LeverFi
LEVER
Watchlist
₹0.22
LIVE
Watchlist
24H Low ₹0.21
24H High ₹0.23
Price of LEVER today
The current live price of LEVER today is ₹0.22, with a 24-hour trading volume of ₹1,33,24,57,193.76. Our LEVER to INR price is updated in real-time. LEVER has seen a decrease of -5.80% in the last 24 hours. With a live market cap of ₹7,48,10,06,200.80 , the circulating supply is at 34,966,495,588 LEVER coins, with a maximum supply of 35,000,000,000LEVER coins.
LeverFi Price History
Date Comparison | Amount Change | % Change |
---|---|---|
Today | -₹0.01 | 5.32% |
7 Days | ₹0.01 | 6.27% |
30 Days | ₹0.07 | 48.4% |
1 Year | ₹0.09 | 76.18% |
LeverFi Price Information
Price Change (1hr)
6.03%
Price Change (24hr)
5.32%
Price Change (7d)
6.27%
LeverFi Market Stats
Market Cap
₹7,48,10,06,200.80
Fully Diluted Market Cap
₹7,48,81,74,397.44
24hr Volume
₹1,33,24,57,193.76
34.84%
Circulating Supply
34966495587.93 LEVER
Total Supply
35000000000 LEVER
Things to know about LeverFi
What is LeverFi (LEVER) token?
LeverFi (LEVER) is a decentralized finance (DeFi) platform that aims to revolutionize the way users interact with leverage trading and lending. It allows users to engage in leveraged trading up to 10x while simultaneously earning yield on their collateral. LeverFi supports a wide range of assets, including major tokens and liquidity provider (LP) assets, which can be used as collateral on the platform. These assets are then redeployed to farming platforms to generate yield for users. The platform is powered by the LEVER token, which serves as a governance token, allowing holders to participate in the protocol's decision-making process.
Tokenomics
Total Supply:
35 billion LEVER tokens.
Circulating Supply:
Approximately 28.93 billion LEVER tokens.
Usage:
Governance, staking, protocol rewards, and trading fee discounts.
Staking:
Users can lock LEVER for 1 to 12 months to earn LVR tokens, with longer lockups yielding more LVR.
Governance:
LEVER holders can participate in protocol governance by locking tokens to receive xLEVER, representing voting power.
Market Data
As of today #{today’s date}, the price of LeverFi is ₹0.22 INR or 0.00246 USD, with a 24-hour trading volume of 15141559.02 USD. The market capitalization for LeverFi is 85011434.1USD. The circulating supply is 34966495587.93 LeverFi, with the total supply also being 35000000000 LeverFi.
Token Pros and Cons
Pros:
Utility and Incentives:
LEVER offers multiple utilities, including governance, staking rewards, and trading fee discounts, incentivizing long-term holding.
Decentralized Governance:
Allows token holders to influence the protocol’s development and policies directly.
Yield Generation:
Users can earn a yield on their collateral while engaging in leveraged trading.
Accessibility to New Projects:
Staking LEVER grants exclusive access to Initial Inscription Offerings (IIOs) and Initial Dex Offerings (IDOs) on the LeverPro Launchpad.
Cross-Chain Functionality:
Supports Ethereum and EVM-compatible chains, enhancing its utility and reach.
Cons:
Complexity for New Users:
The multifaceted nature of leveraged trading and yield farming may be daunting for newcomers.
Market Volatility:
High leverage can amplify losses, especially in volatile market conditions.
Smart Contract Risks:
As with any DeFi platform, there’s a risk of bugs or vulnerabilities in smart contracts.
Regulatory Uncertainty:
The evolving regulatory landscape for DeFi and cryptocurrencies could impact LeverFi’s operations.
Competition:
Faces stiff competition from other DeFi platforms offering similar services.
Why Should You Invest in the Coin?
Innovative DeFi Solutions:
LeverFi’s unique approach to combining leveraged trading with yield farming presents a compelling value proposition.
Strong Governance Model:
The governance system empowers LEVER holders with significant control over the protocol’s future.
Potential for High Yields:
The platform’s yield farming capabilities offer potentially lucrative returns.
Access to Emerging Projects:
Participation in the LeverPro Launchpad provides early access to promising new DeFi projects.
Growing Ecosystem:
LeverFi’s continuous development and expansion into new chains could drive increased adoption and demand for LEVER.
USP of the Coin
Combination of Leverage and Yield:
Unique in providing a platform where users can leverage trade while earning yield on their collateral.
Decentralized Governance:
Empowers community members with a significant say in the protocol’s direction.
Cross-Chain Capability:
Supports a broad range of assets across multiple blockchains, enhancing its utility.
