LeverFi
Crypto Overview
Project Overview
LeverFi (LEVER) is a decentralized perpetual exchange platform built on the Arbitrum network. The protocol aims to provide decentralized leveraged trading services with a focus on derivatives trading.
Intended Utility
The LEVER token serves as the governance and utility token for the LeverFi ecosystem. Token holders can participate in protocol governance decisions and receive fee sharing from trading activities on the platform.
Actual Implementation
The platform primarily facilitates leveraged perpetual futures trading, where users can trade with up to 100x leverage. The protocol has implemented an insurance fund mechanism to protect against negative balance scenarios.
Token Distribution and Governance
Initial token distribution includes allocations for team members, early investors, and community incentives. The project implements vesting schedules for team and investor allocations to prevent immediate dumps. However, detailed vesting information and current token distribution metrics are not readily available.
Development Activity
The platform shows regular updates and maintenance, with an active development team. However, the primary focus appears to be on expanding trading features and leveraged products rather than developing additional utility cases.
Crypto Impact
To assign a comfort level investing in LeverFi from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to LeverFi.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.