LeverFi

LeverFi, formerly known as RAMP DEFI, is a decentralized leverage trading platform. The platform aims to address the issues within the current DeFi market, such as a lack of sustainable total value locked (TVL) and utility. LeverFi's goal is to create a product that provides value by allowing users to trade and yield farm simultaneously. The way it works is that lenders deposit funds into lending pools and earn interest from traders who borrow to leverage trade up to 10x. Any liquidity from lenders that is not used would be deposited into other DeFi protocols to generate more yield. LeverFi serves as a bridge for Ethereum and other EVM-compatible chains like BNB Chain, Avalanche, Polygon, Arbitrum, and Optimism. LeverFi charges a 1% trade fee and routes trades to pre-existing DeFi protocols and decentralized exchanges. The platform does not act as a counterparty to its users, avoiding "player versus player" (PvP) behavior, which the team claims is a conflict of interest. LeverFi is built on the Ethereum blockchain, which is currently secured by the Ethash proof-of-work (PoW) consensus mechanism. However, the platform is expected to transition to the more energy-efficient proof-of-stake (PoS) consensus mechanism once the Ethereum Merge occurs, which is projected to happen on September 19, 2022.