LeverFi is a platform enabling on-chain leveraged trading with collateral that earns yield. LeverFi allows users to generate yield while executing trades with leverage. The platform supports many kinds of collateral, including leading tokens (like BTC, ETH, and BNB) as well as LP assets (such as Curve-LP, Uni-LP, and Cake-LP). Once deposited, these assets are redirected to farming venues like Yearn, Convex, or Pancake to generate yield for users.

LeverFi runs on LEVER, its governance token, with a total supply of 35 billion. Governance participation requires users to lock LEVER for a duration ranging from 6 months to 48 months, which entitles them to receive xLEVER tokens. Each xLEVER token corresponds to one governance vote. Longer lockups result in more xLEVER per the same amount of LEVER, allowing holders with fewer tokens but extended lock periods to achieve voting power comparable to larger holders with shorter lockups. Additionally, users can stake xLEVER to earn a portion of protocol rewards paid in ETH and LEVER.