Use cases are the lifeline of stablecoins.

Metcalfe's Law is used to describe the value of a network, specifically, the value (V) of a network is proportional to the square of the number of nodes (n) in the network. In the context of stablecoins, the dimensions measuring 'nodes' include not only users but also use cases (like trading pairs on exchanges, DeFi integrations, payments, etc.). Therefore, the value of stablecoins can be expressed as:

Number of users: Individuals, institutions, or protocols holding or using stablecoins.
Number of use cases: Applications of stablecoins in different areas, such as trading, lending, payments, staking, etc.
As the number of users and use cases increases, the practicality and liquidity of stablecoins improve, and their market value and acceptance grow accordingly. This growth is nonlinear (square level), as each new user or scenario not only brings direct value but also amplifies the overall network value through interaction with other nodes.

Why do I say Level is a stablecoin born for 'use cases'?

1. Low Risk: Based on robust asset backing and transparent governance
Level's low-risk mechanism:
Asset backing: $lvlUSD is fully backed by USDC and USDT, which together hold about 80% of the stablecoin market share and are the most trusted fiat-backed assets in the crypto market. Their low credit risk provides a solid anchoring foundation for $lvlUSD.
Source of Returns: The reserve assets of $lvlUSD (USDC/USDT) are deposited in top lending protocols like Aave and Morpho, providing scalable and reliable streams of returns.
On-chain Transparency: Level employs on-chain governance and yield distribution mechanisms, with all reserve and yield distribution data available for query through the blockchain.
2. High Yield: Optimized Yield Distribution Mechanism
Level's high-yield mechanism:
Source and Distribution of Returns: The reserves of $lvlUSD are deposited in lending protocols like Aave, and these returns are distributed to $slvlUSD through the ERC-4626 vault standard, continuously accumulating yields.
Low Staking Ratio Amplifying Returns: As of April 2025, only 30-45% of $lvlUSD is staked as $slvlUSD. This means all lending returns are concentrated and distributed to about 1/3 of token holders, significantly enhancing the effective yield of $slvlUSD.
Market Performance: Since the launch of yield distribution in mid-December 2024, the annualized yield (APY) of $slvlUSD has stabilized at 8.3% (Level Dashboard), higher than Aave's USDC deposit rate.
3. Capital Efficiency and Practicality: Deep DeFi Integration and Network Effects
Level's Capital Efficiency and Practicality Mechanism:
Multi-protocol Integration: $lvlUSD and $slvlUSD have been deeply integrated into leading DeFi protocols such as Morpho, Pendle, Spectra, and Curve.
Comparative Advantage: The multi-scenario integration of $lvlUSD and $slvlUSD significantly enhances their DeFi usability compared to lending protocol receipt tokens.
Capital Efficiency: Users can cycle investments through Morpho to lend into Pendle or Curve, continuously amplifying initial capital returns.

Finally, how to participate?
The Level XP program is still operational; saving money and bringing in new users can earn points.
Participation link: https://app.level.money/farm?referralCode=x6n8h5…
(Level must be the big play, trust me)