Lever.Network Successfully Closes a $600K Seed Funding Round
[PRESS RELEASE – Please Read Disclaimer]
Lever.Network, the number one AMM-based decentralized margin trading platform is excited to announce the successful completion of a $600,000 seed funding round led by NGC Venture, ArkStream Capital, LD Capital and AU21 Capital, along with contributions from DAOMaker, YBB, DFG Crypto and other top VCs in the field.
The fund raised from the seed round will be committed to the continuous growth and expansion of the Lever Network protocol and its ecosystem on the Ethereum Blockchain, Binance Smart Chain and other public chains in the future.
Lever Taking DeFi to the Next Level
While decentralized finance, also known as DeFi, is experiencing exponential growth, it is also faced with a major challenge of low utilization of funds. On the one hand, lending and trading are relatively isolated in DeFi as users cannot take out loans and directly trade within a single lending protocol or DEX. On the other hand, margin trading as a trillion-dollar market in the crypto world is absent from DeFi, i.e. users can hardly long or short an asset in any DEX.
To resolve this problem and take DeFi to the next level, the Lever protocol is developed. Lever is a decentralized margin trading platform that allows users to lend, borrow and carry out leveraged trading without needing to transfer assets to other third-party platforms. Its innovative features are as follows:
- Enormous Liquidity. By introducing external AMMs, like Uniswap, SushiSwap and PancakeSwap, users can open long and short positions on our platform with a wide range of assets including Uniswap( UNI), Synthetix( SNX), Wrapped Bitcoin( wBTC) and Aave.
- High Capital Efficiency. As both a lending platform and a DEX, Lever provides a trading scenario for loans and also offers margin trading service to traders, which can significantly increase loan frequency and loan size, making high capital efficiency possible. Moreover, Lever allows users to use their tokenized deposit certificates from other lending platforms to earn interest or take out loans for leveraged margin trading.
- Easy-to-use Interface. A visualized position management interface is designed to help users easily open or close positions in just one click. Besides, by integrating with TradingView, a professional candlestick chart is also provided to ensure the best trading experience.
The Lever team is made up of a group of experienced experts in the field and with its upcoming launch on Ethereum Layer 2 (Optimism) and BSC, Lever is going to be a game-changer in DeFi. The platform has launched its testnet beta and will announce news of its upcoming IDO, Airdrops, Public Sales and Mainnet Launch soon. For more information please visit: