Level Town Hall and Discord Updates
Level Town Hall and Discord Updates
🎪 Discord Drama Incoming
Level is hosting their Community Town Hall on Discord with important updates:
- Date: July 9th
- Time: 3 PM UTC / 11 AM EST
- Location: Level Discord Server
The session will cover:
- Current live features
- Upcoming developments
- Implementation guidance
A full breakdown of the event will be available on Level's Discord server afterward. Join to stay updated on the latest developments.
Full breakdown of this event on Level's Discord.
✅ Access Restored ✅ We've officially regained access to the @LevelUSD account on X. We sincerely apologize to everyone for the risk and disruption caused by this incident. Our team has been working non-stop to resolve the situation and protect the community. If you believe
Level Protocol Reports 6.79% Weekly APY with $55.92M in Total Reserves
Level Protocol's slvlUSD delivered a 6.79% weekly APY, with total reserves reaching $55.92M. The reserves are allocated across two lending strategies: - $17.56M in aUSDC - $38.37M in steakUSDC (Morpho) Total yield distributed this week: $56.53k The protocol maintains transparency through their [dashboard](https://app.level.money/transparency). Users can: - Mint lvlUSD - Stake for yield by converting to slvlUSD - Unstake anytime with 3-day cooldown *Note: Not available in the U.S.*
LevelUSD Regains Control of X Account After Security Incident
LevelUSD has successfully restored access to their compromised X (formerly Twitter) account. The team confirms they are working to protect the community and assist affected users. - No systems beyond the X account were impacted - Affected users can seek support via Discord tickets - A detailed post-mortem report is forthcoming This incident follows a similar pattern to the May 2025 Curve Finance X account compromise, where account access was restored without impact to user funds or platform security. *For assistance:* Join the [LevelUSD Discord](https://discord.gg/levelusd) to open a support ticket.
Bank of America Reports Banks Preparing to Launch Crypto Stablecoins
Key updates from the latest Level Money report: - slvlUSD delivered 7.99% weekly APY - Total reserves at $74.5M across aUSDC and steakUSDC (Morpho) - $68.98k in yield distributed this week Market highlights: - Stablecoins added $4.5B market cap post-GENIUS Act - Lending overtakes stablecoin issuers as largest sector on Base by TVL - MorphoLabs exceeds $1.6B in USDC supplied - Bank of America reports banks preparing crypto stablecoin launches Yield opportunities remain through Curve LP (60x XP), Pendle (40x XP), and Morpho vaults (40x XP).
Level Protocol APY Drops to 8.27%
Level's latest slvlUSD yield distribution shows an **8.27% APY**, down from 8.95% last week. How to participate: - Mint lvlUSD through [Level's dashboard](https://level.money/dashboard/buy) - Convert to slvlUSD for yield - Unstake with 7-day cooldown Current XP farming opportunities: - Pendle: 40x XP (lvlUSD) / 20x XP (slvlUSD) - Curve Finance: 60x XP for LPs - Morpho: 40x XP using lvlUSD as collateral *Note: Distribution based on daily average market cap, with compounding. Past performance not indicative of future results. Not available for US persons.*