Jose Maria Macedo sits down with Jonathan Caras, Head of Communications at Levana, a protocol on the Terra blockchain that allows any asset to be leveraged. The two discuss decentralizing perpetual swaps, leveraged tokens versus margin trading, the Levana Lore and much more!

We would like to thank our sponsors for making this podcast possible.

Kava: Kava connects the world's largest cryptocurrencies on DeFi’s most trusted platform. Mint stablecoins, lend, borrow, earn and swap safely across the top crypto assets with a simple user experience and the confidence of institutional-grade security. To learn more visit

Celo: Celo is a mobile-first platform that makes financial dApps and crypto payments accessible to anyone with a mobile phone. Celo supports over 1000 projects who are everyday building applications and issuing digital currencies from 100+ countries around the world. Learn more at 

Every Delphi Podcast is dropped first as a video interview for Delphi Digital Subscribers. Our members also have access to full interview transcripts. Join today to get our interviews, first.

Show Notes:

(00:00:00) – Introduction.

(00:02:35) – Jonathan’s background.

(00:09:46) – Why Jonathan took the leap to build Levana.

(00:13:16) – Why Jonathan chose to build on Terra. 

(00:20:24) – What is Levana?

(00:25:00) – The possibilities on Levana.   

(00:28:50) – How the leveraged tokens work. 

(00:33:59) – Liquidation risk of leveraged tokens.

(00:38:16) – Choosing leveraged tokens over margin trading infrastructure.

(00:44:14) – Differences between perps and leverage trading.

(00:50:30) – Approaching perp decentralization. 

(00:59:55) – Role of the Levana token.

(01:04:01) – The story behind Levana’s lore. 

(01:10:09) – Easter eggs in Levana’s lore / Levana NFTs. 

(01:14:51) – How NFTs will be incorporated on Levana. 

(01:21:00) – Closing thoughts on Levana.



Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Digital may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token. Delphi’s transparency page can be viewed here.

 Music Attribution:

Share | Download(Loading)