
Levana Perps
A decentralized perpetual swaps protocol on Cosmos chains with a fully collateralized model that locks in trader profits upfront.

What is Levana Perps?
Levana is a decentralized perpetual swaps protocol deployed across Osmosis, Neutron, and Injective in the Cosmos ecosystem. Traders deposit collateral and open leveraged long or short positions on major crypto pairs, while liquidity providers supply the counterparty capital and earn yield plus a volatility risk premium. Every position is fully collateralized at open so the protocol never accrues bad debt, and Levana has processed more than $3B in cumulative trading volume across supported chains.
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App store listings are independently reviewed and written by Alchemy using a combination of inbound submissions, editorial research, public project sources, and third-party directories, including ecosystem data from The Grid under the Open Database License, DefiLlama, DappRadar, Reown, and chain ecosystem pages.

