Fair Launch is here. This week, LeverUp introduced Fair Launch, a new mechanism for backing Monad-native tokens before they launch, and announced busy.land ($BUSY) as its first project. The LeverUp × Layer3 Trading Milestones Campaign also went live with $3,000 in total rewards, and LeverUp crossed $4B in cumulative trading volume.

Here's everything.

Protocol Updates

Fair Launch Is Here

LeverUp officially introduced Fair Launch, a new way to back Monad-native tokens before they exist. A Builder sets a fixed fundraising target in LVMON and a contribution window; contributors deposit LVMON directly, or MON converted 1:1 into LVMON, while the raise is open.

If the target is reached, the token launches through Nad.Fun and contributors claim their allocation. If it isn't, contributors can reclaim their full contribution. Contributors receive the same per-token price — there's no lower-priced allocation for another cohort. → Full mechanics · Official docs

First Fair Launch: busy.land

The first project announced for LeverUp Fair Launch is busy.land ($BUSY) — a five-continent real-time investment game built on Monad, where players use $JAMES to compete for Market Lead positions across five parallel markets (Americas, Europe, Africa, Asia, Oceania) and mine $BUSY while their lead remains active.

Fair Launch schedule:

  • Aug 18, 08:00 UTC — 4-hour whitelist access
  • Aug 18, 12:00 UTC — Public access, subject to remaining allocation

Whitelist eligibility was determined through pre-launch snapshots and activity records, including qualified LeverUp traders, $JAMES holders, Monad Cards holders, qualified Nad.Fun traders, and selected Monad ecosystem collaborations.

Fair Launch provides the launch mechanism only and doesn't guarantee the value or performance of any launched token.

Ecosystem Highlights

LeverUp × Layer3 Trading Milestones Campaign Is Live

A new trading campaign went live with $3,000 in total rewards.

Reward structure:

  • $1,500 shared among participants who complete all trading milestones
  • $1,500 distributed among the top 10 traders by trading volume

Campaign period: Aug 11, 10:00 PM → Sep 11, 10:00 PM

→ Campaign details

$4B+ Cumulative Trading Volume

LeverUp surpassed $4 billion in cumulative trading volume this week, with trading activity continuing across V2. → Track it on DefiLlama

Protocol Metrics (Aug 10–16)

Trading Activity

  • Reported Volume (7D): $175.26M
  • TVL: $2.38M

Revenue & Fees

  • Trading Fees (7D): $9,938
  • Protocol Revenue (7D): $6,196

Vault

  • Protocol Vault Value (MON): 73.52M
  • Protocol Vault Value (LVUSD): $899,594.51

LVMON Staking

  • Total Staked: 25,086,376 LVMON
  • Current APY: 30%

$LV Buyback

  • 41,379 LVMON deployed for buybacks
  • 16,126.68 $LV burned

Active Programs

AnyCollateral Program — $LV and other Monad ecosystem tokens supported as collateral. → ac.leverup.xyz

LVMON Staking — Open to all wallets, current ~30% APY. → Details

LeverUp Agent Wallet — Delegated, revocable trade-only permissions shipped as part of V2. → Details

Fair Launch — Support Monad-native projects before token launch through a transparent contribution mechanism. → Details

Previous Weekly Recaps

Trade on LeverUp: app.leverup.xyz