NFTs and Perps
NFTs have proven to be a successful addition to Perps and Levana intends to learn from these platforms.
GMX, dYdX, and GNS each have different use cases supported by community development. The GMX community lead project, Blueberries, which integrates into GMX, includes an independent roadmap with features such as customization, mirror trading, Discord integration, and more.
Similarly, DyDx’s NFTs, Hedgies, are used for trading fee discounts and team-based trading competitions. Gains Networks NFTs, GFARM2, include a boost to LP rewards, access to trading bot APIs, and spread reduction.
While NFTs with Levana Perps will start with simply hatching eggs and burning dust, the opportunity to create unique experiences for LPs and traders via NFT integration is exciting. We anticipate it will help Levana stand out from the other Perps products on Cosmos.
After the launch of Perps, egg holders will be able to merge dust and eggs into their Perps account, resulting in the creation of Dragon NFTs.
These NFTs may be used for premium benefits in Perps and future Levana products.
To simplify messaging around the DeFi and NFT communities, a discord was created for NFT holders by the community, and a new discord will be launched focused on traders.
For Rekt Dragons, the Levana team is also monitoring the progress of the Gravity Bridge and other ways to connect Ethereum minted NFTs to Comsos. Once there is a stable and secure utility to migrate NFTs from Ethereum to Cosmos, the team will explore a token incentivization programs to encourage RD holders to move their NFTs to Cosmos.
In conclusion, the world of Levana is moving forward rapidly, with the Perps project at the forefront. The team is focused on building a unique and exciting DeFi platform that offers users a range of benefits, including the creation of Dragon NFTs, token incentives, gamification, and more. Keep an eye on Levana in 2023 as we continue to push the boundaries of what is possible within crypto.
Join our telegram group https://t.me/levanaprotocol and sign up for our incentivized trading competition https://beta.levana.exchange/
Read more about Levana’s plans for 2023 here
