# Level

> Level is the leading stablecoin protocol powered by blue-chip lending protocols.

Level issues lvlUSD, a stablecoin backed by USDC and USDT that generates yield from lending protocols.

Level helps DeFi users earn yield on stablecoins through lvlUSD, a dollar-pegged token fully backed by USDC and USDT. Users can mint lvlUSD, stake it to receive slvlUSD for higher yields, and use both tokens across integrated protocols. Level provides access to lending protocol yields while maintaining dollar stability.

- Type: Company
- Sector: Finance
- Status: Inactive
- Founded: 2021-11-01
- Profile: https://thegrid.id/profiles/level

## Products

- [Level Protocol](https://thegrid.id/profiles/level): Level Protocol is a stablecoin issuance platform that creates lvlUSD tokens backed by USDC and USDT deployed into lending protocols. The system includes ERC-4626 staking mechanisms for yield distribution and cross-chain compatibility through LayerZero integration. (Stablecoin Issuer, Discontinued, Main Product)

## Assets

- [Level USD (LVLUSD)](https://thegrid.id/profiles/level): LVLUSD is a USD-pegged stablecoin issued by Level Protocol, backed 1:1 by USDC and USDT. It is minted permissionlessly on Ethereum and can be used as collateral, for trading, and in lending markets across integrated DeFi protocols. The Level team was acquired and the protocol is no longer active, though lvlUSD holders can stake it for slvlUSD to accrue yield from the underlying lending positions. (Stablecoin)
- [Staked Level USD (slvlUSD)](https://thegrid.id/profiles/level): slvlUSD was a liquid staking token representing staked lvlUSD on Level Protocol, an Ethereum-based stablecoin platform. It was used to accrue lending yield from USDC and USDT reserves deployed in protocols like Aave, with the token appreciating in value as yield was distributed into the staking vault. Level Protocol has since been shut down, and slvlUSD is no longer active. (Liquid Staking Tokens (LSTs))

## Links

- [Main](https://www.level.money)
- [Documentation](https://level-money.gitbook.io/docs)
- [Twitter / X](https://x.com/levelusd)
- [Telegram](https://t.me/level_en)
- [Telegram](https://t.me/level_asia)
- [GitHub](https://github.com/Level-Money)

## Legal

This data is provided under two licensing models.

Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation.

Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
- All data is provided AS IS with no guarantees of accuracy.
- The Grid does not provide investment, legal, or tax advice, and
- a project's presence in The Grid's data does not imply endorsement.


- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP