Staked Level USD
SLVLUSD
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
SLVLUSD (Staked Level USD) is the yield-bearing receipt token of the Level protocol on Ethereum. The protocol is undergoing a managed sunset and official deprecation following an acquisition announcement in September 2025, with yields halted as of October 2025 and redemptions enabled with near-zero cooldowns. Active Development was excluded from quantitative scoring (-1.0) due to the project entering a managed shutdown. Across the remaining sections, metrics show an effectively defunct and illiquid asset: daily trading volumes are negligible (~$5), market capitalization has collapsed from an all-time high above $90M to roughly $50K, and community participation is near zero. Security analysis notes an earlier May 2023 logic-bug exploit against the parent protocol resulting in ~$1.1M in losses, alongside an absence of verified, contract-specific audits for the staking receipt token itself. Given the official deprecation and protocol wind-down, the token is not viable for investment.
Development Activity
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Community Support
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Tokenomics
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Market & Use Case
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Team & Governance
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Security & Audits
Security history and audit status
About Staked Level USD (SLVLUSD)
Staked Level USD (SLVLUSD) is an officially deprecated yield-accruing ERC-4626 staking receipt token on the Ethereum blockchain that entered a managed sunset following a September 25, 2025 acquisition announcement. Issued by the Level protocol (Level Money), SLVLUSD was designed to allow holders of the Level USD (lvlUSD) stablecoin to earn lending and restaking yields without taking on direct price exposure to volatile underlying assets.
As part of the wind-down process, the protocol conducted its final yield distribution on October 2, 2025, and unstaking cooldown periods were shortened to two seconds to facilitate public redemptions. The project's web frontend was scheduled to operate only until December 15, 2025, requiring any remaining holders to interact directly with the underlying smart contracts to redeem their assets. Following the deprecation, the token's market capitalization collapsed from peaks above $90 million to approximately $50,000, leaving the token with near-zero daily trading volume and minimal liquidity.
In terms of security history, the broader Level Finance ecosystem suffered a smart contract exploit on May 2, 2023. An attacker exploited a logic bug in the protocol's code to drain 214,000 LVL tokens, converting them into 3,345 BNB valued at approximately $1.1 million. Additionally, evaluation records show no verified, contract-specific audit reports or named auditors identified specifically for the SLVLUSD staking receipt contracts.