Buy LeverFi (LEVER)
What is LeverFi?
LeverFi is a decentralised finance (DeFi) platform that operates on the Ethereum blockchain. It focuses on providing services related to leveraged trading and yield farming, aiming to offer users a secure and efficient way to interact with digital assets. LeverFi also features cross-chain compatibility, supporting Ethereum and other EVM-compatible chains such as BNB Chain, Avalanche, Polygon, Arbitrum, and Optimism.
How does LeverFi work?
LeverFi works by allowing users to deposit collateral into loan pools, which enables them to trade with leverage, up to 10x, on various cryptocurrencies. The platform's smart contracts facilitate transactions, manage collateral, and distribute interest and earnings. LeverFi's infrastructure includes components such as a Collateral Manager, Trading Manager, Lending Manager, and Risk Manager, which collectively ensure efficient handling of trades and risk management.
What are the potential use cases for LeverFi?
LeverFi offers several use cases, including:
- Leveraged Trading: Providing a platform for traders to use up to 10x leverage on various cryptocurrencies.
- Yield Farming: Allowing users to earn interest on their deposited collateral by redirecting it to third-party protocols.
- Cross-Chain Compatibility: Supporting transactions across multiple networks, enhancing the utility and accessibility of the platform.
What is the history of LeverFi?
LeverFi was initially known as RAMP DEFI, founded in 2019 by Lawrence Lim and Loh Zheng Rong, who brought their expertise from the traditional financial sector and blockchain projects, respectively. The project rebranded to LeverFi, focusing on addressing liquidity and cross-chain compatibility issues in the DeFi space. LeverFi has evolved over time to include offerings like LeverTrade, LeverPro, and OmniZK, and has established partnerships with notable investors and funds such as ParaFi Capital and Signum Capital.
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Frequently Asked Questions (FAQs)
What is the current price of LeverFi (LEVER)?
The LeverFi price is $0.00269415 AUD, representing a -10.33% from the day prior.
Where is the best place to buy LeverFi (LEVER) in Australia?
The best place to buy LeverFi (LEVER) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell LeverFi (LEVER) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of LeverFi (LEVER)?
The trading volume of LeverFi (LEVER) is $19.0M AUD in the last 24hrs, representing a -10.33% from the day prior.
How can I buy LeverFi (LEVER)?
LeverFi (LEVER) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of LeverFi (LEVER)?
The current market cap of LeverFi (LEVER) is $93.2M AUD.
Can I convert LeverFi (LEVER) to cash?
Yes - With Coinstash you can convert your LeverFi (LEVER) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many LeverFi (LEVER) are there?
The current circulating supply of LeverFi (LEVER) is 35.0B.
Is Coinstash a safe place to buy LeverFi (LEVER) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling LeverFi (LEVER) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.