Level is a decentralized perpetual exchange that issues yield-bearing stablecoins through its CDP system, while Liquity offers 0% interest loans using Ether as collateral. Level integrates trading and lending in one platform, whereas Liquity focuses purely on interest-free borrowing. Level suits active traders seeking yield on stablecoins, while Liquity appeals to long-term Ether holders wanting cost-efficient leverage.
| Token Price | — | — |
| 24h Change | — | — |
| Market Cap | — | — |
| TVL | $566.7KDefiLlama | $219.5MDefiLlama |
| MCap Rank | #5328 | #935 |
| Total Raised | $6.2M | — |
| Founded | 2024 | 2020 |
| Stage | — | — |
| X / Twitter | 32K | 60K |
| GitHub Stars | 17 | 356 |
| Chains | arbitrumbnb-chainethereum | arbitrumethereum |
| Tags | Restaking, Stablecoin Protocol, DeFi | Decentralized Finance (DeFi), Arbitrum Ecosystem, Ethereum Ecosystem |
Level Finance is a decentralized perpetual exchange on the BNB Chain, offering capital-efficient liquidity and risk management for traders. It also operates a yield-bearing stablecoin protocol on Ethereum that generates passive income from deposited USDT and USDC. The project has facilitated over $25 billion in total trading volume since 2022.
Liquity is a decentralized borrowing protocol that allows users to draw 0% interest loans against Ether collateral, paid out in LUSD. It maintains a minimum collateral ratio of 110% and is secured by a Stability Pool and fellow borrowers. The protocol is non-custodial, immutable, and governance-free.