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Level
Level issued lvlUSD, a stablecoin backed by USDC and USDT in DeFi lending protocols, before announcing team transition to another protocol.
Level
Level is an SEC-registered investment adviser in Dallas, TX, registered since 2006. The firm manages $6.5 billion in assets, $5.9 billion on a discretionary basis. It has 136 employees and 119 investment advisers.
General information
Firm type
Asset Manager
Year founded
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AUM
Undisclosed
Location
Region
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Country
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City
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Corporate office
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Sector focus
Frequently asked questions
What was lvlUSD and how did Level deploy its reserves?
lvlUSD was a stablecoin issued by Level, backed by reserves of USDC and USDT. The protocol deployed those reserves into DeFi lending protocols to generate yield for token holders. The specific lending platforms used were not publicly disclosed.
Why is Level sunsetting its product?
Level's website states the team is joining a leading DeFi protocol and will sunset the Level product. No further details on the transaction, the acquiring protocol, or the rationale were provided. The announcement suggests the team will continue DeFi work under a different structure.
Was lvlUSD available to US investors?
No. Level's website explicitly stated that the product was not available for US persons, consistent with many DeFi protocols that restrict access to US-based users due to regulatory uncertainty.
Who founded or led the Level protocol?
No founding team, CEO, CIO, or other named principals were disclosed on Level's website or in available public materials. The project operated without publicly attributed leadership.
What is Level's relationship to traditional asset management?
Level functioned as a DeFi-native yield product rather than a conventional asset manager. It issued a tokenized stablecoin that automated capital deployment into lending strategies, bypassing standard fund structures and investor onboarding processes.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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