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The stablecoin protocol Level has announced that it has been acquired by a leading DeFi, and the protocol will gradually cease operations.
Odaily News The revenue-generating stablecoin protocol Level has announced that it has been acquired by a leading DeFi. The Level team will subsequently join the protocol. As part of the transition, the Level protocol (including lvlUSD and slvlUSD) will gradually cease operations. All users can un-stake slvlUSD and redeem lvlUSD, and all cooling periods will be shortened to 2 seconds. The last batch of revenue distribution will be on October 2, 2025, after which no revenue will be generated regardless of whether the assets remain staked. The front-end interface will continue to operate until December 15, 2025, after which users can still directly un-stake and redeem through smart contracts.