What is LeverFi (LEVER)?

What is LeverFi?

(Source: docs.leverfi)

LeverFi (LEVER) is a next-generation decentralized financial infrastructure and innovation network, aiming to provide new financial opportunities for the global Web3 user community through decentralized technology and blockchain. LeverFi focuses on expanding the Bitcoin ecosystem, and provides decentralized trading, leveraged trading, and cross-chain settlement financial services through its multiple networks.

The core products and technical architecture of LeverFi

LeverFi's core architecture is based on three major product ecosystems:

1. OmniZK (Bitcoin/EVM)

OmniZK is a security verification protocol focused on the Bitcoin network. Through zero-knowledge proofs (ZK Proofs), developers can move complex computations to EVM-compatible blockchains for processing and settle the final results on the Bitcoin mainnet. This design enables Bitcoin to have the potential for decentralized financial applications, such as decentralized lending, market trading, and cross-chain liquidity management. The core features of OmniZK include:

• Support for non-custodial smart contracts, no third-party supervision required.
• With efficient cross-chain settlement capabilities, the Bitcoin ecosystem is no longer limited to the constraints of the L1 chain.
• Supports DLC (Discreet Log Contracts), allowing for more complex conditional trading and cross-chain interoperability.

2. LEVERPRO (Bitcoin)

LeverPro is the high-potential BRC20/Runes release platform of LeverFi, mainly focusing on providing support for native DeFi projects in the Bitcoin ecosystem. Users can obtain LEVERPRO•POINTS by pledging LEVER tokens, participating in early investment opportunities for new projects, including IIO (Initial Inscription Offerings) and IDO (Initial Dex Offerings).

3. LeverTrade (EVM)

LeverTrade is a platform designed for traders, allowing users to earn collateral rewards while trading, and supports up to 10x leverage. The LEVER token plays a governance role on the platform, and traders holding xLEVER can receive a 20-60% fee discount and participate in protocol decisions, including asset addition, liquidity pool management, and new network deployment.

LeverFi's token economics

LEVER token is the core governance and utility token of the LeverFi ecosystem, with a total supply ranging from 35,000,000,000 to 55,786,500,000 LEVER, and distributed according to a four-year plan:

1. Staking Rewards (68%)

• Used to incentivize coin holders and node operators to stake, ensuring network security and promoting long-term participation.
• Total Allocation: 14,134,820,000 LEVER
• Wallet address: 0x4B4C25bBED0eA3fb8094E951850FE154c1BB0829

2. Growth of the ecosystem (24%)

• Incentive program to promote network usage and transaction volume growth.
• Total Supply: 4,988,760,000 LEVER
• Wallet address: 0x259E3886E640425952BA19b7ff5831C05c989a8B

3. Developer Incentive (8%)

• Support developers to create innovative applications and drive ecosystem expansion.
• Total Allocation: 1,662,920,000 LEVER
• Wallet Address: 0xA70E88413384337b84C2EDF54Cd3259f51621a65

Token Application

• OmniZK: As the staking token for OmniRelayers, it is used to maintain network security and governance.
• LeverPro: Stake LEVER to earn LEVERPRO.POINTS and participate in high-potential DeFi project investments.
• LeverTrade: Holding xLEVER can enjoy trading fee discounts and participate in protocol governance.

Future Outlook of LeverFi

LeverFi plans to significantly expand the decentralized financial scene of the Bitcoin ecosystem and further promote the cross-chain application of OmniZK. With more and more DeFi applications joining LeverFi's ecosystem, the application scenarios of LEVER will become more diverse and gradually become an important cornerstone of Bitcoin DeFi.

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Summary

As a next-generation decentralized financial infrastructure, LeverFi is committed to providing rich financial opportunities for Web3 users through innovative technology. Its core architecture consists of OmniZK, LeverPro, and LeverTrade, focusing on security verification of the Bitcoin network, native DeFi project support, and trader services respectively. As LeverFi continues to expand the decentralized financial scene of the Bitcoin ecosystem, it is poised to become an important cornerstone of Bitcoin DeFi, creating more value for global Web3 users in the future.