LeverFi (LEVER) is a decentralized finance (DeFi) platform on the Ethereum Blockchain designed to improve asset efficiency and trading. LeverFi aims to address the shortcomings of existing DeFi protocols by offering features that minimize risks, ensure sustainable returns, and optimize asset management. In this article, we'll answer two key questions: What is LeverFi (LEVER) and how can you buy LeverFi (LEVER) with Turkish Lira (TRY)?

What is LeverFi (LEVER)?

LeverFi is a non-custodial, on-chain leveraged trading protocol that boosts asset efficiency within the DeFi landscape. Asset efficiency involves maximizing returns while minimizing risks and costs by effectively using time and assets. LeverFi provides users with transparency and self-custody over their assets, enabling a smooth trading experience and addressing common DeFi challenges. For the latest financial and business news, visit COINTURK FINANCE.

Investors using LeverFi can manage yield-generating assets within a single collateral basket, allowing them to take larger trading positions with reduced liquidation risk. Additionally, they can earn yields while trading on margin, with the protocol ensuring optimal pricing and minimal slippage by routing transactions through various trading platforms.

Lenders on LeverFi can earn real yields by lending their assets to traders without exposure to directional risks. The secure and non-custodial design of the protocol facilitates safe interactions between lenders and traders, offering competitive and sustainable returns.

LeverFi operates through four key components: the Collateral Manager, Trading Manager, Lending Manager, and Risk Manager. These components, supported by smart contracts, handle tasks such as collateral management, trade execution, yield accrual, and risk management within the protocol.

LeverFi distinguishes itself in the DeFi sector by allowing investors to earn yields and leverage trades simultaneously, offering transaction settlement on the protocol, and consolidating assets into a unified collateral basket for cross-margin trading. LeverFi also prioritizes optimized asset pricing, enhanced investor support, and competitive real yields in the market.

LEVER coin is the primary asset of the LeverFi ecosystem, serving as a governance token and a tool for users to stake and earn rewards. LEVER holders can participate in protocol governance and stake their tokens to earn a share of the platform fees generated from user activities.

How to Buy LeverFi (LEVER) with TRY?

For investors in Turkey looking to buy LeverFi (LEVER), Binance TR is the most suitable cryptocurrency exchange. On Binance TR, you can easily create an account and buy and sell over 100 cryptocurrencies, including LEVER. Here are the steps to buy LeverFi (LEVER) with TRY on Binance TR.

How to Open an Account on Binance TR?

Opening an account on Binance TR is simple. Visit trbinance.com and follow the “Create Account” process. You will need to provide basic information such as your email address, phone number, name, date of birth, nationality, and T.C. identity number.

After entering the requested information, an email/SMS verification will be performed. Once this is completed, you will proceed to identity verification (KYC).

How to Verify an Account on Binance TR?

Identity verification on Binance TR is a necessary security step before starting cryptocurrency trading. This process protects both the user and the exchange. Verification can be done via phone or the official Binance TR website.

On the Binance TR website, hover over “Profile,” click on “Identity Verification and Limits,” and then click “Verify.” Scan the QR code with your phone’s camera and continue the process on your phone. If you can’t scan the QR code, send the verification link to your phone via SMS.

Once on your phone, select the document type for verification, upload clear photos of the front and back of your ID or driver’s license, and complete a selfie scan. Your identity verification will be completed shortly after these steps.

How to Deposit TL on Binance TR?

You can deposit Turkish Lira (TL) into your Binance TR account through various banks. Deposits up to 50,000 TL can be made 24/7 via FAST from any bank. Deposits over 50,000 TL are processed during EFT hours.

To deposit money, go to trbinance.com, hover over “Wallet,” and click “Deposit.” Select your preferred bank and use the provided account name and IBAN to transfer funds via wire transfer, EFT, or FAST. The deposited funds will appear in your Binance TR account wallet once the bank completes the transfer.

How to Buy LEVER Coin with TL on Binance TR?

After depositing TL, click on the “Buy-Sell” option in the top left menu of the Binance TR website. Type “LEVER” in the search box, select the LEVER/TRY option, and go to the LEVER purchase page. Enter the price and amount of LEVER you want to buy, and click the “Buy LEVER” button to complete your purchase.

What is Binance TR?

Binance, the world’s largest cryptocurrency exchange by trading volume, launched Binance TR in 2020 for cryptocurrency investors in Turkey. Headquartered in Istanbul, Binance TR can be accessed at trbinance.com.

Binance TR uses Binance’s technology, security measures, and liquidity through the Binance Cloud infrastructure to offer fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can easily deposit and withdraw Turkish lira (TRY) through bank channels and trade various cryptocurrencies with TRY trading pairs.

Supported by Binance’s core functions, Binance TR provides market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls.

In conclusion, LeverFi offers innovative solutions for asset management and trading within the DeFi space. By following the steps outlined above, Turkish investors can easily buy LeverFi (LEVER) on Binance TR, a reliable platform for cryptocurrency trading.