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 | $403,647 |
| 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/ |
## Overview 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. ## Products Stablecoins issued by this entity: LVLUSD.