LeverUp Radio

This week LeverUp shipped two structural upgrades. LVMON staking is now open to all wallets — no whitelist, no minimum — with 13.3M LVMON already staked and an APY running at 63%. Alongside that, the protocol deployed a cubic OI funding model that reduces funding signals by up to 75% under normal market conditions compared to the previous linear approach, smoothing out the cost of holding positions during low-volatility periods.On the metrics side: 7-day trading volume hit $188.82M — up 147.8% week-over-week — with $40,078 in trading fees and $37,861 in protocol revenue generated. The MON vault sits at 61.17M MON, 36,311 MON was deployed for LV buybacks, and 16,612 LV was burned. AnyCollateral remains open, and the Pingu Trader Welcome Program is live with a 50% fee rebate and up to $5,000 in rewards.Community milestones this week: the Alex 101 educational series launched, the protocol crossed $46M in single-day volume, and the DOKDO competition kicks off next week.Figures mentioned reflect data at time of recording — check app.leverup.xyz for current rates and metrics.Links:- Trade on LeverUp: https://app.leverup.xyz- Full article: https://blog.leverup.xyz/weekly-recap-jun-1-7/

LeverUp and Nad.fun have announced a two-part integration that connects perpetuals trading infrastructure with Monad's memecoin launchpad. The first integration makes LVMON a pair token on Nad.fun V2 bonding curve launches — so new tokens on Nad.fun can launch paired against LVMON rather than MON alone. The second integration makes graduated Nad.fun tokens candidates for LeverUp's AnyCollateral Program, meaning those tokens can be used as collateral to open perpetual positions on LeverUp.The flywheel runs like this: LVMON activity on Nad.fun expands the LeverUp vault → a larger vault supports more open interest and generates more protocol revenue → that revenue funds the AnyCollateral Program → AnyCollateral rewards draw users back to holding and using Nad.fun tokens as collateral → which drives more demand for LVMON → and the loop continues. Each step reinforces the next, but only if adoption is real. Nothing here is automatic.Who benefits: LVMON stakers see a yield base tied to ecosystem-wide activity rather than just direct trading volume. LV holders benefit from buybacks funded by growing fee revenue. Nad.fun launchers get real DeFi utility from block one — their token has a use case before it graduates. Nad.fun token holders gain a third state for their holdings: collateral that earns protocol revenue. Perp traders get a broader menu of collateral options. This episode walks through both integrations, how the flywheel actually works, and what has to happen for it to keep spinning.Figures mentioned reflect data at time of recording — check app.leverup.xyz for current rates and metrics.Links:- Trade on LeverUp: https://app.leverup.xyz- Full article: https://blog.leverup.xyz/leverup-nadfun-flywheel/

Pingu is closing. If you've been trading on Pingu, LeverUp is welcoming you with a one-month fee rebate program — no forms, no migration steps, just trade and get 50% of your fees back.Eligibility is straightforward: any wallet with Pingu trading history qualifies automatically, and so does anyone who traded on LeverUp before May 31. Verification happens on-chain, so there's nothing to submit. The rebate covers 50% of trading fees generated during the campaign window, up to $5,000 per wallet, with settlement processed after the campaign ends.Respect to the Pingu team and community for everything they built. For traders looking for a new home, LeverUp's protocol-managed liquidity model and oracle-referenced pricing are ready on Monad. This episode walks through exactly who qualifies, how the rebate is calculated, and what to expect at settlement.Rebate applies to trading fees generated during the campaign window. Eligibility verified on-chain. Check app.leverup.xyz for current program status.Links:- Trade on LeverUp: https://app.leverup.xyz- Full article: https://blog.leverup.xyz/pingu-trader-welcome-program/

