LeverFi, an innovative on-chain leverage trading protocol, recently announced a new staking and participation mechanism through its LeverPro Launchpad.
Table of Contents:
1. LeverPro Launchpad Introduces New Golden Ticket Mechanism: Maximizing Community Incentives?
2. Simple Tutorial: How Can LEVER Token Holders Participate and Earn High Returns in LeverPro?
3. Expanding the Bitcoin On-Chain Asset Ecosystem: LeverFi Deeply Collaborates with Flash Protocol
The mechanism aims to provide users with an opportunity to participate in early-stage BRC20 projects through a system called “Golden Tickets.” Participants can earn LVR, which is a key indicator of governance weight on LeverPro, by staking LEVER tokens. Users holding LVR will enjoy additional privileges on the platform.
LeverFi serves as an on-chain 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. This not only provides users with the opportunity to profit from asset price fluctuations through leveraged trading but also enables them to earn yields by depositing collateral into farming protocols, offering the benefits of both yield farming and leveraged trading. The following is a brief introduction to the new staking participation mechanism and the new opportunities it brings.
LeverPro Launchpad provides a unique opportunity 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 involved in the value discovery process at the early stages of the projects.
On LeverPro, LVR tokens play a crucial role in measuring users’ governance weight. LVR earned through staking LEVER tokens represents contributions to the platform and provides additional privileges and benefits to users. Among them, top LVR holders will enjoy the guarantee or priority allocation of Golden Tickets, ensuring that the most active and supportive users on the platform receive corresponding rewards.
The Golden Ticket distribution mechanism of LeverPro Launchpad aims to reward different members of its community fairly. The top 100 LVR holders, known as LVR VVIP, are guaranteed to receive 100 Golden Tickets, while LVR VIP holders ranked from 101 to 300 have the opportunity to receive 180 tickets, ensuring a 90% participation rate. In addition, the remaining tickets will be distributed to xLEVER stakers through a lucky draw system. xLEVER is obtained through long-term staking of LEVER tokens. This mechanism encourages long-term investments and ensures that all participants, regardless of staking scale, have the opportunity to participate in this process.
With the completion of the first LVR staking period, users who participated in staking LEVER tokens have received LVR tokens, indicating the new opportunities brought by the exclusive LVR Launchpad privilege tokens that will be released on LeverPro soon. This not only marks an important milestone in the LeverFi ecosystem but also provides further opportunities for community members to participate in and influence the platform’s development direction.
In the LeverFi ecosystem, LEVER token holders participate in the launch of high-potential projects on LeverPro, seeking close contact with projects in their early stages. However, with projects like ORNJ bringing returns of over 1400%, the competition for project allocations is extremely intense. In this context, although the lucky draw system provides participation opportunities for LEVER stakers, the allocation is not guaranteed.
LVR tokens are particularly important in this environment as they provide LeverPro participants with additional launchpad permissions, including the guarantee or priority allocation of “Golden Tickets” and an increase in the allocation limit for new project launches. These privileges ensure that LVR token 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 the LeverPro launch portal, which will be issued on the BRC20 network. With the release of LVR, the LeverFi team plans to introduce it to major exchanges such as Binance and OKEX for trading, increasing the liquidity of LVR and providing users with more flexibility in deciding how to participate in specific new project launches.
LeverFi is not just a platform; it is a commitment to innovation, focusing on providing new opportunities in the decentralized finance field for the rapidly growing Web3 user community. By introducing new products in the BTC ecosystem in its 2024 roadmap, LeverFi demonstrates its ambition in providing unique solutions for the decentralized finance field. With more details about how LEVER stakers can claim and trade LVR to be released soon, LeverFi continues to steadily move forward on the path of innovation, bringing more exciting opportunities to its community and users.
LeverFi and Flash Protocol are collaborating to promote the development of Bitcoin asset issuance and the decentralized finance ecosystem. Flash Protocol, powered by Taproot Assets released on the Lightning Network, provides a decentralized framework that allows users to issue assets (Taproot Assets) and Taproot NFTs on the Bitcoin network while ensuring smooth execution and congestion-free state on the Bitcoin mainnet.
This collaboration covers various aspects such as technical development, joint marketing, token issuance, and ecosystem support, aiming to promote the growth and popularization of Bitcoin-based decentralized financial solutions.
1. Technical Collaboration and Ecosystem Incubation: LeverPro collaborates with BTC Angel Hub, which is the first crowdfunding platform under Flash Protocol, focusing on supporting and incubating high-quality projects based on Taproot assets. LeverPro will provide comprehensive services including technical support, community distribution, funding, marketing, and token issuance to facilitate the success of these projects.
2. Joint Marketing and Community Interaction: LeverFi and Flash Protocol will carry out 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 truly 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 users with more convenient access, discovery, and trading liquidity for projects.
Flash Protocol is a decentralized protocol that allows users to issue assets (Taproot Assets) and Taproot NFTs on the Bitcoin network. With the help of FlashVM, a computation engine based on Flash Chain, Flash Protocol aims to achieve BTCFi features such as pledging, exchanging, and borrowing Bitcoin native assets. With the support of Taproot Assets released on the Lightning Network, Flash Protocol can issue and trade Bitcoin native assets on the Bitcoin blockchain while ensuring smooth and congestion-free operation of the Bitcoin mainnet.
Through this forward-looking collaboration, LeverFi and Flash Protocol are opening up a new chapter in the Bitcoin decentralized finance ecosystem, providing users with more innovative solutions and participation opportunities.
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