DEX Level Finance Votes to Transfer $200M to its DAO

The Level Finance community is voting to move over $200 million of its native LVL tokens to its decentralized autonomous organization (DAO) in order to increase value for token holders.

100% of voters have been in favor of the proposal, which precedes a mid-April protocol upgrade.

Rewards, incentives, and emissions will be managed by the DAO, and the community, along with new ecosystem partners, will work together to realize the full potential of the project.

This capital infusion is expected to benefit LVL tokens, as users of Level can trade financial derivatives, such as futures on Bitcoin (BTC) and Ether (ETH), with low slippage and cheap fees, as well as high leverage of up to 30 times the initial collateral.