LEVER Governance Staking Now Live! 2,000,000,000 LVR Up for Grabs

LeverFi
LeverFi
Published in
2 min readOct 16, 2023

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We are happy to share that the LEVER Governance Staking Program is now live! Users with LEVER tokens can head over to the staking portal to participate in staking:

Staking Portal: https://gov.leverfi.io/stake

Governance Staking Guide

Step 1: Choose the Staking Multiplier and Stake Your LEVER

Based on the Lock Duration, a Staking Multiplier is applied to generate xLEVER tokens:

  • 30 Days Lock: 1x Multiplier (1,000,000 LEVER = 1,000,000 xLEVER)
  • 60 Days Lock: 2x Multiplier (1,000,000 LEVER = 2,000,000 xLEVER)
  • 90 Days Lock: 3x Multiplier (1,000,000 LEVER = 3,000,000 xLEVER)

In effect, a Governance Node who locks up 1,000,000 LEVER for three months can expect to earn the same amount of Governance Points as a Governance Node who locks up 3,000,000 LEVER for one month.

This means that users with less LEVER but willing to make longer-term commitments and contributions can still have strong representation in governance, and have the same voice as larger holders.

Step 2: Stake xLEVER to earn Governance Points (LVR)

The xLEVER tokens can be staked to earn Governance Points, which are accumulated as LVR.

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LeverFi
LeverFi

Permissionless on-chain leveraged trading