LeverFi (LEVER) is a decentralized finance (DeFi) protocol on the Ethereum Blockchain designed to improve asset efficiency and trading. By tackling the challenges faced by existing DeFi protocols, LeverFi aims to reduce risks, offer sustainable returns, and optimize asset management. This article answers two common questions: What is LeverFi (LEVER) and how to buy LeverFi (LEVER) with TRY.
What is LeverFi (LEVER)?
LeverFi is a non-custodial, on-chain leveraged trading protocol that seeks to enhance asset efficiency in the DeFi space. By providing transparency and self-custody, LeverFi facilitates a seamless trading experience while addressing common DeFi issues. Investors can manage their yield-generating assets within a single collateral basket, allowing for larger trading positions with reduced liquidation risk. Additionally, traders can earn yields on margin, with transactions routed through various trading protocols for optimal pricing and minimal slippage.
Lenders on LeverFi can earn real yields by lending assets to traders without facing directional risks. The protocol’s robust design ensures secure and non-custodial interactions between lenders and traders, offering competitive and sustainable returns. LeverFi operates through four main components—Collateral Manager, Trading Manager, Lending Manager, and Risk Manager—each supported by smart contracts to facilitate tasks such as collateral management, trade execution, yield accrual, and risk management.
How to Buy LeverFi (LEVER) with TRY?
For investors in Turkey, Binance TR is the recommended exchange for purchasing LeverFi (LEVER). On Binance TR, you can quickly create an account and trade over 100 cryptocurrencies, including LEVER. To buy LEVER with TRY on Binance TR, follow these steps.
Practical Steps for Investors
LeverFi offers several concrete benefits for investors:
- Earn yields and leverage trades simultaneously.
- Consolidate assets into a unified collateral basket for cross-margin trading.
- Benefit from optimized asset pricing and enhanced investor support.
- Access competitive real yields in the market.
To start, visit trbinance.com and create an account. After entering basic information and completing email/SMS verification, proceed to identity verification (KYC). This process can be done via phone or the official website, requiring a mobile phone for QR code scanning. Once verified, deposit TL into your Binance TR account using bank transfer, EFT, or FAST. Finally, navigate to the “Buy-Sell” section, search for LEVER, and complete your purchase by entering the desired price and quantity.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange by trading volume, launched Binance TR in 2020 for Turkish investors. The platform leverages Binance’s technology, security measures, and liquidity to offer both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY pairs. Supported by Binance’s core functions, Binance TR provides access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls.