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].
Bugs/Exploits
Governance
Admin Keys
DAO
Treasury
Token
Launch
Token Allocation
- 50% of tokens allocated to the community and treasury (11-2021).
Utility
Other Details
Stablecoin
Coin Distribution
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."
Fees
Upgrades
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Privacy Method
Compliance
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].
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
- Full team can be found [here].
Funding
Partners
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