VivaLeva is a leveraged yield farming service built on zkSync. As the zkSync mainnet launches, VivaLeva is poised to provide users with an high-performing yield farming solution. By leveraging the fast, secure, and scalable capabilities of zkSync, VivaLeva aims to deliver superior returns on investment for our users.

Who we are

VivaLeva is a combined word of ‘Viva’ for ‘cheers’ and ‘Leva’, meaning ‘leverage’. Our protocol was named with the goal of allowing users to clearly experience the advantages of using leverage and efficiently managing their assets. VivaLeva helps our users to maximize their potential returns via leverage, and realize the benefits of high-yield earning opportunities through our protocol. All users may shout out “Viva Leverage!”, and that’s all we want.

Why we build VivaLeva

The VivaLeva team aims on a great inflow of users acquired by leveraged exposure we provide. We hope as many users as possible experience the delight of using leverage. User-friendly manuals and features that we provide for managing leveraged farming positions will attract many users to our service and alleviate concerns about the complexity of leveraged yield farming services.

The main benefit we provide to our users is pretty simple — an opportunity to increase their capital efficiency. We give our users a chance to ramp up their ordinary yield farming position by borrowing funds from the platform, which in turn increases their potential earnings. This leverage function requires users to pay borrowing interests as usual lending platforms and puts users at a relatively higher risk of loss compared to usual yield farming services. Yet, this risk cannot beat the great advantage that we provide — chances to borrow more than you provide as collateral, when considering that most leveraged platforms require overcollateralization. This benefit is enhanced by the low gas cost and fast transactions of zkSync. We expect this opportunity will be pretty attractive to experienced investors looking to maximize their returns. Less risky solutions for novice investors are also prepared in our protocol.

By enhancing the user benefits realized by the leverage function as above, we’re taking a step to bridge the existing gap of dApps provided on zkSync compared to mainstream chains.

What we provide

Lending & Staking

Lenders deposit their tokens in a lending pool and receive ibTokens (interest-bearing tokens). IbToken represents lenders’ ownership of their lent assets in the lending pool, which indicates that the interest earned is accumulated and reflected in these tokens. Lenders can get additional rewards by staking the ibTokens.

Leveraged Yield Farming

Farmers open a leveraged yield farming position and earn potential multiple yields by borrowing assets from the lending pool. This borrowed asset should be repaid when farmers withdraw their asset. VivaLeva is planning to integrate various decentralized exchange (DEX) capabilities, letting users get returns through trading in a single, seamless platform. Total asset collected in the farming pool is automatically reinvested every epoch by the VivaLeva contract, allowing compound interest profit to the users. Farmers should be aware of the liquidation risk — their leveraged farming position may get liquidated when the debt ratio of the farming position exceeds a certain level. This liquidation process is required to protect the lenders from losing their profit.

Our vision

Along with the goal to contribute to the growth of the ecosystem we exist in, we currently aim on broadening the pool of users who experience DeFi platforms. VivaLeva is targeting to onboard users of traditional finance to our service by solving currently existing problems of crypto services — such as poor UI/UX, capital inefficiency, and complexity.

As the perception that DeFi platforms are difficult to use is a major barrier to adoption, we are currently preparing various user-centric features and materials which will assist the onboarding process of tradFi users. We help our users easily learn how the protocol works, and realize the great potential of crypto finance, along with the delight of managing their asset and maximizing it.

We are also trying to strengthen the security level of our protocol by setting up an internal security team, which continuously monitors VivaLeva service to ensure that our users’ assets are protected from potential hacking threats.

Summary

The VivaLeva protocol is ready to help users effectively leverage their assets to boost their potential returns. We aim on becoming one of the pioneers in making the DeFi platform accessible for tradFi users and diversify their investment portfolios. Overall, the VivaLeva protocol will be a powerful tool for users seeking to optimize the performance of their digital assets and stay ahead of the curve in the rapidly evolving DeFi space.

Disclaimer

The information contained in this article is for general informational purposes only. It does not constitute financial advice or a recommendation of any specific service. The information contained in this article is provided by VivaLeva and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the information, services, or related graphics contained in the essay for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this article.