VivaLeva is committed to creating a service that gives priority to its users. With this aim, we’re developing a tokenomics that puts user share at the forefront. Our goal is to create an ecosystem where every user has a share in the success of our platform. In other words, we strongly believe that success of our service is closely connected to the financial prosperity of our users. By prioritizing user share, we are establishing a sustainable model that benefits all of our users and VivaLeva itself in the long term.

Token Ticker：Vae

Total Supply：25000000

Public Sale (40%)：100% TGE

Ecological Fund（20%）：Locked for 12 months, remaining released linearly over 24 months

community rewards（20%）：Locked for 12 months, remaining released linearly over 24 months

Marketing (10%)： Released linearly over 12 months

Liquidity (8%)： 100% TGE

Upcoming IDO

https://www.vivaleva.co/

Our team is primarily dedicated to promoting our service’s overall performance and addressing any existing weaknesses in our protocol during Q2-Q3, in order to provide a seamless user experience in VivaLeva.

Priorities

First, by increasing pool diversity, we aim to provide more varied investment opportunities to our users. We are actively seeking partnerships and integrations with multiple DEXs in order to accomplish this goal.

Second, we aim to strengthen the security of our protocol by obtaining audit reports from reputable partners and performing continuous security checks with our internal security team. Our security team conducts both autonomous and manual code reviews for every code commit, protecting user assets from potential hacking threats. Additionally, we plan to share our security know-how with developers within the zkSync ecosystem, with the belief that this will enhance the overall security level of the ecosystem.

Furthermore, we intend to strengthen the transparency of our service by introducing new features to the user dashboard. We will begin with providing basic metrics like Total Value Locked (TVL) and trading volume, and later incorporate various other indicators related to asset movement and accumulation within the service. Through these efforts, we aim to provide a sense of confidence in VivaLeva investors and assist them with valuable information to guide their investments.

We are working to make VivaLeva more user-friendly in different ways. One of our efforts includes preparing a feature that connects the swap service directly to our service, which means users can do all necessary investment processes within VivaLeva, without swapping outside of the service. Features like this is intended to enhance the user experience and provide a seamless experience that keeps everything within VivaLeva.

Lastly, we’re trying to reduce the financial burden on our users, which will be realized by optimizing all money-related processes within VivaLeva. For instance, we’re looking into ways to minimize user swap paths when farming, as well as implementing an optimized investment portfolio recommendation system. These actions will help prevent users from spending unnecessary costs, beyond the required fees.

Timeline

To achieve our priorities mentioned above, we have set a development timeline. First stage is to increase investment opportunities for our users by collaborating with diverse and influential partners, such as powerful DEXs, and developing ways to work with them in multiple ways. We believe that this will lead to the expansion of the VivaLeva ecosystem and create a stronger community.

Furthermore, to give users a preview of VivaLeva before its official launch, we are planning to conduct a beta test by opening only the Lending function. Valuable feedbacks given during beta testing will be used to improve the quality of full launch version of VivaLeva. In addition to the beta test, we will also be hosting various user events regarding Viva token airdrops and additional giveaway events. We will make sure our users are engaged and excited about the possibilities of VivaLeva.

The full version of VivaLeva, with access to all menus and farming investment opportunities, will be launched alongside the zkSync mainnet launch. At the same time, we will introduce the VivaLeva membership, which will be granted to those who meet specific conditions. Members of VivaLeva membership will receive exclusive benefits and rewards, and more details will be provided in a separate Medium post.

Lastly, we will continuously strive to enhance the user experience by identifying and addressing any UI/UX issues in the early stages and adding key visual images. Our goal is to constantly improve the UI/UX of VivaLeva, and we think that through ongoing refinement and innovation, we can achieve that.

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.

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Introduction

VivaLeva acknowledges the difficulty in finding a financial service that is both effective and safe, while also being transparent and easy to use. We may not be perfect in every aspect mentioned above, but VivaLeva is trying to reflect these principles in our service and is dedicated to providing users with a seamless and rewarding experience. Today, we would like to introduce 4 key features VivaLeva is focusing on.

