Leverj Q1 Community Roadmap Update
Hello and welcome to the Levolution, our fellow Levolutionaries!
- It’s been a wild few weeks in crypto.
We have seen a solid bump in $L2 community growth this past week.
100’s of new people in our Telegram, almost doubled the number of $L2 wallet holders, record volumes on Uniswap and various on-chain & social metrics are way up!
We have been quickly progressing multiple work streams to amplify the momentum we have gathered.
This update is to bring further visibility on current marketing campaigns and Q1 product roadmap developments:
More products:
The recipe for Leverj.io is relatively simple.
We need more tradable products and more liquidity.
The efforts to grow the community are under way and must be matched with more products/liquidity.
DeFi Index confirmed + more products:
- As most of you know, we have a key partnership with crypto benchmark providers Bravenewcoin.com
- We will be going live with the BNC Blue-Chip DeFi Index (Top 8 DeFi) as a perpetual swap against USDt. Our goal is to have this live this month.
- Index-tracked perpetuals like the BNC DeFi Index enables you to trade the trend, without having to pick which of the Defi assets in the category to follow.
- BNC has an excellent range of well documented single-asset and composite indices. Once the DeFi perp is out, we should see a nice rhythm to go live with new products at a solid cadence and consistency moving forward.
- We are also exploring unique spot products such as digital Gold and bundled tokens such as a DeFi Index Token and similar.
The launch of the DeFi perpetual will be supported by PR, Social, Influencer marketing, third party articles and a brand-new trading competition!
The specifications for the BBDX are here(snapshot below)
Market makers can also arbitrage between Leverj.io and BTSE.com where the BBDX is also live as a perpetual swap.
Liquidity:
- While we continue discussions with various international market makers for formal arrangements, we realize the need to empower all users.
- We have been working on a “Liquidity Mining Rewards” program, which incentivises traders based on volume and/or placing bids & asks into the books. We have researched several existing Liquidity Mining Rewards programs over the past 2 months and have settled on a solution that is simple, rewards adoption and has a net-positive effect for the ecosystem.
- We have also had a number of really helpful conversations from some of our community who have helped us shape our thinking on the best way forward with our rewards program. Levolutionaries are the best!
This campaign too will be supported with multi-channel marketing efforts.
Affiliate and Refer a Friend:
- Referral program is simple enough and will be first out the door. This is a fee based rebate for both the referer and the referee.
- The full affiliate program is being finalized. Affiliates will be able to share in the volumes traded by accounts they referred.
A new trading competition is in the works:
While small, our first trading competition was a great success. The Ready Layer 2 competition delivered volumes, brought awareness and got us attention with some of the DeFi Elite. It also had some key learnings. Based on this we are working up a new trading competition which will reward the behaviours we want to see, help us on the L2 DEX wars list and bring in more Levolutionaries to our community.
Leverj.io general improvements:
We have been enjoying listening and talking to the community about ways to improve the leverj.io trading experience. Both general UX/UI improvements as well as functionality enhancements are being progressed. You may have noticed small frequent patches. These fixes and larger improvements are in constant development.
We will release stand-alone updates for each of the above initiatives as they go live.
So to wrap it all up.
With incentives to tell your friends, incentives to trade or market make, a new trading competition, and awesome new perpetuals listed, we have ourselves a framework for aggressive growth this quarter.
This is not all that’s going on behind the scenes either. Some of the more complex efforts include speaking with industry participants about adopting Gluon. Further core development to include tendermint and expanded gluon functionality, moving staking to Gluon. Bridging Gluon Apps to allow for instant/free xfers between spot and derivatives accounts. Some of these development efforts will pave the way for gas-free AMM’s and as well as further decentralization of the Gluon Leverj ecosystem.
2021 is a big year and we’re giving it our all to scale during this outstanding bull market.
Onwards!
Please keep in mind
US Persons are not allowed to trade on Leverj. Users from sanctioned country or Specially Designated National (SDN) as per OFAC are also not allowed to use the system.
Before you trade, please make sure you are legally permitted to trade cryptocurrencies, derivatives, and any other instruments offered on this platform from your home jurisdiction.
Nothing in this article constitutes an offer, solicitation, or investment advise. The content is for educational purposes only. Images and screenshots may be from our test environments and do not represent data on the live system.
