LeverUp, a new Liquidity Provider (LP)-free perpetual exchange, has launched on the Monad blockchain, offering traders a next-generation DeFi platform. Backed by Makers Fund, LeverUp eliminates traditional fee structures and delivers a transparent trading experience with uncapped open interest, free liquidity provider options, and scalability, all powered by a user-friendly interface. 100% of protocol fees are returned to users, enhancing network value while promoting a more balanced market environment. This launch addresses the current limitations in market flexibility and high transaction costs faced by traders across platforms. LeverUp simplifies trading for users through its LP-free design, allowing them to engage directly with the protocol, unlocking unprecedented capital efficiency and truly flexible open interest.
The platform leverages Monad’s fast and scalable layer-1 blockchain for seamless transactions, providing users with on-chain transparency into every position, metric, and protocol flow. LeverUp offers up to 1001x leverage across major cryptocurrencies and real-world assets, powered by an institution-grade risk engine. This unique approach enables traders to access the benefits of DeFi without the traditional barriers and limitations.
The emergence of platforms like LeverUp promises to revolutionize the way we trade in the rapidly evolving world of cryptocurrency, bringing transparency and innovation to a sector that has long been marred by complexity and inefficiency.