Stablecoin Protocol Level: The team will be acquired by a leading DeFi protocol, and as a transitional protocol, it will be deactivated.

Techub News: The stablecoin protocol Level announced via Twitter that its team will be acquired by a leading DeFi protocol to accelerate the future development of on-chain finance. As part of this transition, the official Level protocol will be discontinued, including lvlUSD and slvlUSD. All users will be able to redeem their slvlUSD and exchange lvlUSD, with all cooldown periods reduced to 2 seconds. The final batch of rewards will be distributed on October 2 this year, after which no further rewards will be generated regardless of whether assets remain staked. The front-end interface will remain operational until December 15 this year, after which users can still directly unstake and redeem via smart contracts.