Rujira & Levana

Introducing RUJI Perps

Levana is excited to announce its partnership with the Rujira Alliance to build RUJI Perps, a new perpetuals (perps) trading platform alongside Kujira and THORChain.

RUJI Perps is a cornerstone of the Rujira Alliance, combining THORChain’s liquidity with the expertise of Kujira and Levana. The platform aims to offer trustless, Bitcoin-backed perpetual futures trading, enabling users to trade using Bitcoin as collateral.

The market for Bitcoin is substantially larger than the DeFi market, and RUJI Perps seeks to attract these users by providing a seamless experience rivaling centralized exchanges.

Staking and Rewards

All protocol fees from RUJI Perps will be distributed as staking rewards, enhancing the value proposition for RUJI and RUNE stakers. Based on current DeFi market volumes, if RUJI Perps captures just 1% of the perpetuals market (about $60 million in daily volume), it could generate approximately $5.7 million annually for RUJI and RUNE stakers.

The synergy between THORChain’s native cross-chain liquidity and RUJI Perps' unique design will drive the growth of liquidity and trading volume, benefiting the entire Rujira ecosystem.

LVN to RUJI Conversion Process

Levana’s LVN holders will have the option to swap their tokens for a share of the 5% of the RUJI supply allocated to Levana. All locked and vested LVN tokens will be unlocked in advance of the swap. This process will operate on a bonding curve over 12 months, with better conversion rates available early in the process.

Long-Term Merger Incentives

Users who keep their RUJI in the merger contract for up to 12-month will benefit from increased conversion rates over time. Users can withdraw their RUJI at any time, but once withdrawn, they cannot deposit back into the merger contract, leading to more rewards for the ones who stay. Early participants who stay deposited in the merger contract for the full 12-month period will receive the most RUJI relative to the LVN swapped.