What was LeverFi before?

Among the various services offered by LeverFi, one notable mention is its integration with BTCC, a top cryptocurrency exchange. BTCC, renowned for its robust infrastructure and diverse range of services, including spot trading, futures trading, and digital wallet management, adds significant value to LeverFi's offering.

One of the primary objectives behind LeverFi's rebranding was to tackle the issue of unsustainable Total Value Locked (TVL) in the DeFi market. TVL, a crucial metric used to measure the total value of digital assets locked in DeFi protocols, had been fluctuating erratically, causing concern among investors and developers alike.

Another critical aspect that LeverFi's rebranding sought to address was the lack of utility within the DeFi ecosystem. Many DeFi projects had struggled to provide meaningful use cases for their tokens, leading to low adoption rates and waning investor interest.

By repositioning itself as LeverFi, the platform aimed to differentiate itself from its competitors and offer a more robust and user-friendly experience. LeverFi's focus on leverage trading was seen as a potential game-changer, as it allowed users to amplify their returns while managing risk effectively.

LeverFi, a decentralized leverage trading platform, underwent a significant transformation in March 2022, transitioning from its former identity as RAMP DEFI. This rebranding marked a strategic shift aimed at addressing pressing concerns within the DeFi landscape.