LeverUp's AnyCollateral program is live. Any supported Monad ecosystem token can now be used as trading margin on LeverUp — without selling it, without any changes to the token's design, and without any engineering work from the project team.

Hold a Monad token. Open a BTC long. Don't sell a single coin to do it.

The Problem This Solves

DeFi capital is inefficient by default. Most tokens do one thing: appreciate (or depreciate) while sitting in a wallet. The holder takes on price risk without any mechanism to put that capital to work. The only way to use a token for something else is to sell it — which means exiting the position you wanted to keep.

On Monad, that inefficiency compounds as the ecosystem grows. More tokens, more projects, more holders — and most of that capital just sits there.

AnyCollateral opens a new layer: the token keeps doing its original job, and gains a new function at the same time.

How It Works

AnyCollateral is a program that lets any supported Monad ecosystem token be used as margin on LeverUp.

For holders: deposit your token as collateral, open a trading position, and maintain full exposure to the underlying asset. Your collateral keeps its role in your portfolio. PnL settles back into the same token — gains and losses denominate in what you deposited, not in a separate stablecoin.

For projects: your token gains new on-chain utility the moment it's added to the supported list. The mechanism requires nothing from the team.

The program is built on three structural principles.

Three Principles

1. Utility Without Changing the Token

Adding a token to AnyCollateral doesn't require redesigning tokenomics, introducing staking or voting, adding burn mechanics, issuing new emissions, or deploying any new contract.

The new utility comes entirely from LeverUp's side. Once a token is reviewed, configured, and added to the supported collateral list, holders can use it as margin immediately. No code changes from the project team. No change to supply dynamics. No disruption to the existing token narrative.

The token stays exactly what it is. LeverUp adds a new use case on top of it.

2. Demand Without Sell Pressure

When a holder uses a token as margin, they lock it — they don't sell it. PnL is denominated in that same token, so gains and losses settle directly into the position rather than creating any market activity.

The result is a new source of on-chain demand for the token that operates entirely independently of spot trading flows. Holders who want to use their tokens as margin need to acquire and hold them. That demand doesn't show up as team selling, project unlocks, or buyback-driven price support. It's organic utility demand.

3. Integration Without Engineering

LeverUp handles everything on the infrastructure side: oracle integration, settlement logic, collateral parameters, the liquidation engine, and the trading interface. Projects don't need to write a line of code or allocate any engineering resources.

The team can stay focused on its roadmap. The utility is live without touching their development cycle.

Monad's Role

AnyCollateral doesn't make sense as an abstract concept. It requires an ecosystem dense enough for the program to matter — enough tokens, enough holders, enough activity to create a meaningful layer of productive capital.

Monad is that ecosystem now.

Five months after mainnet launched in late 2025, the chain has crossed $400M in TVL, processed 140M+ transactions, and onboarded 1,000+ builders into ecosystem programs. Blue-chip DeFi protocols shipped in the first weeks. NYSE and Securitize landed as institutional partners. The infrastructure is in place, the capital is present, and the builder community is active.

What follows in every successful ecosystem is a layer that lets the ecosystem's own tokens do more. Not just the native gas token. Not just stablecoins. The full token set — every project token with a community behind it.

Perps are the natural primitive for that layer. They're the deepest, most capital-efficient form of financial expression in on-chain DeFi. AnyCollateral connects Monad's growing token ecosystem to that primitive.

The Ecosystem Loop

The logic closes inside Monad: more tokens supported by AnyCollateral → more trading activity on LeverUp → more protocol revenue generated → more value flowing back to $LV holders and into the ecosystem that produced the original tokens.

LeverUp isn't building a parallel financial system alongside Monad. The thesis is the opposite: Monad's tokens should be usable across Monad's most important financial primitive. One protocol, your assets — all of them.

What's Next

AnyCollateral is a program, not a one-time launch. As more Monad ecosystem tokens are reviewed and configured, the supported collateral list expands. Holders of those tokens gain access to LeverUp's full trading capabilities without needing to sell their positions to do it.

If your project is building on Monad and you're interested in having your token added to AnyCollateral, the documentation has the details: leverup.gitbook.io/docs/liquidity-layer/anycollateral

Start trading with your Monad tokens as collateral: app.leverup.xyz