madlaboratoor (madlaboratoor)
Craftoor of the best airdrop recipes. Just an experiment away from generational wealth. Everything is an Experiment.
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PRESENTING lvlUSD [experiment type: stablecoin💵] Level USD (https://x.com/levelusd) is the leading stablecoin protocol fully powered by DeFi-native yield. How and why you should participate in this experiment 👇🧵
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Laboratoor’s Journal Entry #1📔 Recently I find myself deeply pondering the realm of stablecoins. That is, of course, a natural destination for one’s mind to wander during a bear market. I’ll take for example the beloved Ethena USDe—a synthetic yield-bearing dollar, born from the alchemy of perpetual funding and delta-neutral hedging. This battle-tested behemoth sits atop a treasure trove of over $6 billion in TVL, solidifying itself as a decentralized stablecoin paragon. Yet, my inquisitive mind cannot help but conjure the darker scenarios: - What if USDe were to depeg? - What if the value of Ethereum, the lifeblood collateral of Ethena, continues its downward spiral? - And, most terrifying of all, what if USDe succumbs to the same fate as the Terra/Luna algorithmic stablecoin? I admit I fear much less of these thoughts, however, since I stumbled upon the innovation of Level USD (lvlUSD).
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This ingenuity is a fully collateralized yield-bearing stablecoin, minted permissionlessly from USDC and USDT. Unlike Ethena USDe, lvlUSD generates its yield not through the mystical arts of perps funding and delta-neutral strategies, but by deploying the stablecoin deposits into lending protocols such as Aave, with a portion of the lending receipt tokens restaked into protocols like Symbiotic. In other words, a composable assortment of yields, if you will. Though Levels is not completely immune to the inherent risks of it’s sister Ethena, it does create a new paradigm in DeFI stablecoin composability. Imagine a new project swiftly bootstrapping protocol liquidity using fully collateralised staked Level USD (slvlUSD) or a hybrid combination of Level USD, Ethena USD, and/or restaked ETH in Eigenlayer.
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Backed by Dragonfly & Polychain Capital ($6.1mm funding) ~11k users only (still early!) $100mm+ TVL; $91mm marketcap 8.32% (dynamic) APY on your stables Multiple integrations incl. Curve, Symbiotic, Morpho, Pendle, Resolv (+more) —> easy 2-in-1 multi airdrop farm play
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