Levana Protocol

Basics

• Based in:
• Started in / Announced on: 31-8-2021
• Testnet release:
• Mainnet release:
• Brings leverage to the Terra ecosystem.

History

• From their announcement (31-8-2021):

"Being one of the few projects currently being incubated by Delphi Labs, it will work closely with Mars Protocol to make this happen."

Audits & Exploits

• Bug bounty program can be found [insert here].

Token

Token Allocation

• 50% of tokens allocated to the community and treasury (11-2021).

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on: Terra

How it works

• From their announcement (31-8-2021):

"Levana will generate leverage through the use of The Leverage Capsule, which is a mechanism designed to simplify and automate the entire process. The specific steps in which The Leverage Capsule goes through are listed below:

• Step 1: LUNA is deposited into Mars Protocol in exchange for maLUNA.
• Step 2: maLUNA will enable the ability to borrow UST which is then used to buy LUNA on DEXs.
• Step 3: This process is repeated until it reaches a preset leverage level (e.g. 2x LUNA).

If the leverage level is too high, The Leverage Capsule will de-lever by reversing the process."

Products

• The first product Levana will launch with is the Levana Leverage Index (LLI) token (31-8-2021).

Roadmap

• Can be found [Insert link here].

Team, Funding and Partners

Team

• Full team can be found [here].

(:

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