Partners in Liquid Restaking for Leveraged Yield Farming—EtherFi 🤝 Levva

LEVVA

Jun 28, 2024 — 2 min read

Hey, EtherFi users! Your favorite liquid restaking platform EtherFi is partnering with Levva to bring you leveraged yield farming for Pendle’s Principal Token. We’re talking leverage for yield-bearing assets in just one click.

Levva meet EtherFi, EtherFi meet Levva and Pendle. Levva is a protocol that gives you leverage to generate yield from liquid restaking tokens and other yield-bearing assets. Pendle is the permissionless yield-trading protocol that lets users execute complex yield management strategies. And EtherFi is the platform that automatically generates wrapped ETH (eETH) as a liquid restaking token on your staked ETH.

Now you can use your eETH to farm yield on Pendle with leverage from Levva. Yes, that ports you over to Pendle and Levva—but EtherFi makes that part easy.

How it works

You want the rundown on how EtherFi x Levva x Pendle works? The steps—

Bring eETH from EtherFi to Pendle
Swap your eETH for Pendle’s Principal Token (PT)
Connect your digital wallet to Levva
Deposit your PTs into Levva pools as collateral
Use that collateral to borrow up to 10X more PTs
Hold your PTs until their maturity dates to get the implied APY from Pendle—or sell sooner for an attractive spot price
Enjoy boosted APYs on Pendle tokens because you’re using Levva leverage

But that’s not all you get by getting involved with Levva. With its native token airdrop upcoming, the protocol is awarding points—called Sparks—to liquidity providers and leveraged yield farmers before the airdrop.

What Levva’s serving

Hey, again, EtherFi folks—let’s get to know Levva 👇

Provides access to liquidity pools for ETH and USDC
Offers 10X leverage on your PTeETH margin for yield farming
Makes leveraged yield farming as simple as one click
Can enable you to earn 3-figure APYs
Lets you earn Sparks and participate in the upcoming airdrop

Levva uses a safety-first protocol design that isolates liquidity pools. The platform is non-custodial and doesn’t rely on any off-chain oracles, meaning that it’s 100% decentralized. All of Levva’s smart contracts are double-audited by Quantstamp.

DeFi just got bigger for EtherFi users

EtherFi + Levva + Pendle are three peas in a DeFi pod, letting EtherFi users earn more yield from their eETH on Pendle with leverage from Levva. We’re like comrades at coding camp, and we’re excited to bunk together.

Unlocking the Potential of sUSDe Yield Farming: A Deep Dive into Levva’s Approach

The markets are heating up, and funding rates are on the rise. Strategies like Ethena’s delta-neutral approach, which earns 3% on stETH staking and 15-20% on perpetual funding rates, are gaining a lot of attention. On the other hand, Pendle’s Principal Tokens (PT) on sUSDe and USE tokens

Welcome to Levva: An Evolution into the Next Era of Simple and Effective DeFi

DeFi has grown exponentially, bringing innovative applications that are reshaping financial markets and redefining the accessibility of digital assets. In this landscape of rapid development, Levva is emerging as the next evolution of Marginly, set to simplify capital management, boost accessibility, and increase rewards for DeFi users. This change addresses

The emergence of Levva

Marginly evolves to Levva with the introduction of Vaults functionality. With Marginly, we’ve created two-sided isolated lending markets, which we call pools. These pools act as side pools to existing AMM liquidity. Marginly supplies pools with useful periphery including oracles, adapters, and the interest rate model, so the end-user

Exploring the Rise of Liquid Restaking Tokens: Unlocking Liquidity in Ethereum, Bitcoin and Beyond

The restaking market is a hot trend in 2024, with EigenLayer leading the narrative for Ethereum restaking. EigenLayer has firmly established itself in DeFi and is responsible for the majority of the TVL in the restaking market. However, new projects focused on restaking across multiple chains are quickly emerging.Some