Picking new stablecoins is secretly dangerous.
But it's not impossible, especially when you see it clearly and transparently.
$lvlUSD, to me, is the new-gen stablecoin with lending-backed yield.
@LevelUSD is not sexy. But it's so clean that DeFi users feel more comfortable using it vs others with similar TVL.
Yield is generated mainly from @$Aave, which has a low-risk lending profile.
With $Aave’s current Umbrella system — a modular, onchain risk management mechanism — bad debt coverage is automated.
It eliminates major concerns around collateral risk for lvlUSD.
It creates an ecosystem where lvlUSD stakers (slvlUSD) are earning extra on the safe yield, plus DeFi users can earn fixed yield with PT-lvlUSD on Pendle.
I've added @LevelUSD to my farming for a while now.
Can use my link here:
https://t.co/pBK1FPK8GF
NFA. DYOR.