FAQs

Answers to our users most common questions.

Staking L2

Your percentage of the fee distribution will be calculated based on how much $L2 you stake relative to the total $L2 in the staking contract. It is also a function of how long have you staked in that given staking period - see point 3 below for this calculation.
EXAMPLE - FOR THE ENTIRE STAKING PERIOD- say we collected $10 000 in fees over the month, there is 10 000 000 (10M) $L2 staked in total and you have staked 1 000 000 (1M) personally. You will get 10% that month = (1M L2 /10M L2 ) X $10 000 = $1 000.
Yes, these will be calculated based on the proportion of $L2 you had and the time your $L2 were in the contract.
EXAMPLE - say we collected $10 000 in fees over the month, there is 10 000 000 (10M) $L2 staked in total and you have staked 1 000 000 (1M) personally. However, if you withdraw all your staked $L2 after 10 days you will get 1/3 of 10% of the fees = 10 days staked / 30 days (reward period) X (1M/10M) X $10 000 = $333.
Yes, our original plan included a two token model (LEV now replaced by L2) and FEE. But we have simplified our approach now and only have the L2 token with the fees distributed in $DAI, $USDT, or $ETH accordingly.
For the details on how to migrate your LEV to L2 - please read this post - note the entire migration will be a three step process.

The first step is interacting with the specially-built migration app at https://migrate.leverj.io (**This is the ONLY OFFICIAL migration page — make sure you visit this URL directly to avoid scam sites**). This app connects your Metamask wallet.
The second step guides you through the transactions to migrate your legacy LEV token balance into the new L2 token. During this step, you will be required to authorize your Metamask wallet to sign the relevant transactions, the app doesn’t not have any keys as all transactions will be signed by your wallet.
The third and final step, is verifying your newly minted L2 token balance in your Metamask wallet. In this step you have to use the add “Custom Token” tool within your Metamask wallet, and insert the contract address of the new L2 token.

Migrate from LEV to L2

Yes. Please read the blog post on Introducing Layer2 for details.
You have three options. (1) You could send your tokens from MyEtherWallet to a Metamask account and follow the instructions in Introducing Layer2. (2) You can import your wallet to metamask and follow the instructions in option 1. (3) You could migrate the LEV tokens to L2 manually. Please read the post on Manual Migration from LEV to L2 Using MyCrypto/MEW.
No. It's indefinite.
Check your metamask pop-up message (sometimes it doesn’t pop up, please click on the extension icon and you’ll see it) and approve it.
Firefox is not supported at the moment. Please try Chrome to successfully migrate LEV to L2
Yes, you can. Better send 1 token to test before sending the rest.
We expect so but we don't control the price. Since LEV to L2 is a 1-to-1 migration its logical to assume that the price of L2 will follow that of LEV

LEVERJ.io

LEVERJ is the only self-custodial decentralized derivatives exchange that provides up to 100x leverage. In addition, Leverj also provides high speed decentralized spot markets. Futures and Spot trading markets are live on the mainnet.
Ethereum is the blockchain of choice for all things #DeFi. Programmability, composability, and the network effect makes it the best choice for building a high speed decentralized derivatives platform.

Decentralized Exchange

The exposure of three core pieces of user information are inevitable in centralized exchanges. They include the identity of the user, user funds and user transaction history. In a traditional centralized exchange, this valuable information is at the mercy and competence of the exchange operators. The centralization of these valuables in the custody of an exchange are an attractive target for hackers, lawsuits and state actors. As seen over and over again, the risks and losses can be substantial.
LEVERJ provides decentralized identity to avoid identity leaks and multi-signature accounts to provide complete user control over account funds.
It refers to the custody of user funds. LEVERJ does not hold centralized custody of user funds, only the user ever has access to their own funds. This keeps major hacks virtually impossible, and the trader is not exposed to any risk of an exit scam.

Trading on the Platform

Market makers are currently providing attractive spreads on multiple futures instruments and spot pairs on the exchange. In addition, our futures payout and yield system is very attractive, which will be a clear incentive for traders and liquidity providers.
Yes, you can 'isolate' the margin put to a position so that the max loss you can have is the margin you elect to risk.
To stake LEV you submit a transaction with your LEV tokens to the staking contract. We are currently implementing a more efficient model for staking, and will be adjusting fees and rewards in line with user growth.

Gluon

Gluon (also known as Gluon Plasma) is a custom built layer 2 sidechain to Ethereum that allows for a cheap, fast, and transparent experience for Leverj. Visit https://gluon.network to find out how Gluon works.
If the sidechain stops creating blocks for a long period of time, the chain is said to be abandoned, and a public method can be invoked on the Gluon contract to halt the chain, allowing everyone to transfer funds to the main chain. There are many cases where something could happen but we cover them all in the white paper, if verification fails or blocks stop funds are recoverable. See the white paper for all of the edgecases covered. Gluon.network.

Development

Join the Leverj telegram channel. Updates are provided on that channel frequently.

User Experience

The UX of LEVERJ will be every bit as seamless as the top centralized exchanges, just as we refuse to compromise on security, we also refuse to compromise on usability.
There are many decentralized exchanges, but none offer high speed leveraged trading. There are many high speed exchanges, but none are non-custodial. We offer the user a high-speed non-custodial leveraged exchange, complete with all of the usability features seen in the top centralized exchanges.
High liquidity, tight spreads, low slippage, atomic stops, hardware key authentication, near-instant settlement, proof-of-audit embedded in the blockchain, zero-knowledge API keys, and in the near-future, price action entries, trade replay videos, managed trading and simulated trading.

FEE Token

FEE token was conceived as a secondary token to pay fees. FEE tokens are being sunset. Further information regarding the process and timeline for sunsetting this token will be provided soon.

LEV Token

LEV token (Token Address: 0x0f4ca92660efad97a9a70cb0fe969c755439772c, Decimal Places:9) was the primary token on the Leverj platform. LEV tokens are being replaced by L2 tokens. Please migrate your LEV tokens to L2 tokens. Read the section on Migrate from LEV to L2, in this FAQ.
1 LEV = 0.15 USD (0.00033 ETH) - 2017-12-07

L2 Token

L2 (Token Address: 0xBbff34E47E559ef680067a6B1c980639EEb64D24, Decimal Places:18) is the primary token on the Leverj platform. It is of fixed supply and represents a license to transact on the platform proportional to the percentage ownership of the token supply.
There are no dividends. L2 can be used as a license to cover your trading fees on the LEVERJ platform though.
Use 'Add custom tokens'. Token Address: 0xBbff34E47E559ef680067a6B1c980639EEb64D24, Decimal Places:18
Currently LEV can be traded on Leverj, Uniswap, IDEX, Switcheo, Bilaxy and FatBTC. Most of these venues will be migrating over to support L2 in the next few days.
Circulating: 298,309,082 LEV | Total: 1,000,000,000 LEV. Once migrated, L2 circulating supply should be in line with the LEV circulating supply.

Referral Program FAQs

Yes! Your Ethereum address must be registered on https://live.leverj.io/wallet in order to receive referral rewards.
There are no trading fees for Spot Trades, no Maker fees for Futures trades and 0.05% Taker fees for Futures trades. See fees page.
20% is the initial launch offer for the Referral Program and subject to change. You will receive this rate for the 6 months from the date your friend registered. If you are looking for lifetime rewards, you should consider staking L2 for an ongoing share of the total fees
Daily reports are run on the referral commissions in DAI/USDT. We use the daily VWAP price of L2 from CoinGecko to calculate the equivalent value of L2.
You can stake the L2 rewards to receive a share of the total Leverj.io fees in DAI/USDT, in fact this is the recommended way to maximise your earnings over time.
No there is no limit, you can refer as many friends as you want.
A 6 month limit is applied for each new friend you refer.
You will both receive the rewards for 6 months, starting on the day they sign up.The 6 month limit is specific to each friend you refer.
Payouts will be in L2 ONLY. Payouts will happen monthly and be transferred directly to registered users' Gluon accounts.
Referrer20% commission on all trading fees from accounts you referred
Referee20% rebate on your own trading fees
20% is the initial launch offer for the Referral Program and subject to change.
A Media Kit is on its way and will be available for download on this page soon.
Accumulate the payouts, and then stake the L2 to earn a share of the total fees from trading.
Don't know how to stake? Here is a quick tutorial: Staking Tutorial
“You should avoid referring anyone that is prohibited from trading on Leverj.io as they may be upset if they can’t register or trade because of their jurisdiction. Refer to the User Agreement for details.”

Liquidity Rewards Program FAQs

All volume that was filled by Market Makers is subtracted before calculating the weighting.
When the weekly notional volume traded on Leverj Futures exceeds 35M then the reward is 1M L2 for that week. However, if the volume falls below that then the reward amount is calculated on a curve (illustrated below)

Orders that are added to the orderbook and not immediately matched are considered Maker orders as they add liquidity. On the other hand, orders that are immediately matched are removing liquidity and are considered Taker orders. When an Maker order is matched (either partially or fully filled) the matched quantity is counted as the Maker side of the trade.
The matched order Maker quantity filled is multiplied by the matched order price. This is calculated independently for each Maker order matched.

Competition FAQs

To enter the competition you simply need to start trading Perpetual Futures on Leverj from the 01/03/21 00:00:00 UTC to the 30/04/31 23:59:00 UTC.
Yes. The competition is calculated on net proceeds from your trades. All trades are registered on Gluon.
We have a 50K USDt Prize Pool, split over 3 categories.

Category 1:

Top 5 PnL over 9 weeks — paid into the Gluon account with the largest increase in Profit over the competition period in dollar terms.

- 1st place of $25,000 USDt
- 2nd place of $3,000 USDt
- 3rd place of $2,000 USDt
- 4th place of $1,000 USDt
- 5th place of $750 USDt

Category 2:

Top 5 ROI over 9 weeks — for smaller traders - paid into the Gluon account of the traders with the highest Return on Investment percentage over the competition period.

- 1st place of $5,000 USDt
- 2nd place of $2,500 USDt
- 3rd place of $1,000 USDt
- 4th place of $500 USDt
- 5th place of $250 USDt

Category 3:

Top 2 most Active Traders* — for those who have automated strategies.The trader with the best ratio of gains to losses over the competition period will take out this prize.

- 1st place of $7,500 USDt
- 2nd place of $1,500 USDt

* To qualify an Active Trader must make more than 50 trades in each week of the competition.

A trader is considered active when they trade at least 50 times a week.
Rewards are dropped into the user's Gluon account and paid in USDt.
We are using Gluon's API to track the trades. All trades are recorded on Gluon. Only a position that has been closed can be tracked and included in the rankings.