Level
Level is a decentralized stablecoin protocol issuing lvlUSD, fully collateralized by USDC and USDT deployed into blue-chip DeFi lending protocols like Aave and Morpho to generate yield. Users mint lvlUSD by depositing stablecoins and can stake to earn DeFi-native yield. The protocol raised $6M+ from Polychain Capital and Dragonfly. Note: Level is sunsetting as the team joins a leading DeFi protocol.
Total Value lock 
$0
Tokens issued
-Blockchains
1Exchanges
-Partners
-Licenses
-Founded
2024Total Value Locked by Chains
| # | Chain name | % | Distribution |
|---|---|---|---|
 Not found Sorry, there are no related tokens. | |||
Platform Profile
Type
stableCoinWebsite
https://level.money
Issuer
Peregrine ExplorationAddress
Documentation
https://level-money....Jurisdiction
United StatesAPI available
falseStatus
UnregulatedAbout LevelLevel, developed by Peregrine Exploration, launched in Q4 2024 as a yield-bearing stablecoin protocol that generates returns exclusively from DeFi-native sources rather than centralized yield like treasuries or CEX basis trades. lvlUSD is fully collateralized by fiat-backed stablecoins (USDC, USDT) which are supplied to lending protocols such as Aave and Morpho for yield generation, with automated reserve management via audited open-source smart contracts. The protocol grew to over $80M market cap and $96M TVL within five months with 10,000+ users. lvlUSD integrated with Pendle, Spectra, LayerZero, and Morpho for collateral use. The protocol raised over $6M total from Polychain Capital, Dragonfly, Robot Ventures, Flowdesk, Blockchain Founders Capital, with angel investors including Balaji Srinivasan and Sam Kazemian. The team has announced it is joining a leading DeFi protocol and sunsetting the product.