LeverFi is a leverage trading protocol that operates on the blockchain and allows users to trade and earn simultaneously with up to 10x leverage. Traders can deposit various collateral assets such as BTC, ETH, Curve-LP, Uni-LP, and more to trade the price fluctuations of assets with leverage. The collateral is deposited into farming protocols, enabling traders to earn yields while engaging in leverage trading.

LeverFi is supported by $LEVER, an Ethereum-based governance token. To participate in governance, users must lock up their $LEVER tokens for a period ranging from 6 to 48 months, which grants them $xLEVER tokens. Each $xLEVER token represents one voting right in the governance system.

By opting for longer lockup periods, users receive more $xLEVER tokens for the same amount of $LEVER tokens. This ensures that token holders with smaller holdings and longer lockups possess comparable voting power to token holders with larger holdings but shorter lockup periods.

Users can stake their $xLEVER tokens to earn a portion of the protocol rewards, which are distributed in the form of $ETH and $LEVER tokens.

LeverFi is a decentralized leverage trading platform that was formerly known as RAMP DEFI. The rebranding was done in March 2022 to address the challenges in the DeFi market. LeverFi aims to provide a solution to the lack of sustainable TVL and utility in the current DeFi market.

The platform allows users to trade and yield farm simultaneously. Lenders deposit funds into lending pools and earn interest from traders who borrow to leverage trade up to 10X. Any unused liquidity from lenders is deposited into other DeFi protocols to generate more yield.

LeverFi also acts as a bridge between Ethereum and EVM-compatible chains like BNB Chain, Avalanche, Polygon, Arbitrum, Optimism, and more.

LeverFi was founded by Lawrence Lim and Loh Zheng Rong. Lawrence Lim, the co-founder, has a background in traditional finance and previously worked with IOST, a blockchain network. Loh Zheng Rong, the co-founder and marketing lead, has a B.B.A in Finance Wealth Management and co-founded NOX, a blockchain infrastructure company.

LeverFi stands out by integrating trading and farming into a single platform. Users can deposit collateral as single assets, such as Bitcoin, Ethereum, Curve liquidity provider tokens (LP), and Uniswap LP, and unify their collateral to trade with larger positions.

The platform supports pair trading, hedging with leverage, and can be used in conjunction with DEX/CEX derivatives. LeverFi charges a 1% trade fee and routes trades to pre-existing DeFi protocols and decentralized exchanges.

The LEVER token is a governance token with a maximum supply of 35 billion tokens. Users can participate in the protocol's governance by locking up LEVER for 6 to 48 months. Each token represents one vote and allows users to oversee issues related to collateral, lending pools, and tradable assets.

LeverFi is an Ethereum-based platform secured by the Ethash proof-of-work (PoW) consensus mechanism. However, Ethereum is expected to transition to a more energy-efficient proof-of-stake (PoS) consensus mechanism with the Ethereum Merge in September 2022.

The tokenswap between LeverFI and RAMP was projected to begin in June 2022, indicating that trading has already started as of early August 2022.

Shortly after its launch, the Lever token reached an all-time high (ATH) of $0.0053. However, the token's value has since declined, despite a 15% price spike following a Binance AMA promotion in July 2022. The potential for LEVER to reach $1 depends on LeverFi's roadmap execution and its ability to attract users to the platform. The large circulating supply may pose a challenge to reaching $1.

LEVER can be purchased on leading centralized exchanges such as Binance, Gate.io, MEXC, Tokocrypto, Bitrue, Pionex, BKEX, Mandala Exchange, Hotcoin Global, BingX, and CoinEx.