Level to discontinue lvlUSD and slvlUSD products, with the frontend shutting down on December 15, 2025, and the final rewards distributed by October 2, 2025.
Level, a yield-bearing stablecoin protocol, has announced its acquisition by a prominent DeFi platform. Following the acquisition, the protocol will wind down its operations for lvlUSD and slvlUSD. Users can immediately unbond slvlUSD and redeem lvlUSD at a fixed 1:1 ratio. Minting has stopped, with the final yield distribution set for October 2, 2025. The frontend will go offline on December 15, 2025, while smart contract access remains available thereafter for unstaking and redemption.