<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*eCckKJDmSrWB1k9tG8XgUA.png"><figcaption>Beosin Final Audit Completion</figcaption></figure><p>Greetings LeverFi users!</p>
<p>As we prepare for the public platform release of LeverFi, we are excited to announce the completion of Beosin’s Smart Contract Security Audit.</p>
<p>Upon reviewing, the LeverFi development team has <strong>fixed</strong> and <strong>resolved</strong> all issues raised by the audit team.</p>
<p>You may read the full audit report available to the public here:</p>
<p><a href="https://github.com/LeverFi/Contract-Audits/blob/main/Beosin%20LeverFi%20202210111500_v1.3.pdf">Beosin Final Audit Report</a></p>
<h3><strong>Audit Summary</strong></h3>
<p>Whilst we maintain high vigilance for any potential vulnerabilities and threats that DeFi protocols face, we understand the importance of a third-party audit. Audits like these not only reassure our users but act as another layer of checks and balances for the security of our smart contracts.</p>
<p>Beosin has audited the internal code of LeverFi, utilizing audit methods including and not limited to:</p>
<ol>
<li>Formal Verification</li>
<li>Static Analysis</li>
<li>Typical Case Testing</li>
<li>Manual Review</li>
</ol>
<p>We are dedicated to improving platform usability, and business security, and removing vulnerabilities as we understand the potential economic impact of compromised system security, especially within the decentralized finance space.</p>
<p>In addition to independent audits, we look forward to developers participating in our <a href="https://medium.com/leverfi/leverfi-guardian-program-securing-platform-tvl-2fc7e9dee67e">Guardian Bug Bounty Program</a>, which helps to add further security to the LeverFi smart contracts.</p>
<p>We are excited to make further progress in our roadmap toward our public platform release and to bring our users a truly unique solution for both leveraged traders and lenders alike.</p>
<h3><strong>About Beosin</strong></h3>
<p>Beosin is a leading global Web 3.0 blockchain security company co-founded by several professors from world-renowned universities. They provide integrated blockchain security services and products to serve 1 million+ users in the global blockchain ecosystem.</p>
<p>Beosin has more than 20 years of research in formal verification technology, trusted computing, mobile security, and kernel security, with overseas experience in studying and collaborating in project research at well-known universities.</p>
<p>The team consists of 100+ security experts, including 40+ PhDs and postdocs. Beosin has worked with global customers like Ethereum, Binance, Uniswap, OKX, Huobi, and many more.</p>
<h3>About LeverFi</h3>
<p>LeverFi is a game-changer in the leveraged trading space. And we are excited to have you onboard our journey! Our unique product offerings give you an edge as a leveraged trader, empowering you in a crowded DeFi space.</p>
<p>We cannot wait to hear what you think of LeverFi, so keep engaging with us!</p>
<ul>
<li>Follow us on Twitter to learn more: <a href="https://twitter.com/leverfi">https://twitter.com/leverfi</a>
</li>
<li>Join our fast-growing Telegram community: <a href="https://t.me/leverfi">https://t.me/leverfi</a>
</li>
<li>Visit our website for more information: <a href="https://www.leverfi.io/">https://www.leverfi.io</a>
</li>
<li>Read our blog for product updates: <a href="https://medium.com/leverfi">https://medium.com/leverfi</a>
</li>
<li>Learn about the LeverFi product design: <a href="https://docs.leverfi.io/">https://docs.leverfi.io</a>
</li>
</ul>
<img src="https://medium.com/_/stat?event=post.clientViewed&amp;referrerSource=full_rss&amp;postId=a591e0af6ec5" width="1" height="1" alt=""><hr>
<p><a href="https://medium.com/leverfi/smart-contracts-update-beosin-final-audit-report-a591e0af6ec5">Beosin Delivers Final Audit Report on Smart Contract Ecosystem | LeverFi</a> was originally published in <a href="https://medium.com/leverfi">LeverFi</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>


Beosin Delivers Final Audit Report on Smart Contract Ecosystem | LeverFi


<h3>LeverFi Guardian Program: Securing Platform TVL</h3>
<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*dmytUuFh_GDnNG5xCB30NQ.png"></figure><p>Along with the security audits by Peckshield and Beosin, we are excited to launch the LeverFi Bug Bounty Program as the third layer of checks and verifications as we near the public platform release.</p>
<p>As a DeFi protocol, we regard the security of user assets as the first and foremost priority when developing the smart contracts. To enhance security, we are opening the smart contracts for public review by developers from all over the world.</p>
<h3>What is the LeverFi Guardian Program?</h3>
<p>The Guardian Program is a public bug bounty program and an open invitation to developers from anywhere in the world to help LeverFi review its code, increase the security level of the protocol smart contracts, and earn attractive bounties in the process.</p>
<p>In this program, LeverFi will provide access to its Github codebase which can be reviewed and tested by developers worldwide, thus maximizing the security and resilience before LeverFi officially launches on mainnet.</p>
