Level USD wallet

What is Level USD (LVLUSD)?

Think of lvlUSD as a dollar token with a second life underneath it. Users mint it by depositing stablecoins, and the collateral behind it is put to work through restaking rather than sitting idle - which is why the project calls it a restaked dollar. Crucially, that activity does not show up in your balance. lvlUSD itself does not rebase: 100 lvlUSD stays 100 lvlUSD, and the mechanics live in a separate staked version of the token that you have to opt into by staking. Holding the plain token and holding the staked one are two different states, and confusing them is the most common misunderstanding with this design.

Practically, lvlUSD is an ERC-20 on Ethereum. Minting and redeeming happen through the protocol's own contracts against the underlying stablecoins; on the open market it trades like any other dollar token, and the two prices are not automatically identical. As with anything on Ethereum, the transfer fee comes out of ETH at your address, not out of the token.

Supported networks in Tangem (1): Ethereum.

Because nothing about the plain token requires attention - no balance that ticks, no position to rebalance - the sensible arrangement is a key you rarely disturb. Tangem's is created inside the card and stays there, with a duplicate card as the way back in if one is lost and an optional seed phrase for those who want the extra copy. Storage that asks nothing of you matches a token that asks nothing of you.