What is LeverFi (LEVER)?

LeverFi is a unique decentralized leverage trading platform with LEVER as its native token. It provides an on-chain leverage facility and a suite of other features of DeFi solutions. Traders deposit collateral on it to get up to 10x leverage value for taking larger trading positions while earning yields on their collateral. On the other hand, Lenders can lend their assets to traders on LeverFi and earn real yield without losing their ownership in the process.

Lawrence Lim and Loh Zheng Rong initially founded Leverfi as RAMP DEFI but later rebranded it to LeverFi in March 2022, RAMP DEFI was to bring focus to its revised leveraging strategies.

As the platform's native token, LEVER powers the staking, governance, and other network transactions in the LeverFi ecosystem. Additionally, LEVER plays various roles in different products offered by LeverFi. It has a total supply of 35 billion, with 83% currently in circulation.

How Does LeverFi (LEVER) Work?

LeverFi combines leverage facilities with the DeFi experience. It sets up a smart-contract-run ecosystem that connects traders willing to borrow a loan for trading and lenders willing to lend their crypto. It allows traders to borrow a loan of up to 10 times their deposited collateral from LeverFi's loan pools while also letting them earn a yield on their collateral. Those with idle crypto assets can lend their crypto to LeverFi loan pools to earn interest. LeverFi integrates yield farming by depositing the collateral it gets on other DeFi protocols to generate returns on them, benefitting its users from the liquidity of multiple platforms.

While traders can borrow leverage from LeverFi, they do not have direct access to the borrowed assets. They can only use them for trading and withdrawing profits to their wallets. If they face loss, the LeverFi protocol automatically locks the withdrawal of their collateral until the trader repays the leverage amount. In case of the worst transaction outcome, the user's trading position gets forcibly closed, and the collateral will be given to the lender.

For every transaction and transfer, LeverFi imposes a 1% fee payable in LEVER tokens. The platform diverts this fee in LEVER to reward the lenders who lend their funds to the liquidity pools. When LEVER holders lock their funds for 6 to 48 months in the LeverFi staking protocol, they receive xLEVER tokens in return, allowing them to participate in voting proposals associated with improving the protocol. The longer their locking period, the more xLEVER tokens they receive from the same LEVER tokens. The holders of the xLEVER also receive discounts on the trading commission for holding xLEVER in their wallets.

How to Buy LeverFi (LEVER) in India?

There are many platforms where you can invest and Buy LeverFi (LEVER) in India.

One such platform is Flitpay. To buy LEVER in INR, you have to sign up to Flitpay, where you will have to enter the required details and go through a small KYC verification process.

After the KYC approval, ensure you have correctly entered your bank details. Now, through the linked bank account, deposit the amount you want to buy LEVER crypto and execute the purchase.

You can instantly convert your INR to LEVER and LEVER to INR and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

What to Do After Buying LeverFi (LEVER)?

LEVER can be used to buy other cryptocurrencies after converting them to INR through crypto exchange platforms like FLITPAY. You can also hold the LEVER till it reaches a high price, and then you can sell it through Flitpay's Quick Buy/Sell order facility. Users can earn significant profits from buying it at a lower price and selling it at a higher price.

FAQs

What is LeverFi (LEVER)?

LEVER is the native utility token of the LeverFi ecosystem. All types of fees imposed by LeverFi are payable only to LEVER tokens. The holders of the LEVER also get to vote on the improvement proposals associated with LeverFi. It has capped the total supply of 35 billion tokens.

What is the LeverFi (LEVER) price in India?

Check out the INR price of LEVER crypto in India today on Flitpay.

Which is the best cryptocurrency exchange in India to buy LEVER?

Flitpay is the best cryptocurrency exchange in India to buy LEVER, buy Uniswap, or your favourite cryptocurrencies. Flitpay supports instant UPI and bank deposits and bank withdrawals with a minimum deposit and withdrawal limit of INR 100.

How to buy LeveFi (LEVER) crypto in India?

You can easily buy LeverFi in India on safest crypto exchanges like Flitpay, with the lowest fees.

To buy LEVER coin in India:

1. Register on Flitpay and create an account.
2. Verify your identity through Know-your-customer (KYC)
3. Add INR or Fiat currency, corresponding to the amount of LEVER you want to buy.
4. Instantly buy LeverFi with the deposited funds.

What are the benefits of LeverFi (LEVER)?

LeverFi addresses one of the biggest problems traders face- the lack of funds for spot trading. It provides a decentralized leverage trading platform where traders can access up to 10x leverage, enabling larger trading positions and yield earnings on collateral. Lenders of these funds also benefit by earning yields without losing ownership. LEVER, the native token of LeverFi, powers staking, governance, and network transactions. Also, locking LEVER tokens in the staking protocol grants xLEVER tokens for governance participation and trading perks.

Is it safe to invest in LeverFi (LEVER) in India?

Yes, investing and trading LEVER is Safe in India. Flitpay is one of India's most secure cryptocurrency exchanges for buying LEVER crypto. It offers real-time prices and advanced investing features.

Where can I deposit and withdraw LeverFi (LEVER) crypto in India?

Your search for secure crypto deposits and withdrawals ends here. Flitpay is India's most trusted exchange to facilitate hassle-free and Instant deposits and withdrawals of all the top cryptocurrencies with minimal or no fees.