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In an unprecedented move in the decentralized finance (DeFi) market, LeverFi has declared its alliance with Neon EVM to launch an all-in-one platform for leveraged trading and money markets on Solana. This alliance merges the technical prowess of two industry leaders, pledging a more streamlined, secure, and robust trading experience for users.
Neon EVM Empowers LeverFi with a Developmental Fund
LeverFi recently announced its strategic partnership with Neon EVM, a notable Ethereum Virtual Machine constructed on the Solana blockchain. This partnership is set to transform the DeFi sector, underscoring LeverFi’s commitment to advanced solutions that serve traders and enrich the Neon ecosystem. With this collaboration, LeverFi secures a spot in the esteemed Neon Early Builders Program (EBP).
To further expedite this collaborative endeavor, Neon has bestowed upon LeverFi a developmental fund. This monetary aid will play a pivotal role in rolling out LeverFi’s platform and fostering enhanced user engagement across both the LeverFi and Neon networks.
Leveraging this partnership, LeverFi aims to offer an all-encompassing DeFi platform that ingeniously amalgamates on-chain spot swaps with state-of-the-art lending and leveraged trading functionalities. With its roots in Ethereum’s cross-margin platform, LeverFi delivers unmatched leveraged trading experiences for DeFi users while planning omni-chain integrations in the near future.
Moreover, this framework enables the interchange of tokens usually restricted to their native L1 layer – moving seamlessly between EVM and Solana.
A Common Vision Shared by Both Parties
As per their blog post, both entities – LeverFi and Neon EVM – expressed their shared vision for progress and evolution. Their prime objective centers around enhancing the DeFi experience for Neon’s user community.
Deconstructing traditional barriers, these DeFI platforms provide opportunities for individual traders to partake in leveraged positions without intermediaries’ need.
LeverFI eagerly awaits rich interactions with the Neon user community as well as potential engagements with the broader Solana audience through its platform’s deployment on Neon.
With this innovative solution at hand, we are inching closer towards creating an egalitarian financial world where every individual can actively participate without any restrictions or hurdles. The future of finance is decentralised; it’s just around the corner!
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