LeverUp Launches LP-Free Perpetual Exchange on Monad

LeverUp’s groundbreaking approach fundamentally challenges the traditional liquidity provider model that has dominated decentralized finance. By eliminating LPs entirely, the platform removes the fragmentation and capital inefficiencies that have plagued DeFi perpetual trading. Unlike conventional platforms where traders must split capital across multiple pools and protocols, LeverUp enables direct engagement with the protocol itself, creating a more streamlined and efficient trading environment.

The platform’s fee structure represents a radical departure from industry norms. Rather than sharing protocol fees with liquidity providers, LeverUp redistributes 100% of these fees back to traders. This model not only eliminates trading costs for users but also compounds network value where it belongs—with the active participants driving platform activity. The elimination of traditional LP constraints means open interest scales independently of total value locked (TVL), liquidity depth, or passive providers, creating unprecedented flexibility in market participation.

Built exclusively on the Monad layer-1 blockchain, LeverUp leverages the network’s high-performance capabilities to deliver near-centralized exchange execution speeds while maintaining true DeFi composability. This strategic partnership enables the platform to utilize Monad’s fast and scalable infrastructure for transparent, on-chain perpetual trading. The integration allows protocols to ‘snap together like Lego,’ as described in the announcement, facilitating compound network effects across the ecosystem.

The platform’s technical stack includes an institution-grade risk engine capable of supporting up to 1001x exposure across cryptocurrency majors and real-world assets. This high-leverage capability, combined with uncapped market depth, breaks through the liquidity ceilings that have limited other DeFi platforms. The native LVUSD settlement system integrates a stablecoin layer that delivers stability, composability, and capital efficiency, addressing one of the most significant challenges in decentralized derivatives trading.

LeverUp directly confronts the systemic challenges that have made DeFi derivatives trading increasingly complex and competitive. The platform’s design specifically targets fragmented liquidity, complicated fee structures, and transparency issues that have created friction and increased risk for users. By providing full on-chain transparency where every position, metric, and protocol flow is verifiable, LeverUp establishes a new standard for trust in decentralized trading.

While other platforms race to replicate centralized exchange perpetuals through standalone chains and high-throughput order books, LeverUp has chosen a fundamentally different approach. The platform’s LP-free design on high-performance public chains represents a strategic divergence from industry trends, focusing instead on true DeFi composability and network effect compounding. This ecosystem-aligned approach positions LeverUp as a distinctive player in the crowded perpetual exchange market.

The platform’s current testnet availability at app.leverup.xyz and comprehensive documentation at LeverUp.gitbook.io provide traders with the tools to explore this new trading paradigm. As the DeFi landscape continues to evolve, LeverUp’s model of eliminating intermediaries while maintaining institutional-grade capabilities could set a new benchmark for what traders expect from decentralized derivatives platforms.