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.
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.
LeverFi offers several use cases, including:
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.