Just recently, Lever.Network has made a huge announcement for the entire cryptocurrency industry as well as its followers. The margin-trading platform has announced that it has successfully carried out a seed-funding round. From the particular seed-funding round, the protocol has reportedly raised around $600,000.
For those who are unfamiliar with Lever.Network, it is considered the top margin-trading platform, which is decentralized in nature and is the number one Automated Market Maker (AMM).
Lever.Network has also shared the names of the firms that have led and contributed towards the seed-funding round. The names of the top contributors include AU21 Capital, LD Capital, ArkStream Capital, and NGC Venture.
Then some more contributors such as DFG Crypto, YBB, DAOMaker, and many more venture capitalist firms are top of the line.
Lever.Network has confirmed what it plans to do with the funds it has raised through the seed-funding round. According to the firm, it will be using the generated funds for the development of its services and protocols. The firm is also determined to enhance and grow its ecosystem, and for that, it will be using the raised funds very effectively as well as efficiently.
The firm has also revealed that it plans to grow its protocol as well as the ecosystem on all major blockchains. The firm was specific when it mentioned the names of the two major blockchain protocols that are Binance Smart Chain and Ethereum blockchain.
Lever Protocol exists as a highly resourceful and reliable platform that is known for facilitating users in margin trading. With the help of the Lever Protocol’s platform, the users can perform leverage trading, borrow, and lend. The best thing about Lever Protocol is that the users do not have to transfer their assets or funds to a third-party platform.
Some of the most prominent and key features offered by Lever Protocol are its platform’s comprehensive interface, high capital efficiency, and enormous liquidity.
The interface offered by the Lever.Network is highly comprehensible and easy-to-use. The tools, features, and services on the platform are easily accessible. The platform offered by the protocol allows users to place short/long orders with a single click.
The high capital efficiency on the platform allows users to acquire higher loans and margins while trading so they can increase their profits, and gains while trading. Through the platform, the users can also stake their deposited assets, earning interest on them.
When it comes to offering enormous liquidity, the platform offers users the ability to open short or long positions in different assets such as Aave, Wrapped Bitcoin (wBTC), Synthetix (SNX), and Uniswap (UNI).
Lever.Network is able to do it because it has successfully introduced third party automated market makers (AMM) such as PancakeSwap, SushiSwap, and Uniswap on its platform