Feature 1: Capital Efficiency

Leverage provides a great advantage to our users by allowing for the possibility of higher returns. By borrowing funds to invest, users can increase the total amount of asset invested, which accordingly increases their potential profits.

However, it’s important to understand that using leverage involves risks. Due to the volatility of price of assets invested, investments made with borrowed funds can possibly result in losses. Therefore, investing in a leverage yield farming service requires for a high level of financial and risk management skills. However, the benefit leverage provides definitely outweighs this risk — if you are a mature and skillful investor well enough to manage your own risks!

Here’s an example how profits are maximized by using leverage.

Let’s assume that there is a pool with an APR (Annual Percentage Rate) of 30% and both investors possess a seed investment of $10,000. Each investment is automatically reinvested for compound interest every day, and the position is held for 365 days.

We will compare the performance of two investors: one who invested without leverage and another who invested with 4.0x leverage. The borrowing interest for using leverage is 5%.

First, let’s consider the investor who invested without leverage. In this case, the investor puts in $10,000 into the pool and earns 20% APR over the course of 365 days. With daily compounding, the investor’s ending value after one year would be:

Ending Value = $10,000 x (1 + 30%/365)³⁶⁵ = $13,496.9

Thus, this investor earns a profit of $3,496.9 (Ending Value-Initial Investment) over the course of the year.

Now, let’s consider the investor who invested with 4.0x leverage. In this case, the investor puts in $10,000 and borrows an additional $30,000 at a 5% borrowing interest rate. This brings the total investment to $40,000. The investor earns 30% APR on the entire $40,000 investment over the course of 365 days, with daily compounding. Now, this investor’s ending value at the end of the year would be:

Ending Value = $40,000 x (1 + 30%/365)³⁶⁵ = $53,987.7

Thus, this investor’s profit would be:

Net Profit = Ending Value -Inital Investment-(Compound)Borrowing Interest = $12,449.7

Comparing the two scenarios, we can see that the investor who used leverage earned a higher absolute profit than the investor who did not use leverage. Furthermore, we can see that the ROI of 4.0x leverage investor is about 3.5 times higher than ROI of investor who invested without leverage.

This shows how powerful tool leverage is, in aspect of how it helps investors to maximize the use of their available capital.

Feature 2: User-Centeredness

VivaLeva is committed to creating a service that gives priority to its users. With this aim, we’re developing a tokenomics that puts user share at the forefront. Our goal is to create an ecosystem where every user has a share in the success of our platform. In other words, we strongly believe that success of our service is closely connected to the financial prosperity of our users. By prioritizing user share, we are establishing a sustainable model that benefits all of our users and VivaLeva itself in the long term.

Therefore, one of the main focuses of VivaLeva is on designing UI/UX focused on user convenience. We understand that the world of cryptocurrency and leverage can be confusing and difficult to some users, which is why we have developed a user-friendly and intuitive interface. Our goal is to make it easy for anyone to participate in yield farming, regardless of the level of expertise.

Feature 3: Security

We are a security-oriented development team that places a great emphasis on security. Not only do we have an internal security team, but also all of those who are involved in the development of VivaLeva possess a high level of knowledge and expertise regarding blockchain security. In detail, we conduct manual audits in collaboration with our internal security team and also perform automated code reviews. Just every time the dev team updates the code, an automatic code review is carried out, consequently enhancing the overall level of security. We are open to sharing the knowledge regarding protocol security with the zkSync community, and we intend to notify the community of any additional security concerns we uncover while developing, in order to dedicate to the enhancement of security level of zkSync ecosystem.

Feature 4: Transparency

We have designed a protocol that discloses a wide range of information related to our service, including the policies that govern how various metrics and data are determined, the addresses of our contracts, and the parameters that govern the behavior of our protocol. Of course, it is also fully open-sourced, allowing anyone to access the code and review it. Additionally, we are developing a user-friendly dashboard that will provide users with real-time visibility of current state of the protocol, so that they can make informed decisions and have confidence in the security and stability of our service.

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.

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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.

Wht 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 visuion

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.

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