Formerly known as RAMP DEFI, LeverFi is a decentralized leverage trading platform that underwent rebranding in March 2022 to better align with the evolving DeFi market needs. The rebranding aims to tackle existing challenges such as the lack of sustainable Total Value Locked (TVL) and utility within decentralized finance.
What Makes LeverFi Unique?
LeverFi strives to offer a dual-function platform where users can simultaneously invest and farm. Lenders deposit funds into lending pools, earning interest from borrowers who can leverage trade up to 10X. Any excess liquidity from these lenders is further invested in other DeFi protocols to generate additional earnings.
How Does LeverFi Integrate with Other Chains?
The platform also acts as a bridge for Ethereum and EVM-compatible chains like BNB Chain, Avalanche, Polygon, Arbitrum, and Optimism. This integration allows users to deposit various assets such as Bitcoin, Ethereum, and liquidity provider tokens, which they can then use as collateral to take larger trading positions.
Practical Insights for Users
LeverFi presents several concrete advantages for its users:
- Users can earn passive income by providing liquidity to lending pools.
- Offers the ability to leverage trade up to 10X, enhancing trading potential.
- Supports integration with multiple DeFi protocols for additional yield.
- Facilitates cross-chain trading and asset management.
- Charges a low transaction fee of 1% per trade.
How to Buy LEVER Coin?
LEVER Coin is accessible via Binance, one of the largest cryptocurrency trading platforms by volume. To purchase LEVER Coin, users must first register on Binance and fund their accounts with fiat currency. Subsequently, they can buy LEVER using BUSD and Tether (USDT), the primary trading pairs for LEVER.
Additionally, users can set a purchase order lower than the market value using the Limit tab on Binance, allowing them to buy at a desired price point.