In a recent move in the DeFi market, LeverFi has announced its collaboration with Neon EVM to roll out an all-in-one platform dedicated to leveraged trading and money markets on Solana. This strategic partnership brings together the technical expertise of two industry giants, promising a more seamless, secure, and robust trading experience for users.Â
Neon Grants LeverFi A Developmental Fund
LeverFi recently unveiled its strategic partnership with Neon EVM, a prominent Ethereum Virtual Machine built on the Solana blockchain. This partnership aims to revolutionize the DeFi sector, highlighting LeverFi’s dedication to advanced solutions that serve traders and enhance the Neon ecosystem.
LeverFi is introduced into the Neon Early Builders Program (EBP). This inclusion serves as a reward for LeverFi’s dedication to achieving DeFi excellence and innovations.
To further accelerate this collaborative effort, Neon has granted LeverFi a developmental fund. This financial support will be crucial in the deployment of LeverFi’s platform and in developing enhanced user engagement across both the LeverFi and Neon networks.
LeverFi will offer an all-inclusive DeFi platform that masterfully integrates on-chain spot swaps with avant-garde lending and leveraged trading functionalities. The convergence of these elements not only heightens capital efficiency for a wide range of traders, including both institutional and retail sectors but also pioneers a high standard in user experience and utility for liquidity providers.Â
LeverFi provides an on-chain, cross-margin platform on Ethereum, delivering top-tier leveraged trading experiences for DeFi users, with plans for further omni-chain integrations on the horizon. On the other hand, Neon EVM’s protocol allows app developers to enhance the scalability of existing Ethereum dApps using Solana as the primary settlement layer.Â
Additionally, this framework facilitates the interchange of tokens usually confined to their native L1, moving seamlessly between EVM and Solana. This integration grants Ethereum-based dApps unprecedented access to both SPL tokens and Solana’s user community through a single protocol.
Shared Vision Of Neon And LeverFi
According to the blog post, both LeverFi and Neon EVM expressed their aligned vision for advancement and evolution, with the prime objective of pushing the DeFi experience for Neon’s user base. The partnership will provide cooperative tools and collective growth.
LeverFi and Neon EVM have set an ambitious goal of achieving a $100M Total Value Locked (TVL) surge within their ecosystem in the upcoming years. Despite the challenging milestones on the horizon, both entities remain devoted to the road of discovery and technological advancement.
Traditional leveraged trading was often the domain of professional or institutional traders. DeFi platforms break down these barriers, offering opportunities for individual traders to engage in leveraged positions without the need for intermediaries.
DeFi money markets open doors to global participants. Anyone with internet access can lend their assets or borrow funds, thus eliminating the geographical and institutional constraints typical of traditional finance. It allows for algorithmically determined interest rates. These rates are often more favorable than traditional financial institutions and adjust in real time based on supply and demand.
LeverFi eagerly anticipates the rich interactions and potential engagements with the Neon user community and, by extension, the broader Solana audience through its platform’s deployment on Neon.
