Liquid Staking will allow Hex users to use their staked positions as collateral for loans and to trade their positions, allowing for more leverage and more rewards.
LevHex tokens will represent a holding in a varied Hex staking pool. LevHex tokens can then be used as collateral to lend, mint sHex (debt-based Hex) and sell OTM options using Opyn. This creates value for Hex holders by allowing them to use their certificate of deposit as collateral.
Lend LevHEX to other depositors of LevHEX and earn interest on top of your LevHEX, effectively compounding your yield even more.
Take out non-native loans (ETH, USDC, etc) with LevHEX as collateral. This allows you to up your leverage/exposure to Hex
Liquidity for Hex Stakers. LevHEX allows Hex Stakers to sell their positions to other investors. This can save them from liquidation and pay for expenses.
End of August. "Soft" LevHEX launch. This will include initial deposits.
End of September. This will allow for LevHEX holders to lend/borrow from other LevHex holders.
End of November. LevHEX holders will be able to deposit LevHEX and receive USDC, ETH and other loans.
Everyone talks about HEX and what it should be worth. Now they can put their money where their mouth is with options strategies backed by Hex/LevHEX
Our team has extensive knowledge of crypto and come from a variety of backgrounds with countries ranging from France, Argentina, the US, Canada and Singapore. We are driven by the idea of creating value for HEX holders.
We are a group of different free-lance developers who have come together to make LevHEX. Eventually, we want to expand our products to include other staking tokens for other lower cap blockchains and tokens.