Introducing Levana x Pyth

Levana is built with the core mission of empowering users to Leverage Any Asset in a fully collateralized environment for the integrity & long-term health of trades, traders, and the platform itself. Built from the ground up with distinct features such as locked liquidity, spot entry prices & siloed markets that help protect against contagion and cascading liquidation risks that plague other perpetual platforms. Pyth has described Levana as a game-changer for the DeFi space.

By integrating Pyth over the last year, Levana has brought an incredible experience to traders through low-latency data that seamlessly integrates with our smart contracts, bringing incredible efficiency and speed to users. By integrating Pyth, we are leveraging the power of one of the most reliable oracle providers in the blockchain space to feed the latest & most accurate price data to the smart contract, which then calculates gains or losses based on this data. Pyth’s low latency updates with a frequency of less than a second, combined with the ability to pull, integrate & act on these prices in a permissionless & cost-effective manner, makes Pyth the perfect oracle partner for Levana’s commitment to decentralization.

Pyth can deliver both up-to-date price feeds and historical data to give Levana immense versatility in terms of the creation & implementation of new markets.

The speed of Pyth’s oracle feeds is unparalleled.

As a decentralized application that uses the PYTH network, we are already grateful recipients of Pyth’s retrospective airdrop program, which has provided valuable resources as we push forward with our continuous commitment to innovation & iteration.

How will Levana use the Pyth Allocation?

The Pyth allocation represents an opportunity for Levana to capture valuable resources in our continuous commitment to innovation and growth. We have earmarked the funds for important areas, such as offering Oracle gas fees to integrate new markets, along with market liquidity, protocol upgrades, community development, and Levana’s operational sustainability. We are committed to delivering significant value to our users & and contributing positively to the innovation and growth of the broader DeFi ecosystem. This allocation opens up significant opportunities in our relentless commitment to executing our plans with diligence, innovation, and a relentless focus on our community’s needs.

Why did we choose Pyth?

There are a multitude of unique benefits to integrating with Pyth as our Oracle provider. Firstly, the speed and latency of price updates provide an unparalleled experience for traders in terms of speed, experience, and integrity, which is always our primary consideration. Levana’s commitment to providing a wide range of assets (our name stands for Leverage Any Asset) is facilitated by Pyth’s real-time market data delivery for crypto, equities, FX, and commodities to 50+ blockchains. Layered on top of that is the security and cost-effectiveness of integrating Pyth price oracles, and it becomes glaringly clear why we trust Pyth to form a core pillar of the Levana platform.

Some of the benefits of being #PoweredByPyth

Our integration with Pyth has been a vital component in the growth of Levana, enabling us to capture an incredible $1.6b trading volume on Osmosis alone since launch. The security, reliability, and effectiveness of the Pyth integration have played a vital role in both the platform’s fundamental function and in elevating the user experience of trading on Levana. We are proud to be #PoweredByPyth.

Future Plans

Our future plans center around growing the platform by attracting liquidity providers and continuing to offer more markets, which is made possible by the expansive catalog of 449 assets available through the power of Pyth price feeds.

We have plans for more assets, chains, and features to give users a mind-blowing trading experience.

The security, speed & reliability of the Pyth integration are vital in our continued efforts to build trust in Levana among liquidity providers & traders alike. The value of having accurate, fast, and cost-effective price updates from Pyth must be recognized, allowing Levana to focus on innovation and execution without worrying about the integrity of the oracle upon which the ever-important smart contracts operate & execute.

Try Levana Today

In the growing derivatives sector of DeFi, Levana stands apart with its unique focus on security, integrity, and versatility, allowing users to confidently and efficiently Leverage Any Asset.

We love to see new members stop by and hang with our community of trading dragons or try Levana for themselves with up to 30x leverage available on markets across the Injective, SEI, and Osmosis chains, including a $PYTH market with up to 10x leverage.

Find links to all the official Pyth channels:

• Website: https://pyth.network
• Price Feeds: https://pyth.network/price-feeds
• Docs: https://docs.pyth.network
• Twitter: https://x.com/PythNetwork
• Discord: https://discord.com/invite/PythNetwork