LeverFi Receives USD 2 Million Investment from DWF Labs To Ramp Up DeFi Innovation
We are excited to share that LeverFi has received an investment of USD 2 million from DWF Labs, one of the largest market makers in Web3. This investment has a cliff lockup and vesting that takes place over a period of two years. LeverFi also obtained an additional USD 2 million OTC commitment which can be executed any time over two years if required. These fresh funds will be directed towards protocol innovation, marketing campaigns, and user acquisition.
Additionally, we are happy to share that DWF Labs and LeverFi have entered into a market making arrangement where DWF Labs will provide liquidity for LEVER trading pairs across relevant trading venues. In its search for a new market making partner, LeverFi had engaged in discussions with multiple liquidity providers, and received a range of market making proposals. DWF Labs had offered the most competitive market making terms, which was most aligned with our market making objectives.
Above and beyond liquidity provision, DWF Labs had also taken the initiative to assist LeverFi in growth and strategic business development activities. From introductions made by DWF Labs, we are already engaged in discussions with new exchanges, liquid venture funds and specialized marketing partners. We hope to have exciting new updates to share with our community very soon.
As we look ahead, LeverFi continues to innovate in decentralized finance, and there are numeous activities for our users to participate in. In the near future, our community can expect the launch of the LEVER governance staking program and various growth marketing campaigns with our partners.
The beta deployment of LeverFi on Ethereum had also yielded excellent results. After several rounds of user feedback, we are excited to deliver the freshly conceptualized LeverV3 platform update that brings new upgrades to our protocol. The latest growth and product roadmap, that brings us into the next Bitcoin halving, will also be released shortly to provide clarity and set expectations for the LeverFi community.
We look forward to your continued support on our journey to bring greater innovations to decentralized finance!
About DWF Labs
DWF Labs is the global digital asset market maker and multi-stage Web3 investment firm, supporting portfolio companies from token listing to market making to OTC trading solutions.
With offices in Singapore, Switzerland, the UAE, Hong Kong, South Korea and BVI, the investment company DWF Labs is an affiliate of Digital Wave Finance (DWF), which consistently ranks among the top 5 trading entities by volume in the cryptocurrency world through its proprietary technology for high frequency trading.
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LeverFi: Innovation, Always.
LeverFi is an on-chain, cross-margin platform on Ethereum, offering DeFi users a best-in-class leveraged trading platform with new omni-chain deployments in the pipeline.
With our eyes set on offering innovative opportunities and incentives, we’re thrilled to bring the LeverFi experience to a community of passionate traders like you.
Stay tuned for more updates as we continue to expand to more users globally, and enhance the way traders engage with decentralized finance by following us on our socials:
- Trade now: https://app.leverfi.io
- Follow us on Twitter to learn more: https://twitter.com/leverfi
- Visit our website to learn about LeverFi: https://www.leverfi.io
- Follow our blog for product updates & DeFi insights: https://medium.com/leverfi
- Learn about the LeverFi product design: https://docs.leverfi.io
- Join our fast-growing community of DeFi enthusiasts on our official Telegram channel.
