LeverUp, a new LP-free decentralized perpetual exchange, launches on Monad, offering zero-commission trading, uncapped market depth, and up to 1001x leverage.
summary
- All protocol fees are redistributed to participants, so traders pay no net fees.
- Uncapped market depth allows users to open positions of any size, regardless of LP or TVL, by trading directly using the protocol.
- The native stablecoin LVUSD provides a stable and efficient settlement layer, and all positions and transactions are fully verifiable on-chain.
New decentralized Perps Exchange now live on Monad
LeverUp, a new decentralized criminal exchange, has officially launched on the high-performance layer 1 blockchain Monad.
LeverUp allows traders to operate with virtually zero fees while maintaining a healthy protocol economy. Unlike traditional exchanges that split fees between liquidity providers and platforms, LeverUp’s LP-free design returns 100% of fees to traders. Each transaction incurs a small fee, which is redistributed to participants instead of leaving the network.
“As other companies race to copy CEX Purp, including standalone chains and high-throughput order books, LeverUp has chosen a different lane,” the team said in a press release shared with crypto.news.
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The platform also supports uncapped market depth, removing the constraints of traditional liquidity providers. For traders, this means they can open positions of virtually any size without being limited by the amount of capital in the protocol rather than the LP. This is achieved by decoupling open interest from TVL, so traders are not constrained by pool size or passive liquidity.
Finally, all positions, metrics, and protocol flows on LeverUp are completely on-chain and verifiable. Monad’s fast and scalable architecture enables this level of visibility without compromising performance, allowing traders to monitor trades, fees, and settlement flows in real-time.
LeverUp has also integrated its native stablecoin LVUSD, providing a reliable and stable settlement layer for all transactions.
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