<p>A testnet version complete with UI will also be deployed by next week.</p>
<h3>How Developers Can Review The LeverFi Code?</h3>
<p>All released source code is available on LeverFi’s Github page:</p>
<ul><li><a href="https://github.com/LeverFi/bug-bounty-review">https://github.com/LeverFi/bug-bounty-review</a></li></ul>
<p>Developers who wish to review the code may request for Github access via Github or contact us directly at security@leverfi.io. Developer accounts need past Github commits to receive access.</p>
<p>From a security perspective, we invite developers to assess, identify and give us suggestions on any of the following:</p>
<h4>1. General Security</h4>
<ul>
<li>Flaws in administration security</li>
<li>Flaws in platform functions</li>
<li>Flaws in security design</li>
</ul>
<h4>2. Economic Design</h4>
<ul>
<li>Ledger accounting and settlements integrity</li>
<li>Non-code exploitation of economic design</li>
<li>Flaws in financial math and formulas used</li>
</ul>
<h4>3. Security of Smart Contracts</h4>
<ul>
<li>Security of smart contract management</li>
<li>Security of transaction processing</li>
<li>Security against oracle manipulation</li>
<li>Security against fund drain attacks</li>
</ul>
<h4>4. Platform Improvements</h4>
<ul>
<li>Improvements to gas efficiencies</li>
<li>Reduction in failed transactions</li>
<li>Improvements to transaction routing</li>
<li>Improvements to financial logic</li>
</ul>
<h3>Risk Levels And Ranges of Bounties</h3>
<p>Risk levels will be divided broadly into 4 categories based on severity and potential loss. Bounty rewards will be linked to these risk levels as follows:</p>
<h4>Lvl 1 Risk — A Bounty: 30,000,000 to 50,000,000 LEVER</h4>
<ul><li>Potential systematic flaws, including access to server, access to website administration, transaction/oracle manipulations, fund drain attacks, flaws in accounting ledger code etc result in substantial (&gt;50%) asset loss.</li></ul>
<h4>Lvl 2 Risk — B Bounty: 10,000,000–30,000,000 LEVER</h4>
<ul><li>Potential systematic flaws, including access to server, access to website administration, transaction/oracle manipulations, fund drain attacks, flaws in accounting ledger etc resulting in partial (10–50%) asset loss.</li></ul>
<h4>Lvl 3 Risk — C Bounty: 5,000,000–10,000,000 LEVER</h4>
<ul><li>Potential code issues, transaction/oracle manipulations, fund drain attacks, flaws in financial logic etc resulting in minor (&lt;10%) asset loss.</li></ul>
<h4>Lvl 4 Risk — D Bounty: 1,000,000–5,000,000 LEVER</h4>
<ul><li>Non-exploitable transaction failures issues, optimization improvements that increases speed and efficient of transactions etc that does not result in any asset loss, but improves the protocol design if implemented.</li></ul>
<h3>How To Report Bugs Detected?</h3>
<p>As security is a sensitive issue, we encourage users not to submit public issues regarding the security of the blockchain.</p>
<p>We encourage using your own discretion, if you feel the issue is not something the public can easily exploit, then feel free to create an issue at the repo over at the LeverFi Github. If the issue presents some critical exploit, then please email us instead at security@leverfi.io.</p>
<h3>Rules of the Guardian Program</h3>
<ul>
<li>The Guardian Program is limited to the latest version of code.</li>
<li>Problems caused by same source should be considered as one bug.</li>
<li>Multiple reports on the same bug will only be rewarded to the first reporter based on timestamp.</li>
<li>LeverFi has the responsibility of publishing its improvements after a bug is detected within 2 weeks.</li>
<li>Only when the process of “Bug submission — Project verification — Improvements” is completed can a contributor receive the bounties.</li>
<li>Any malicious attempt to generate exploits, phish, steal user data, make unauthorized code changes or abuse of intellectual property in the guise of code review will be investigated by LeverFi.</li>
<li>LeverFi reserves the right of final interpretation.</li>
</ul>
<h3>The Future is LeverFi</h3>
<p>We put great emphasis on platform security so we invite developers everywhere to help guide that. We are excited to have you onboard our journey!</p>
<p>LeverFi is a game-changer in the leveraged trading space. We cannot wait to hear what you think of LeverFi, so keep engaging with us!</p>
<ul>
<li>Follow us on Twitter to learn more: <a href="https://twitter.com/leverfi">https://twitter.com/leverfi</a>
</li>
<li>Join our fast-growing Telegram community: <a href="https://t.me/leverfi">https://t.me/leverfi</a>
</li>
<li>Visit our website for more information: <a href="https://www.leverfi.io/">https://www.leverfi.io</a>
</li>
<li>Read our blog for product updates: <a href="https://medium.com/leverfi">https://medium.com/leverfi</a>
</li>
<li>Learn about the LeverFi product design: <a href="https://docs.leverfi.io/">https://docs.leverfi.io</a>
</li>
</ul>
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<p><a href="https://medium.com/leverfi/leverfi-guardian-program-securing-platform-tvl-2fc7e9dee67e">Guardian Program: Securing Platform TVL | LeverFi</a> was originally published in <a href="https://medium.com/leverfi">LeverFi</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>
