LeverFi

Purpose and Utility

LeverFi is a decentralized perpetual futures trading platform built on Arbitrum that allows users to trade cryptocurrency with leverage. The LEVER token serves as the protocol's governance token, giving holders voting rights over protocol parameters and decisions.

Business Model

The platform's core functionality revolves around providing leveraged trading services. Users can trade with up to 100x leverage on various cryptocurrency pairs. The protocol generates revenue through trading fees and liquidation fees.

Real-World Adoption

The platform has gained some traction within the DeFi space, particularly on Arbitrum. However, its primary use case involves leveraged trading, which is effectively a zero-sum game where traders bet against each other on price movements.

Platform Development

The project maintains active development and has implemented various features including an insurance fund and liquidation mechanisms. The team regularly updates the platform and maintains communication with its community.

Token Distribution and Governance

The LEVER token is used for governance and protocol fee distribution. While the exact token distribution details are available on-chain, the primary utility of the token is tied to the platform's leveraged trading operations.