Levana, an acronym for “Leverage any Asset,” is a fully onchain perpetual swap platform. Levana Perps is currently deployed on 3 blockchains: Osmosis, Sei and Injective. The protocol has partnered with Osmosis DEX, the largest spot AMM on Cosmos; Injective, the most popular Cosmos chain for leverage; and SEI, the fastest Cosmos network, to bring peer to pool onchain perpetual swap trading to the Cosmos ecosystem. Incubated by Delphi Labs, Levana counts key Investors such as Arrington XRP, Tribe Capital, Spartan Capital, Dragonfly, Coinfund, Parafi, and more.

LVN is the native governance token that will govern every aspect of the platform such as:

• Which Markets are listed
• Which Blockchains the Protocol is deployed to.
• What fees are collected
• More.

The Levana Protocol mainnet token went live on December 18, 2023. At genesis, 1 Billion tokens were issued, with 70 Million Levana tokens entering circulation at that time. From the start until Month 13, 1.7% of the tokens are released monthly. Beginning in Month 13 and continuing through Month 30, the monthly issuance rate increases to 4.01%. These token emissions are distributed among the Treasury, Team, Advisors, Contributors, and the Levana Community. For further specifics, refer to the token emissions chart titled "Token Emissions - 1B Tokens Levana November 5th, 2023."

You can trade Levana on an increasing selection of exchanges, which currently offer pairs with both cryptocurrencies and stablecoins.

The protocol primarily targets the risk of illiquidity. Most perpetual platforms operate on a longs-versus-shorts model, where one side’s profits come from the other’s losses. While this structure is logical, it depends on balanced markets. History shows that during extreme events, like market meltdowns, these conditions may not persist, potentially leaving the system with too little liquidity to pay traders their due gains.

Levana also aims to tackle market manipulation. In low-volume markets using traditional vAMM or mark price methods for perps, traders can easily shift prices within the protocol. This vulnerability can result in forced liquidations and allow for easy profit extraction.

Levana Protocol functions as a decentralized finance (DeFi) platform that focuses on asset leverage via sophisticated tools such as perpetual swaps. It strives to create a dependable and secure marketplace for liquidity providers and traders, with the goal of reducing liquidity-related risks and guaranteeing fair settlements.

The protocol presents a fresh method for perpetual swaps, which are financial derivatives, by resolving frequent problems in current systems. It specifically targets market manipulation and illiquidity risks, which are common on traditional perp platforms and in low-volume markets. Levana employs a peer-to-pool onchain trading mechanism for perpetual swaps, intended to provide a more secure and balanced environment.

Levana is active on several blockchains, namely Injective, Sei, and Osmosis, utilizing their distinct characteristics to improve its services. For example, its collaboration with Osmosis DEX enables integration with the Cosmos ecosystem's largest spot Automated Market Maker (AMM), allowing for leverage trading on a quick and popular network.

The ecosystem relies on the native governance token, LVN. LVN holders possess the power to make significant platform decisions, including determining fee structures, listing markets, and deploying the protocol to new blockchains. This governance framework aims to guide the platform’s evolution in a way that serves its community.

The mainnet token launch occurred on December 18, 2023, releasing 70 million Levana tokens from a genesis supply of 1 billion. The distribution plan intends to allocate tokens gradually to the team, advisors, contributors, treasury, and the Levana community over a set timeframe to ensure balanced allocation.

LVN tokens can be traded on various exchanges, offering pairs with stablecoins and other cryptocurrencies for those wishing to engage with or invest in the protocol.

Given the volatility of the cryptocurrency market, thorough research and risk assessment are essential before investing. While Levana Protocol’s innovative approach to DeFi and perpetual swaps makes it a notable project in the blockchain sector, making informed decisions remains critical.

Levana Protocol employs a variety of safeguards to protect its platform and user assets. It initially integrated support for Ledger hardware wallets, enabling users to keep private keys offline and thereby lowering the threat of online unauthorized access.

After a security breach caused substantial losses, the team strengthened its defenses. They performed a detailed security audit to pinpoint and fix the exploited vulnerability, a move essential for comprehending the attack and avoiding repeat occurrences.

Additionally, Levana Protocol created a full compensation scheme for impacted users, highlighting its dedication to trust and integrity. This dual strategy tackles immediate financial harm while aiming to rebuild confidence in the protocol’s security.

The security framework is bolstered by incubation from Delphi Labs and alliances with major blockchain networks. These partnerships add layers of oversight and expertise. Because the protocol operates on several chains, including Osmosis, Sei, and Injective, it requires a strong security structure to handle the distinct risks of each network.

In short, Levana Protocol’s approach blends hardware wallet compatibility, thorough audits, strategic collaborations, and a user-centric compensation plan. These actions reflect Levana’s commitment to providing a secure environment for onchain perpetual swap trading in the Cosmos ecosystem.

Levana Protocol functions as a decentralized finance solution focused on the perpetual futures swap market. It allows traders to bet on future asset prices without expiration dates, serving both traders and liquidity providers while enabling other financial protocols to build upon its tokenized positions.

To counter illiquidity and market manipulation common in traditional platforms, Levana uses locked liquidity via LP tokens. These can be changed into xLP tokens and withdrawn over a set time, aiming to keep trading stable even during extreme market conditions.

The protocol has formed strategic partnerships within the Cosmos ecosystem, including Osmosis DEX, Injective, and SEI. These collaborations intend to improve efficiency and provide a seamless onchain perpetual swap experience across multiple blockchains.

Holders of the native token manage governance, deciding on matters such as fee structures, blockchain deployments, and market listings. This model aims to align the platform’s evolution with community interests. With a planned roadmap for token issuance and increasing exchange presence, Levana seeks to expand its role in decentralized finance. Users are advised to perform thorough research and consider risks before investing.

Levana Protocol has established itself through several major developments and alliances. A central milestone was the launch of its perpetual swaps protocol, which enables users to leverage assets efficiently. This release was accompanied by explainer slides designed to clarify the protocol’s mechanics and advantages for investors and users.

The ecosystem was further strengthened by the introduction of a well-funded perps protocol, providing stability and robust liquidity. This step reinforced Levana’s dedication to a reliable trading setting and prepared the ground for future expansion. Acknowledging the value of interoperability, the team has stated intentions to extend services to other blockchain networks, a move that could widen its operational reach and user base.

On the community front, Levana conducted the Levana Airdrop to reward and encourage participation. Additionally, the protocol integrated with the OKX Web3 wallet to improve accessibility and asset management for users.

Levana was incubated by Delphi Labs and backed by key investors, partnering with notable blockchain networks to build a solid foundation. Its governance model uses the LVN token to empower the community, allowing the protocol to adapt to user needs. As it evolves, Levana focuses on mitigating market manipulation and liquidity risks to foster a secure trading environment for onchain perpetual swaps. Potential users should perform their own research given the changing crypto landscape.