LeverUp is partnering with the DOKDO Pioneer Movement for Season 2 of their Korean community trading campaign, running June 9–30, 2026. This episode breaks down everything you need to know to compete — from registering your campaign code to understanding how rankings are calculated across two separate competitions.The Main Leaderboard puts $15,000 USDT and a set of rare Pokémon cards on the line for the top 3 finishers. Rankings are determined by a composite score that weighs both trading volume and social engagement — so active community participation matters alongside your on-chain activity. Volume counts at up to 100x leverage, giving traders flexibility in how they approach the campaign.The PnL Challenge is a separate $2,000 USDT prize pool ranked purely on percentage PnL, with no leverage restrictions. It's a clean meritocracy — whoever grows their portfolio the most, wins. To enter either track: register your campaign code, complete the mission quests, and start trading on LeverUp. Rankings are announced July 3 and rewards distributed around July 17.Campaign runs June 9–30, 2026. Check official DOKDO and LeverUp channels for campaign codes and quest requirements.Links:- Trade on LeverUp: https://app.leverup.xyz- Full article: https://blog.leverup.xyz/dokdo-pioneer-movement-season-2/

LeverUp has set a single leverage ceiling of 100x across all stock perpetuals — Tesla, Nvidia, MicroStrategy, and every other equity market on the platform. Most trading platforms use tiered leverage caps that vary by market, because the depth of each liquidity pool limits how much leverage can safely be extended per asset. Thinner pools mean lower caps. In this episode, we break down why that constraint doesn't apply to LeverUp's protocol-managed virtual liquidity architecture, and what it means structurally for traders who want uniform access across equity markets.This isn't a promotional rate — it's a consequence of how LeverUp's virtual liquidity system works. Because execution, settlement, and risk management are handled at the protocol layer rather than sourced from an external LP pool, the leverage ceiling isn't a function of per-market pool depth. The result is a consistent 100x across all stock perps regardless of the underlying asset's trading volume or perceived liquidity.We also walk through the real risk profile at 100x: a 1% adverse move wipes your initial margin, funding rate dynamics still compound exposure over time, and AnyCollateral users carry a dual liquidation vector — your trade position and your collateral asset can both move against you simultaneously. Understanding the mechanism is only useful if you also understand where it can hurt you.Figures mentioned reflect data at time of recording — check app.leverup.xyz for current rates and metrics.Links:- Trade on LeverUp: https://app.leverup.xyz- Full article: https://blog.leverup.xyz/stock-perps-100x-leverage/

LVMON staking on LeverUp has moved out of whitelist access and is now open to any wallet on Monad. In this episode, we walk through what that means, how the staking mechanic actually works, and why getting in early has a structural yield advantage that most staking programs don't offer.The key mechanic to understand is the participation rate amplifier. Yield is generated on the total MON vault, but only distributed to wallets that are actively staking LVMON. When participation rate is low — as it is right now, in the early days of open access — each active staker captures a disproportionately large share of the yield pool. That share compresses as more wallets join. This isn't a points program or an emissions schedule; it's real yield flowing from Monad's liquid staking protocols, shMON and dMON.We also cover how to actually get LVMON: open a MON-collateral position on LeverUp, trade, and close it. That's the mechanism. No external token purchase required — LVMON flows naturally from protocol activity. If you've been waiting to understand whether this is worth your attention, this episode gives you the full picture in about ten minutes.Figures mentioned reflect data at time of recording — check app.leverup.xyz for current rates and metrics.Links:- Trade on LeverUp: https://app.leverup.xyz- Full article: https://blog.leverup.xyz/lvmon-staking-open-to-everyone/

A liquidation cascade is not random volatility — it's a mechanical sequence with identifiable inputs, a predictable structure, and observable preconditions. This episode builds the cascade mechanism from first principles so traders can see the conditions developing before they happen.The mechanism: traders cluster at similar leverage levels targeting similar price zones, creating dense liquidation bands. When price moves into a band, multiple positions liquidate simultaneously, creating directional pressure that pushes price deeper into the band, triggering the next wave. The episode covers the four factors that determine cascade severity: OI concentration, average leverage, market depth, and crowded directional positioning (identified by funding rate signals). How to read cascade risk in real time: funding rate as early warning, how markets front-run known liquidation zones, and the post-cascade dynamic (reduced leveraged OI overhang, lower realized volatility, cleaner book). The episode also explains how LeverUp's protocol-managed architecture bounds cascade risk at the protocol layer rather than propagating into an external LP pool. Cascades still happen — they're a market structure phenomenon, not an exchange architecture problem — but the contagion mechanism is different.Figures mentioned reflect data at time of recording — check app.leverup.xyz for current rates and metrics.Links:- Trade on LeverUp: https://app.leverup.xyz- Full article: https://blog.leverup.xyz/liquidation-cascades/

