Currencies32904
Market Cap$ 2.82T-0.31%
24h Spot Volume$ 25.08B+3.51%
DominanceBTC58.77%+0.05%ETH7.74%-0.21%
ETH Gas0.65 Gwei
Cryptorank
MainCurrenciesLevel (Peregrine Exploration)
Open report modalReport issue
Level (Peregrine Exploration)

Level (Peregrine Exploration)  

125 Watchlists

DeFi

General Info

Funds and Backers

Description

Level is a stablecoin protocol backed by restaked dollar tokens.

What is Level (Peregrine Exploration)?

Level aims to be the first stablecoin protocol backed by restaked dollar tokens. These tokens are formed when someone stakes a dollar-denominated token (such as USDC or USDT) on a restaking protocol like EigenLayer in order to earn restaking yield. This yield is generated from the tokens being used to provide security for other blockchains.

Trending Coins and Tokens Flame icon