Levana's in-kind perps give traders the best of both worlds: you can hold your favorite assets like $BTC, $ETH, $INJ, $OSMO, $NTRN and more - and use them directly as collateral to open leveraged positions on perp markets. This means you don’t have to convert your crypto into stablecoins just to trade perps; you can keep exposure to the tokens you believe in while still accessing advanced trading strategies like going long or short, using leverage, and managing risk across multiple assets. With Levana’s fully-collateralized, in-kind model, your positions are always backed by the actual tokens you deposit, ensuring security and eliminating the risk of insolvency or bad debt that can affect other platforms. This approach is more capital-efficient and flexible, letting you trade perps while staying invested in your favorite coins - so you never have to choose between holding and trading