Problem the Coin is Solving
LeverFi addresses the lack of platforms allowing leveraged trading without sacrificing the potential to earn a yield on collateral. It aims to bridge this gap by offering a solution where users can maximize their trading strategies while their unused collateral generates yield.
Founder and Team Background
Lawrence Lim and Loh Zheng Rong are the co-founders of LeverFi, initially known as RAMP DEFI, a project they started in 2019. Their backgrounds blend expertise from traditional finance, marketing, and the burgeoning field of cryptocurrency, contributing to their vision for LeverFi.
ICO Price
ICO Price:
$0.5 per LEV (ERC20 token).
Initial Allocated Units:
730,000 tokens during the ICO.
Risks Associated in Investing in the Coin
Market Volatility:
The inherent volatility of cryptocurrencies can lead to significant price fluctuations.
Regulatory Risks:
Changes in regulations could adversely affect LeverFi’s operations and token value.
Technical Risks:
Potential vulnerabilities in smart contracts could lead to loss of funds.
Competition:
The DeFi space is highly competitive, with many platforms offering similar services.
Liquidity Risk:
Depending on market conditions, there might be liquidity issues affecting the ability to buy or sell LEVER tokens.
Summary of the Whitepaper
LeverFi is a pioneering platform in the decentralized finance (DeFi) space, focusing on delivering innovative solutions and opportunities for the rapidly growing Web3 user community. With a strong emphasis on the Bitcoin (BTC) ecosystem, LeverFi aims to empower its users with unique DeFi offerings through its suite of products, including LeverPro and Lever V2, across multiple ecosystems.
Tokenomics
The LEVER token powers the LeverFi ecosystem as a governance and staking token. Users can stake LEVER tokens for periods ranging from 1 to 12 months to earn LVR tokens, with more extended lockup periods yielding more LVR tokens. This staking mechanism underpins the LeverPro launchpad, providing exclusive access to Initial Inscription Offerings (IIOs) and Initial Dex Offerings (IDOs) of high-potential DeFi projects. LEVER token holders can participate in protocol governance on the Lever V2 platform, influencing trading fee discounts, protocol management policies, and new network deployments.
Use Cases
LeverFi enables traders to earn yield and leverage trades on-chain, enhancing their capital efficiency. The platform supports up to 10x leverage using yield-bearing tokens as collateral, allowing traders to deposit various tokens to generate additional profit through third-party farming pools. This unique approach not only facilitates leveraged trading but also enables passive income generation for both traders and lenders within the ecosystem.
Partnerships
LeverFi has established strategic partnerships to expand its offerings and user base. Notable collaborations include Orange Crypto for a full-suite BTC DeFi platform powered by AI, Yield Ventures for investments and advisory, and the Elfin Metaverse for land purchases using LEVER tokens. These partnerships underscore LeverFi’s commitment to innovation and community engagement.
Roadmap
Looking ahead to 2024, LeverFi’s roadmap includes the launch of an aggregated token trading marketplace with Telegram bot functionalities, DeFi development within the BTC ecosystem, and the introduction of a ZK-powered L2 protocol for enhanced scalability and privacy. These initiatives reflect LeverFi’s ongoing efforts to address the evolving needs of the DeFi community and maintain its position as a leader in the space.
In conclusion, LeverFi’s whitepaper outlines a comprehensive strategy for leveraging the power of DeFi to provide innovative solutions for traders, lenders, and the broader Web3 community. Through its unique tokenomics, diverse use cases, strategic partnerships, and forward-looking roadmap, LeverFi is poised to drive the next wave of innovation in decentralized finance.
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Price
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Price as per 01:15 PM • 02 Dec 2024
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What is the price of LeverFi (LEVER)?
The current price of LeverFi (LEVER) in INR is ₹0.22 INR.
What is the current LEVER market cap?
The current market capitalization of LeverFi (LEVER) is ₹7,48,10,06,200.80 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of LEVER by the number of coins in circulation.
What is the current supply of LeverFi (LEVER)?
The current supply of LeverFi (LEVER) is 34966495587.93 LEVER. This figure represents the total number of coins that have been mined and are currently in circulation.
What is the 24 trading volume of LeverFi (LEVER)?
The 24-hour trading volume of LeverFi (LEVER) in INR is ₹1,33,24,57,193.76. This figure represents the total value of all LEVER transactions across various exchanges within the last 24 hours.
How to Buy LeverFi (LEVER) in India?
To buy LeverFi (LEVER) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in LEVER.
Can I buy LeverFi (LEVER) with UPI?
Yes, you can buy LeverFi (LEVER) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.
How to Convert LeverFi (LEVER) to Indian Rupee (INR)?
To convert LeverFi (LEVER) to Indian Rupee (INR), you can use our LEVER/INR conversion rates in real time.