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Details: ht
The stablecoin protocol Level is about to be acquired, lvlUSD and slvlUSD will gradually be shut down.
On September 26, the stablecoin protocol Level announced that the team will soon be acquired by a leading Decentralized Finance protocol. Since its launch nearly a year ago, lvlUSD's market capitalization reached a peak of 185 million USD, while slvlUSD has provided users with an average Annual Percentage Rate (APY) of over 7%.
As part of this transition, the Level protocol, including lvlUSD and slvlUSD, will be gradually shut down. All users can unlock slvlUSD and redeem lvlUSD, and all cooling periods will be shortened to 2 seconds.