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Level

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.

CEODavid Lee
StagePrivate
FoundersKedian Sun, David Lee
Websitewww.level.money ↗

Products

lvlUSD active $515,096
Level USD
Crypto Backed

lvlUSD is Level's USD-pegged stablecoin backed by USDC and USDT positions deployed into lending protocols. Level documentation states that the product entered redeem-only mode in 2025, with minting paused and lvlUSD/slvlUSD being sunset.

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.

Funding

RoundAmountYear
Seed$4M2024
Strategic$3M2025

Recent Activity