Oracle staleness is hidden friction embedded in every trade on a perp DEX — it doesn't appear as a labeled fee, but it shows up as worse-than-expected entries, unexpected liquidations during volatile conditions, and mark price readings that don't match spot data. This episode explains the mechanism and the practical consequences at the trader level.On a perp DEX, the oracle is not informational — it is the price. Every critical action references oracle data: opening a position, calculating mark price, triggering a liquidation, settling PnL. That makes oracle quality foundational. The episode covers three places staleness bites you (entry friction, mark price accuracy during an open position, liquidation delay and shortfall risk), why the problem is worse for the protocol than it appears (stale oracle events have caused material losses in perp markets during sharp moves), and what the Pyth Pro upgrade changed on LeverUp specifically: 1.676s average staleness to 0.086s, enabling tighter execution parameters and the fee reduction that followed. The episode closes with how traders can infer oracle freshness from mark price behavior during fast markets — and why high-leverage positions are most sensitive to this.Figures mentioned reflect data at time of recording — check app.leverup.xyz for current rates and metrics.Links:- Trade on LeverUp: https://app.leverup.xyz- Full article: https://blog.leverup.xyz/oracle-freshness-and-trade-execution/

Funding rates are one of the most reliable real-time signals of market positioning — and most traders treat them as background noise. This episode covers the structural problem they solve, what they actually cost you in practice, how to read them as a market signal, and how LeverUp's funding rate mechanism is structured.The mechanism: perpetuals have no expiry date, so funding rates are the correction mechanism that keeps perp prices anchored to spot. When longs dominate, longs pay shorts; when shorts dominate, shorts pay longs. The rate scales dynamically with the imbalance. The cost section covers three underappreciated facts: rates change during the life of a trade, duration multiplies cost (a two-week hold at elevated rates can exceed entry and exit fees combined), and on LeverUp, holding fees and funding fees are consolidated into a single figure in the interface. The market signal section explains what high positive funding (crowded longs, fast unwind risk), high negative funding (crowded shorts, short squeeze potential), and near-zero rates (balanced open interest) actually tell you. The episode closes with a practical pre-trade checklist: current rate, direction (paying or collecting), hold duration, rate context for the asset, and whether position size makes the rate material.Figures mentioned reflect data at time of recording — check app.leverup.xyz for current rates and metrics.Links:- Trade on LeverUp: https://app.leverup.xyz- Full article: https://blog.leverup.xyz/funding-rate-dynamics/

Most perp protocols accept only stablecoins as collateral — not because multi-collateral is impossible, but because every new asset introduces valuation risk the protocol has to manage. AnyCollateral takes a different approach: accept ecosystem tokens in their native form, apply a Collateral Ratio to buffer the valuation risk, and let capital stay productive without conversion friction.This episode covers the mechanics (CR system, how MON/LVMON/LVUSD/USDC are handled), the individual trader efficiency story (no conversion round-trip, no swap fees, no potential tax events from conversion), and the ecosystem-level implications — every supported Monad token gains an on-chain trading utility layer, and capital stays inside the ecosystem rather than converting to stablecoins. The RWA integration angle: as tokenized assets arrive on Monad, AnyCollateral provides the framework for eligible assets to be used as productive margin. The episode is also direct about risk: non-stablecoin collateral means two independent price variables affecting your liquidation threshold simultaneously. Using MON collateral requires monitoring both the traded market and the collateral value. The CR discount buffers this, but doesn't eliminate it.Figures mentioned reflect data at time of recording — check app.leverup.xyz for current rates and metrics.Links:- Trade on LeverUp: https://app.leverup.xyz- Full article: https://blog.leverup.xyz/anycollateral-beyond-multi-collateral/

