This would usually be 3 stars, but I'll give it 4 because it is very new and therefore should be researched more.
It's a neat idea. People can supply funds for leverage traders. All trades are done via the platform, traders have to provide collateral (which also earns yield from farming) and can only withdraw profits. Positions get closed if they fall too close to the provided collateral.
Revenue model: platform fees are distributed to xlever holders.
But the execution is not that great. There's not really a whitepaper. only docs, which are very high level. The trading platform seems to be working, but there's only about 50k in TVL.
The tokenomics is strange. Apparently there's 2 tokens. You have to lock up lever for 6-48 months, which gives you xlever, which entitles you to vote and revenue share. Are these two tokens separate and why are they separate?
Main concerns: Anonymous team, no detailed white paper, the tokenomics are a bit weird (see screenshot).
Main suggestions: This project would need to show a lot more usage stats and infos on their roadmap Show Less
