Three things defined this week: a meaningful upgrade to position flexibility, the launch of a $17K trading competition, and continued growth in LVMON staking as the open-to-all program gained traction. Weekly volume came in at $154.6M.

Here's everything.

Protocol Updates

Remove Margin — Withdraw Collateral From Active Positions

Traders can now withdraw part of their position margin at any time on both standard and degen pairs. Every withdrawal is protected by maximum leverage checks and liquidation safety checks, ensuring positions remain healthy after the adjustment.

Previously, reducing collateral on an open position required closing it first. This change gives traders more direct control over capital allocation without interrupting their exposure.

UI Updates and Backend Optimizations

A series of interface refinements were shipped this week to improve the overall trading experience. Additional backend optimizations were also deployed to strengthen platform stability and security.

Protocol Metrics (Jun 8–14)

Trading Activity

  • Reported Volume (7D): $154.6M
  • TVL: $2.28M (+3.17% WoW)

Revenue & Fees

  • Trading Fees (7D): $30,741
  • Protocol Revenue (7D): $23,322

Vault

  • Protocol Vault Value (MON): 62.95M (+2.91% WoW)
  • Protocol Vault Value (LVUSD): $870,307.95

LVMON Staking

  • Total Staked: 15,931,982 LVMON
  • Current APY: 54%

$LV Buyback

  • 28,152.32 LVMON deployed for buybacks
  • 12,376.64 LV burned

Ecosystem

DOKDO × LeverUp Trading Competition Is Live

The DOKDO × LeverUp Trading Competition officially launched on June 9. The campaign runs through June 30, with final rankings announced July 3 and rewards distributed within two weeks after that.

Prize Structure

  • Trading Volume Leaderboard: Top 80 traders share $15,000. 1st–3rd place also win rare Pokémon cards.
  • PnL Challenge: 1st ($1,000) / 2nd ($350) / 3rd place

To participate, traders need to enter a registration code before placing trades — volume without a linked account won't count toward the leaderboard.

PnL Competition → Volume Competition →

$LVMON Staking Open to All Wallets

Following last week's announcement, LVMON staking continued to attract new participants this week. Any wallet can now stake and earn — no allocation limit, no whitelist.

Total staked reached 15.9M LVMON by end of week, with APY at 54%. The earlier you join, the fewer participants share the yield pool.

Stake now →

From the Community

DOKDO Competition Breakdown — @realonex369 published a detailed guide to the competition structure, covering both leaderboards, reward tiers, and how to make sure your trades count. Worth reading before you place your first trade in the competition.

12,000 LVMON in One Week — @brocoliwang shared his staking results publicly: over 12,000 LVMON earned in a single week. The post highlighted that with fewer participants sharing the pool in the early stages, staking returns are particularly strong right now.

$LV Utility Expands — 15% Boost in Kizzy Memecoin Mania — @kizzymobile announced that holding $LV now grants an additional 15% boost in the Kizzy Memecoin Mania campaign, adding another utility layer for LeverUp token holders within the Monad ecosystem.

Trader Highlight: +430% PnL — @Balogz212 shared a trade that generated more than 430% PnL this week, pointing to LeverUp's high-leverage environment as the venue.

Active Programs

DOKDO × LeverUp Trading Competition — Runs through June 30. → Competition Details

AnyCollateral Program — Monad ecosystem tokens accepted as trading collateral. → ac.leverup.xyz

Pingu Trader Welcome Program — Trading rebates for active Pingu traders. → Details

LVMON Staking — Open to all wallets. → Details

Trade on LeverUp: app.leverup.xyz