LeverUp runs on Monad, which means before you can open a single trade, your funds need to be on the right network. This episode is the step-by-step guide for getting there — from Ethereum, Arbitrum, Solana, Base, BNB Chain, or a centralized exchange.The episode explains why bridging is necessary (separate chain instances can't interact directly), covers two main paths: Path A using MonadBridge (monadbridge.com, powered by Wormhole) for transfers from other blockchains, and Path B using a centralized exchange withdrawal if your exchange supports direct Monad withdrawals. It walks through the confirmation process once assets arrive, and covers the three most common mistakes: forgetting to get MON for gas, selecting the wrong destination network, and bridging USDT instead of USDC. Once your USDC balance shows in the LeverUp app, you're ready to trade — no separate deposit step required.Figures mentioned reflect data at time of recording — check app.leverup.xyz for current rates and metrics.Links:- Trade on LeverUp: https://app.leverup.xyz- Full article: https://blog.leverup.xyz/how-to-bridge-assets-to-monad/

A complete step-by-step walkthrough of opening your first perpetual trade on LeverUp — from connecting your wallet to closing your position and withdrawing funds. Seven steps, zero assumed knowledge.The episode covers: connecting a Monad-compatible wallet (Rabby or MetaMask), checking your balance and depositing if needed, selecting a market and choosing direction, configuring your order (order type, position size, leverage — with a strong recommendation to start between 2× and 10×), reading the order summary (entry price, liquidation price, fees), confirming and monitoring your position in the Positions tab, and closing when ready. The episode also covers optional setup like One-Click Trading once you're comfortable with the basics.Prerequisites: a wallet connected to Monad and USDC already on-chain. If you haven't bridged yet, the bridging guide comes first.Figures mentioned reflect data at time of recording — check app.leverup.xyz for current rates and metrics.Links:- Trade on LeverUp: https://app.leverup.xyz- Full article: https://blog.leverup.xyz/how-to-open-your-first-trade-on-leverup/

Liquidation is the most misunderstood risk in leveraged trading. People know it can happen. Most don't know exactly when — or why. This episode fixes that with the actual math.We cover the maintenance margin threshold (15% on LeverUp), the precise formula for calculating liquidation price for both long and short positions, and a worked example from entry to liquidation — including how the buffer shrinks as leverage increases. At 10× leverage, BTC needs to fall 8.5% to liquidate. At 100×, 0.85%. The math is not negotiable.The episode also explains why oracle quality is directly connected to liquidation fairness: how stale price feeds create wick liquidation risk, and how Pyth Pro's substantially lower measured staleness helps reduce that problem. Plus the five practical levers for staying out of liquidation range: position sizing, knowing your liquidation price before entry, stop-losses above liquidation, watching funding rate direction, and adding collateral or reducing size under pressure. The episode closes with a note on zero-fee closes for losing positions at 500–1001× leverage.Figures mentioned reflect data at time of recording — check app.leverup.xyz for current rates and metrics.Links:- Trade on LeverUp: https://app.leverup.xyz- Full article: https://blog.leverup.xyz/how-liquidations-work-on-leverup/

Perpetual futures are the dominant trading instrument across much of crypto — but a lot of people trade them without fully understanding how they work. This episode builds the mental model from scratch.We cover what makes perps different from standard futures (no expiry date, continuous funding mechanism), how the funding rate works as continuous arbitrage pressure that keeps perp prices anchored to spot, and what leverage actually means at the position level — including the math that explains why a 5% adverse move at 10× leverage causes a 50% loss on collateral. The episode also explains what you're actually trading against: the key structural differences between orderbook, LP pool, and protocol-managed liquidity settlement models, with honest tradeoffs for each.The episode closes with a collateral primer — why your collateral type matters for liquidation risk in ways that compound with leverage, and a glossary of key terms: leverage, margin, long, short, funding rate, liquidation, mark price, open interest.Figures mentioned reflect data at time of recording — check app.leverup.xyz for current rates and metrics.Links:- Trade on LeverUp: https://app.leverup.xyz- Full article: https://blog.leverup.xyz/what-are-perpetual-futures/

