Lever Network $LEV

Lever Network is a novel cryptocurrency project that empowers lending and borrowing using open-source smart contracts. Notably, Lever Network does not take custody of tokens but acts as a peer-to-peer marketplace, thus providing a decentralized platform for lenders and borrowers. The project collaborates with renowned cryptocurrency exchanges such as Uniswap and Sushi Exchange for trade placement operations. However, the platform may impose a gas delegation fee on certain transactions. This fee is primarily designed to reimburse relayers for the costs associated with transmitting transactions onto the blockchain.

Functionality and Ecosystem of Lever Network

Lever Network's main functionality revolves around facilitating lending and borrowing through smart contracts. These smart contracts empower the peer-to-peer marketplace, rendering it a decentralized and open-source platform. This ecosystem uniquely positions Lever Network in the cryptocurrency space, as it does not maintain custody of tokens, allowing for a more transparent and efficient transaction process.

Integration with Partner Exchanges

Lever Network’s collaboration with established partner exchanges, such as Uniswap and Sushi Exchange, further enhances its operations. Through these integrations, Lever Network is able to place trades, thereby broadening its scope and providing more options for lenders and borrowers in the crypto landscape.

Gas Delegation Fee

One of the unique aspects of Lever Network is its gas delegation fee. While this fee might apply to some or all transactions, it is a crucial component of the service. The fee is designed to cover the costs that relayers incur in transmitting transactions to the blockchain. By ensuring these costs are covered, Lever Network helps maintain the smooth operation and integrity of the service.