Level, a yield-generating stablecoin protocol, has announced its acquisition by a major DeFi entity. As part of this transition, Level will gradually cease operations, including its tokens lvlUSD and slvlUSD. Users are now able to unstake slvlUSD and redeem it for lvlUSD with a reduced cooldown period of 2 seconds.
The final yield distribution is set for October 2, 2025, after which no further yields will be generated, regardless of staking status. The protocol's frontend will remain operational until December 15, 2025, allowing users to interact directly with the smart contracts for unstaking and redemption beyond this date.
Level Stablecoin Protocol Acquired by Major DeFi Entity, Operations to Cease
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