Key Takeaways:

‍

• Innovative Platform: Levr.bet combines decentralized finance (DeFi) principles with sports betting, offering users leveraged betting options up to 5x.
• Transparent and Decentralized: Built on blockchain technology, Levr.bet ensures transparent operations and gives users full control over their bets.
• Real-Time Odds and Liquid Markets: The platform features an oracle-driven liquidation engine that syncs with game events to provide real-time odds updates, supporting high-frequency betting.

‍

In the evolving landscape of online sports betting, Levr.bet is emerging as platform that seamlessly integrates DeFi mechanisms with traditional sports wagering. By offering leveraged betting options and ensuring transparent, onchain operations, Levr.bet is set to redefine the sports betting experience for users worldwide. To help you get started we've put together a comprehensive guide to Levr.bet including key features, recent developments, and more.

‍

Ready? Let's go.

‍

What is Levr.bet?

‍

Levr.bet is the world's first decentralized leveraged sports betting exchange. It allows users to place bets with multipliers of up to 5x, enhancing potential returns while maintaining transparency and fairness through blockchain technology. The platform operates without intermediaries, giving users complete control over their betting activities.

‍

‍

Key Features and Benefits

‍

1. Leveraged Betting Up to 5x

Levr.bet enables users to amplify their bets with leverage, allowing for higher potential returns without requiring a proportional increase in stake. This feature caters to both seasoned bettors and newcomers looking to maximize their betting strategies.

‍

2. Decentralized and Transparent Operations

By leveraging blockchain technology, Levr.bet ensures that all betting activities are transparent and tamper-proof. Users can verify transactions onchain, fostering trust and integrity within the platform.

‍

3. Real-Time Odds with Oracle Integration

The platform utilizes an oracle-driven liquidation engine that synchronizes with live game events. This integration provides users with real-time odds updates, facilitating informed and timely betting decisions.

‍

4. MVP Vault for Risk Management

Levr.bet introduces the MVP Vault, which acts as a counterparty to all bets. The vault is structured to avoid full risk exposure from any single game, enhancing the platform's stability and reliability.

‍

5. Hybrid Fee Structure

The platform implements a hybrid fee structure that significantly reduces vigorish (VIG), granting bettors a more favorable edge compared to traditional sportsbooks.

‍

‍

Levr.bet Funding

‍

Founded in New Orleans in 2023, Levr has raised $2M in seed funding from investors including: Acacia Digital Holdings, Ava Labs, Avalaunch App, Big Brain Holdings, and Chorus Ventures and more.

‍

Recent Developments

‍

Launch on Avalanche

In January 2025, Levr.bet announced its launch on the Avalanche blockchain. This strategic move leverages Avalanche's high-speed and scalable infrastructure, enhancing the platform's performance and user experience.

‍

Levr.bet Launches on Monad Testnet

Levr.bet officially went live on the Monad testnet as of February 2025, bringing its leveraged, onchain sports betting experience to one of the fastest execution environments in crypto.

‍

This launch marks a key milestone in scaling Levr’s high-frequency, oracle-powered liquidation engine—setting the stage for real-time odds, deep liquidity, and an entirely new layer of DeFi-native betting mechanics. Early users can now explore the platform, test its core features using Monad, and earn Pre-Season Points (PSP) ahead of mainnet deployment.

‍

Beta Testing and Pre-Season Points (PSP)

Levr.bet has initiated beta testing phases, allowing users to engage with the platform's features ahead of the official launch. Participants can earn Pre-Season Points (PSP) by interacting with the testnet, which may offer future benefits within the Levr.bet ecosystem.

‍

How to Get Started with Levr.bet

‍

1. Launch the App: Visit the Levr.bet website and click "Launch App" to get started.
2. Connect your Backpack Wallet
3. Stay Updated: Follow Levr.bet's official X account for the latest news, updates, and announcements.
4. Engage with the Community: Join Levr.bet's community channels to connect with other users, share insights, and stay informed about upcoming features and events.

‍

‍

Future Prospects

‍

Levr.bet is poised to revolutionize the sports betting industry by integrating DeFi principles with traditional wagering. With plans to expand to additional blockchain networks and continuously enhance platform features, Levr.bet aims to provide a seamless, transparent, and innovative betting experience for users globally.

‍

Learn more about Backpack

‍

Exchange | Wallet | Twitter | Discord

‍

‍Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Backpack. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Backpack is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice.