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Level (Peregrine Exploration)

Level (Peregrine Exploration)  

164 Watchlists

DeFi

Status

General Info

Funds and Backers

Description

Level is a stablecoin protocol backed by restaked dollar tokens.

Airdrop is Live

Status:

Confirmed

Confirmed

Task Type:

Bounty Platforms

+4

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.

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