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A new era in decentralized trading has arrived with the launch of LeverUp, an innovative LP-free perpetuals exchange built on the Monad layer-1 blockchain.
Backed by Makers Fund, LeverUp introduces a groundbreaking approach to DeFi trading, one that removes the need for liquidity providers, redistributes all fees back to traders, and enables uncapped open interest with zero trading fees.
LeverUp aims to resolve long-standing inefficiencies in the defi ecosystem, where fragmented liquidity and high fees have constrained growth and user experience. By leveraging Monad’s fast, scalable, and transparent infrastructure, LeverUp provides a streamlined trading environment that maximizes capital efficiency and transparency.
A Next-Generation DeFi Platform
Unlike traditional platforms that rely on liquidity pools or passive providers, LeverUp allows traders to interact directly with the protocol. This design eliminates constraints on open interest tied to total value locked (TVL), allowing for deeper liquidity and a more equitable trading experience.
 
In a bold departure from conventional models, LeverUp redistributes all protocol fees back to its traders rather than sharing them with liquidity providers. This approach creates a self-reinforcing ecosystem where network value compounds directly among participants. Every transaction, position, and on-chain protocol metric is recorded, ensuring full transparency and verifiability.
High Leverage and Native Settlement Layer
Traders on LeverUp can access leverage of up to 1001x across major cryptocurrencies and real-world assets, powered by an institution-grade risk engine. The platform also introduces LVUSD, a native stablecoin settlement layer designed to enhance stability, composability, and capital efficiency across the ecosystem.
LeverUp’s architecture capitalizes on Monad’s high-throughput capabilities to deliver near-centralized exchange execution speeds with true DeFi composability. This means protocols can integrate seamlessly, creating a modular ecosystem where decentralized applications interoperate effortlessly, akin to “Lego blocks” in the DeFi world.
As many perpetual exchanges attempt to mimic centralized trading experiences, LeverUp distinguishes itself by embracing a purely decentralized, LP-free model. With uncapped market depth, zero fees, and unmatched transparency, it aims to redefine how traders interact with decentralized markets.
About LeverUp
LeverUp is a decentralized, LP-free perpetuals exchange offering up to 1001x leverage, 100% fee redistribution, and full transparency through on-chain operations. Built on Monad, LeverUp delivers scalability, composability, and true DeFi performance without the limitations of traditional liquidity provider models.
Source: https://zycrypto.com/leverup-launches-lp-free-perpetuals-exchange-on-monad-redefining-defi-trading/