Level is a DeFi stablecoin protocol developed by Peregrine Exploration. In 2025, Level announced that the team was joining Sky's Grove initiative and that lvlUSD and slvlUSD would be sunset.
| Product | Backing | Status | Market cap |
|---|---|---|---|
| LVLUSDLevel USD | Crypto Backed | Active | $402,549 |
| Legal name | Peregrine Exploration |
| Stage | Private |
| CEO | David Lee |
| Founders | Kedian Sun, David Lee |
| Funding rounds | Round Seed · Amount $4M · Year 2024 · Investors: Polychain Capital, DragonflyRound Strategic · Amount $3M · Year 2025 · Investors: Dragonfly |
| Website | https://www.level.money/ |
Level is a DeFi stablecoin protocol developed by Peregrine Exploration. In 2025, Level announced that the team was joining Sky's Grove initiative and that lvlUSD and slvlUSD would be sunset.
Stablecoins issued by this entity: LVLUSD.