LeverUp Launches LP-Free Perpetuals Exchange Powered by Monad

A new DeFi platform called LeverUp has launched its revolutionary LP-free perpetual exchange on the Monad blockchain. This innovative offering aims to simplify trading and provide a more transparent experience for users, eliminating the limitations of traditional liquidity provider models. Backed by Makers Fund, LeverUp leverages the speed and scalability of Monad to offer traders high leverage (up to 1001x) and uncapped open interest, all with zero fees. This unique approach eliminates the challenges associated with fragmented liquidity pools and complex fee structures commonly found in the traditional DeFi landscape.