Your token. Your margin. Your ecosystem.
Today, LeverUp launches AnyCollateral — a fundamental shift in how margin works on a perps exchange. Instead of forcing traders into USDC or MON, AnyCollateral lets any supported Monad ecosystem token become tradeable collateral, directly within the margin layer.
This isn't a wrapper. It isn't synthetic exposure. It's your token, locked as margin, earning you real leverage while staying fully inside the Monad ecosystem.
The Problem It Solves
Every time a trader enters a position with USDC, they're making a quiet decision: exit the ecosystem token to play in the perps market. That's capital leaving. That's community exiting. That's onchain liquidity fragmenting.
AnyCollateral flips the equation. If your project has a token with real liquidity, real users, and real onchain activity — it can now sit as margin on LeverUp, working for your community instead of against it.
How It Works
When you deposit a supported token as collateral, its oracle price determines your margin value in real time. PnL and funding fees are denominated in that token. Positions settle in the collateral token itself.
A few mechanics to understand:
Collateral Ratio (CR) Each supported token carries a collateral ratio reflecting its liquidity depth and volatility profile. A 70% CR means $0.70 of effective margin for every $1.00 deposited. Higher-liquidity tokens earn higher ratios — which is exactly the incentive builders should have for growing their liquidity.
Dual Liquidation Risk Your position faces two independent risk vectors: the perp market movement AND your collateral token's price. A sharp collateral drawdown can trigger liquidation even if your trade is profitable. This keeps the protocol solvent and honest.
Sub-1x Force Close If your collateral value grows past your position size — dropping your effective leverage below 1x — the protocol automatically closes the position and returns your collateral. Clean, predictable, no manual intervention.
Reserve Shortage Fallback In the rare case protocol reserves of your collateral token run short at settlement, payouts convert to LV tokens at TWAP price, preserving USD value equivalence. The protocol stays whole. You stay whole.
Why This Matters for Monad Builders
Monad is a high-throughput EVM chain built for onchain applications that actually scale. The ecosystem is growing fast — tokens, protocols, communities accumulating real traction.
AnyCollateral turns that traction into something tangible: margin utility.
Your token listed as AnyCollateral means:
- Traders can long or short any market without unwinding their token position
- Your community keeps economic exposure while accessing leverage
- Your token becomes infrastructure inside the LeverUp liquidity layer
- Capital stays productive, not idle
This is how a trading venue becomes ecosystem-native rather than ecosystem-adjacent.
Who Should Apply
We're not listing everything. AnyCollateral is curated — reviewed for liquidity, oracle availability, and risk profile before approval.
What we're looking for:
- Real assets — tokens with verifiable onchain liquidity and price discovery
- Real communities — active holders, not just circulating supply
- Real onchain traction — usage, transactions, protocol activity
If your project checks those boxes and you're building on Monad, the program is now open.
Apply → ac.leverup.xyz
The Bigger Picture
AnyCollateral is part of LeverUp's Liquidity Layer — an architecture designed to make the exchange composable with the ecosystem around it, not just a place to trade.
When ecosystem tokens become collateral, two things happen at once: traders get more flexibility, and projects get a new form of capital utility that didn't exist before. That feedback loop — deeper collateral → more trading activity → more ecosystem value → deeper collateral — is what a healthy trading layer looks like.
We're building that layer on Monad. If you're building on Monad too, let's talk.
AnyCollateral documentation: leverup.gitbook.io/docs/liquidity-layer/anycollateral
