Notice something new? Level has made its first yield distribution to slvlUSD, with an APY of 54.27% as of December 19, 2024 💫
Stake your lvlUSD to earn yield: https://t.co/O3alviyfeW
Background
lvlUSD is backed by USDC/USDT that generates yield from multiple crypto-native sources including lending and restaking 🥞
So far, the $USDC / $USDT backing has been supplied on @aave to earn yield, which Level has been accruing as protocol revenue. In recent weeks, Aave yields have been driven by high funding rates reflecting the bullish sentiment in the crypto market 📈
Last week, we announced the beta launch of slvlUSD, allowing users to stake lvlUSD to earn yield.
Today, Level has started distributing this yield to slvlUSD holders, with weekly distributions scheduled moving forward⏳
slvlUSD APY depends on both protocol revenue and the amount of lvlUSD that is staked. APY will decrease if more people stake to earn yield instead of using lvlUSD to farm Level XP💡
Soon, slvlUSD will also earn restaking yield & rewards!
How to participate?
1. Acquire lvlUSD on https://t.co/7KXbJVL6tb
2. Stake your lvlUSD to accrue yield and check out your staking rewards at https://t.co/OIxf9VrsKG
3. When you unstake your slvlUSD, you will receive the lvlUSD you originally staked and the accrued yield!
You can also farm Level XP instead of earning yield by depositing lvlUSD (10x) or Curve lvlUSD/USDC LP tokens (20x) on https://t.co/VKBTXK1PLu
Share your referral link to get 10% of the XP farmed by people you refer!
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slvlUSD APY calculated as protocol revenue rewarded to slvlUSD in the trailing 7 days, divided by market cap of staked lvlUSD at the time of the latest reward, annualized with weekly compounding.
slvlUSD APY last updated on December 19, 2024.
Past performance does not guarantee future results.
Not available for US persons.
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