Trading fees on LeverUp are down more than half. This is a short announcement episode covering exactly what drove the reduction and what it means in practice.The fee reduction is a structural output of the Pyth Pro oracle upgrade — not a promotional adjustment, not a fee holiday, and not time-limited. The mechanism is straightforward: the Pyth Pro upgrade reduced measured price feed staleness by approximately 19.5×. Fresher, more accurate pricing data means the protocol can operate with tighter parameters and reduced execution friction throughout the stack. The fee reduction follows directly from that tightening. It compounds across every trade for traders running frequent positions or high leverage, and it stays as long as the infrastructure improvement stays.Figures mentioned reflect data at time of recording — check app.leverup.xyz for current rates and metrics.Links:- Trade on LeverUp: https://app.leverup.xyz- Full article: https://blog.leverup.xyz/trading-fees-57-percent-lower-pyth-pro-update/

LeverUp has upgraded to Pyth Pro — the institutional tier of the Pyth oracle network. We have the data to show what that means. Measured across 370 parallel samples on Monad mainnet, price staleness dropped from 1.676 seconds on Pyth Core down to 0.086 seconds on Pyth Pro. That's a roughly 19.5× improvement in measured feed freshness.This episode walks through why oracle staleness is the largest hidden cost most traders never measure, how the methodology was constructed (side-by-side sampling over a live 17-minute window), and what the specific findings mean for opens, closes, and liquidation checks. It also addresses the key consistency question: did Pyth Pro maintain its lead across all segments of the sampling window, not just on average? And the directional bias question: is Pro simply printing higher prices more often, or tracking the same market with tighter timing? The data answers both.The final section explains why Monad's low-latency execution environment is what allows the freshness improvement to actually reach traders — a fast oracle feeding a slow chain produces standard-grade execution regardless of feed tier.Figures mentioned reflect data at time of recording — check app.leverup.xyz for current rates and metrics.Links:- Trade on LeverUp: https://app.leverup.xyz- Full article: https://blog.leverup.xyz/pyth-pro-oracle-upgrade/

LeverUp has activated its buyback mechanism. Starting this epoch, a defined share of protocol revenue — specifically the staking commission from $LVMON — is being routed to purchasing $LV on the open market. Every token bought is sent to the dead address and burned. This is not a roadmap item. It's running.In this episode, we walk through exactly how the LVMON staking revenue stream works, why the protocol started here rather than with a larger, more complex announcement, and what the design philosophy behind "one stream at a time" actually means. The key distinction: a running buyback on live revenue is a fact. A promise about future revenue is just a promise.The episode also covers what to watch going forward: how additional products get evaluated for the same treatment, why the approach is to commit only when revenue is real and auditable, and what an on-chain connection between protocol activity and $LV supply actually looks like over time.Figures mentioned reflect data at time of recording — check app.leverup.xyz for current rates and metrics.Links:- Trade on LeverUp: https://app.leverup.xyz- Full article: https://blog.leverup.xyz/lv-buyback-mechanism/

Monad crossed $400M in TVL within five months of mainnet launch. But TVL is a foundation, not a ceiling — and the next phase of any L1 cycle is determined by which financial primitives get built. Perpetual contracts are the most important of those. They deepen price discovery, enable hedging, concentrate leverage-seeking capital, and create the conditions for institutional participation. Without perps, a DeFi ecosystem can exist, but it won't be as deep as one that has them.In this episode, we break down why chain architecture matters for perp quality — oracle freshness, throughput, composability — and why Monad's design directly addresses each requirement. Then we go deeper on the capital formation dynamics: how LP-dependent perp protocols face a bootstrapping problem on new chains, why collateral flexibility determines how ecosystem tokens interact with leverage, and how oracle quality becomes infrastructure for the broader ecosystem, not just the trading venue.LeverUp is Monad's native perpetuals protocol, and this episode examines each of its design choices — protocol-managed virtual liquidity, Pyth Pro oracle integration, AnyCollateral, RWA pairs — through the lens of what they mean for how capital forms on Monad. The thesis is about ecosystem infrastructure, not a product pitch.Figures mentioned reflect data at time of recording — check app.leverup.xyz for current rates and metrics.Links:- Trade on LeverUp: https://app.leverup.xyz- Full article: https://blog.leverup.xyz/monad-perps-landscape/

