LeverFi allows users to engage in leveraged spot trading. This means that when users enter a trade (e.g. long BTC), the underlying asset is actually purchased on the liquid secondary market via decentralized exchanges.

LeverFi is powered by LEVER, a governance token, with a total supply of 35 billion. To participate in governance, users must lock up LEVER between 6 months to 48 months to receive xLEVER tokens. Each xLEVER represents one vote in governance.