LEVR Money is coming out of stealth.
Our vision is simple: bring more users into options trading by making it easier to understand, easier to access, and more rewarding to use.
LEVR will be built on top of Derive v3, using established options infrastructure and deep existing liquidity while adding a new Robinhood-native layer for distribution, incentives and structured products.
We chose Robinhood Chain because @RobinhoodCrypto is already home to a massive base of retail traders. As more of those users begin moving onchain and experimenting with crypto-native financial products, we think there is a major opportunity to make options significantly more accessible to them.
Users will be able to trade options across crypto and popular Stock Tokens, while earning additional rewards for routing activity through LEVR.
Over time, projects and ecosystems will also be able to incentivize specific markets, helping direct attention, liquidity and trading activity toward the markets they want to grow.
Alongside direct options trading, we’re building standalone structured products designed for users who want options-based returns without having to actively trade options themselves.
These products package strategies into a simpler format, giving newer users a way to access strategies like covered calls and other yield-generating structures without needing to manage strikes, expiries or individual positions themselves.
The business ultimately has three core revenue layers:
1. Fees generated from options flow routed through LEVR.
2. Fees generated from standalone structured products and automated strategies.
3. Fees generated from the incentive layer built around markets, liquidity and trading activity.
The closest analogy is what Convex and Aura did around existing DeFi primitives: rather than rebuilding the underlying infrastructure, they built aggregation, distribution and incentive systems around infrastructure that already worked.
We think a similar model can be applied to derivatives.
@DeriveXYZ provides the underlying options infrastructure. LEVR is being built as the financialization and incentive layer on top of it for Robinhood Chain.
We’re starting deliberately, launching individual markets and products one at a time as liquidity and demand develop.
More soon.
LEVR is opening up referrals.
For the first stage, you can invite friends to join LEVR and earn referral rewards as we bring more users onto the platform.
But referrals are just the beginning.
Stage 1: bring your network to LEVR
Stage 2: make options trading more social
We’re working toward PNL leaderboards, trader profiles and the ability to discover and follow other traders.
More details on the referral program soon.
→ https://t.co/ikQeYkgwd0