Most perp DEXes route trades through LP pools that act as counterparty capital. LeverUp's architecture does something different — and the structural consequences go deeper than the marketing language suggests.In this episode, we break down exactly how the LP pool model works and where its friction points are (open interest caps, fee splitting, LP exit risk), then explain what LeverUp's Virtual Market Making Vault actually changes: how fees are routed, how open interest capacity is determined, and where execution and settlement responsibility sits.Includes the full fee schedule, position sizing math, and an honest look at what tradeoffs come with protocol-level settlement.Figures mentioned (fees, thresholds) reflect data at time of recording — check app.leverup.xyz for current rates.Links:- Trade on LeverUp: app.leverup.xyz- Full architecture overview: What is LeverUp? (link in show notes)

LVMON staking is live on LeverUp. If you're holding MON on Monad, your tokens no longer have to sit idle.In this episode, we break down exactly how LVMON works: open a MON-collateral position on LeverUp, close it, and the protocol settles you in LVMON. Stake that LVMON to earn yield generated by Monad's LST infrastructure (shMON and dMON) — without selling your MON or giving up your exposure.We also cover the participation rate amplifier — the mechanic that makes early staking more interesting than it looks — plus redemption, LVMON as trading collateral, and the $LV buyback connection.Figures mentioned (APY, staking rates) reflect data at time of recording — check app.leverup.xyz for current metrics.Links:- Start earning: app.leverup.xyz- Full protocol overview: What is LeverUp? (link in show notes)

AnyCollateral is now open for Monad builder applications, $LVMON staking quota applications are live, and the new LeverUp website is up. In this episode, Marcus and James walk through everything that happened the week of May 12–17: what AnyCollateral actually means for Monad ecosystem projects, how the LVMON staking quota system works and who it's designed for, and what the protocol numbers are showing — 51.18M MON in the vault, 4.4M+ LVMON staked at 232% APY, and continued $LV buyback activity.Links:- AnyCollateral applications: ac.leverup.xyz- LVMON staking quota: quota.leverup.xyz- Trade on LeverUp: app.leverup.xyz

Most DeFi traders face the same problem: to use capital, you have to sell what you want to hold.AnyCollateral changes that. LeverUp's new program lets holders of supported Monad ecosystem tokens use them as trading margin — without selling, without any changes to the token's design, and without requiring project-side engineering integration.In this AMA, we cover:00:00 The capital efficiency problem in DeFi01:30 How AnyCollateral works — hold tokens, open trades04:00 The three structural principles07:30 Collateral Ratio (CR) explained09:00 Dual liquidation risk — what traders must understand11:30 The Monad ecosystem loop13:00 How to apply (for projects) and start trading (for users)🔗 Start trading with your Monad tokens as collateral:app.leverup.xyz📋 Apply to list your token:ac.leverup.xyz📖 Documentation:leverup.gitbook.io/docs/liquidity-layer/anycollateral---#LeverUp #Monad #DeFi #Perps #AnyCollateral #CryptoAMA

What is LeverUp? We break down the LP-free perpetuals exchange built on Monad, covering uncapped open interest, 1001x leverage, 100% fee redistribution to traders, and native LVUSD settlement.If you're exploring DeFi on Monad or looking for alternatives to traditional perps exchanges, this one's worth understanding.🔗 LeverUp: leverup.xyz#LeverUp #Monad #DeFi #Perpetuals #Crypto