Level Finance
| Primary URL | Location | Industry | level[.]finance |
Country
Singapore
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Financial Services
|
|---|
Profile
Level Finance operates as a decentralized finance platform that functions as a crypto exchange, with its headquarters located in Singapore. The service allows users to swap digital assets, including its native LVL token, through smart contract‑based mechanisms. A core feature of the platform is a referral program that rewards participants via a claimMultiple function embedded in its smart contracts. This setup enables users to earn rewards by inviting others and completing on‑chain actions.
The organization’s headquarters are situated in Singapore, establishing its legal base in the city‑state. Level Finance delivers its services through an online interface that is accessible to users with an internet connection.
Level Finance distinguishes itself by focusing on decentralized finance solutions that integrate automated smart contracts for both trading and incentive distribution. Its reliance on a claimMultiple function for processing referral rewards illustrates a specialized approach to user acquisition and reward allocation. The May 2023 incident, in which a logic bug in that function was exploited to drain 214,000 LVL tokens valued at about $1.1 million, underscored the platform’s dependence on complex contract code. The exploit, which involved the creation of numerous referral accounts and the use of flashloans to amplify rewards, caused the LVL token’s market value to drop roughly half after the attack became public.