
Level (Peregrine Exploration)
163 Watchlists
DeFi
Status
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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