In 2017 when Bitcoin left the realm of being called a fad, a scam, or a bubble, or even "money for criminals" resisting the onslaught of government bans, mining bans, regulatory hurdles and still went on to make record all time high of approx $21000 a bull run that lasted until January 2018. This changed everything. Not only did bitcoin captivate the minds of the people, but it also made its point to the traditional banking and government funded financial bodies that a new asset can exist, the value of which is linked to a algorithmic math problem solving and computational power using electricity for fuel. LAter as we know it Bitcoin did it again and reach an ATH of $73000.
But with great success came competition, the wolves hiding in the dark the capital hungry cheetahs and lions that were as persuasive as the Bitcoin's proponents, the massive list of altcoins that wanted a piece of that massive market capitalization. And so began Bitcoins value being driven and poured into other ecosystems that had little or nothing to offer to Bitcoins own ecosystem. Examples of such cryptocurrencies are "base protocol dependent memes" on Ethereum and Solana, Tether Gold, Cardano. Each distinct from Bitcoin in one major factor "Monetary value creation". Bitcoin creates value not by speculation and utility alone but by mathematics and computation as well. As the mining reward for bitcoin goes down, the cost of mining the same amount of bitcoin mined previously goes higher and the price rises out of necessity as Bitcoin becomes more scarce on the market as result of miners waiting to sell at higher prices. This alone makes it very difficult to censor or be stopped by any government in the world. This scarcity and the consumers need to escape inflation while making decent capital gains fuels investment into the market, driving prices higher.
This causes one problem, how to make liquidity available to bitcoin as-well as the contenders for liquidity while also receiving yield? As time went on in 2024 all theses participants are realizing the benefits of working together against anti crypto establishments.
The Bitcoin Ecosystem and Leverfi
Leverfi helps all the participants contending for liquidity.
The Bitcoin ecosystem in short is any cryptocurrency that assists in increasing liquidity, utility or scalability of Bitcoin. These cryptocurrencies directly benefit from the growth in Bitcoin markets around the world. With the increase of Bitcoins price, Cryptocurrencies like Leverfi are destined to grow in size and scale.
Leverfi allows users to trade with leverage while also participating in yield farming. By bringing together lenders and borrowers, users can benefit from increased trading opportunities and generate returns on their collateral. LeverFi acts as a bridge between Ethereum and other compatible blockchain networks, providing users access to various sources of liquidity. With the $LEVER token, users can participate in the platform's governance process and make decisions on important aspects.
To put this simply, Leverfi will benefit any users that pools in Bitcoin and get leverage to trade in another currency. However while doing so can also receive annualized yield over the entire period they hold their collateral with Leverfi.
LeverFi has some big backers and investors, notable name include Arrington XRP CAPITAL, and ParaFi Capital. Both entities have successfully invested in early stage multi billion dollar projects.
In the future, LeverFi can play a significant role in facilitating leverage trading and yield farming for users across different blockchain networks. The platform can be used as a bridge between various sources of liquidity, providing users access to a wide range of trading opportunities. With the ability to participate in the governance process, users can influence the development and improvement of the platform.
Summarizing Leverfi and Price prediction
LeverFi is based on the Ethereum blockchain and utilizes smart contracts for transaction execution and the distribution of interest and earnings. The platform supports various assets, including Bitcoin, Ethereum, and Curve liquidity provider tokens. Users can earn the LEVER token by participating in the governance process and use it as a means of payment on the platform. LeverFi aims to bring stability and sustainability to the DeFi market by addressing issues such as lack of sustainable TVL and utility. The team behind LeverFi has a background in the traditional financial sector and has experience in various aspects of the crypto industry.
In the future due to the trading opportunities available to Leverfi participants, Leverfi could be a multi billion dollar cryptocurrency, priced at $0.001730 with a circulating supply if 33,200,000,000 out of a max supply of 35,000,000,000. The price of $Lever theoretically will be able to reach $0.17 to $10 if Leverfi captures even 0.5 to 10% of the global leveraged trading volume of Bitcoin. Speculatively it will reach the same price much sooner in the this bull market.
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