generated: '2026-07-19'
method: searched
source: https://level-money.gitbook.io/level-documentation/update-for-the-level-community
status: sunset
summary: Level announced in September 2025 that the team is joining the Sky (fka MakerDAO) ecosystem as
  part of Grove, and that the Level protocol — lvlUSD and slvlUSD — is being sunset. The contracts remain
  on Ethereum mainnet and redemption remains possible directly against them after the front end retires.
versioning:
  scheme: contract-release
  current: v2
  note: Protocol versions are contract deployments (v1, v1.1, v2), not an HTTP API version. Each release
    is separately audited; superseded deployments are listed as "Deprecated Contract Addresses" in the
    docs.
  docs: https://level-money.gitbook.io/level-documentation/technical-documentation/contract-details
deprecation:
  policy_url: https://level-money.gitbook.io/level-documentation/update-for-the-level-community
  sunset_header: false
  announced: '2025-09'
  deprecated_contracts_published: true
  deprecated_contracts_url: https://level-money.gitbook.io/level-documentation/technical-documentation/contract-details
milestones:
- date: '2025-10-02'
  event: Final yield distribution. After this date staked assets accrue no yield.
- date: '2025-10'
  event: On-chain monitoring (Hexagate) turned off as part of the shutdown process.
- date: '2025-12-15'
  event: Front end (app.level.money) retired. Users continue to unstake and redeem by calling the smart
    contracts directly.
shutdown_changes:
- Mints paused — no further lvlUSD can be minted.
- Redemptions made public; previously permissioned.
- Redemption rate fixed 1:1 to underlying collateral, replacing Chainlink oracle conversion.
- Redemption and unstake cooldown periods reduced to 2 seconds.
- Per-block redemption limit raised to 1,000,000 lvlUSD.
integrator_guidance:
  recommended_path: Call LevelMinting to redeem rather than selling through liquidity pools.
  contract: '0x9136aB0294986267b71BeED86A75eeb3336d09E1'
  steps:
  - initiateRedeem(asset, lvlUsdAmount, minAssetAmount)
  - completeRedeem(asset, beneficiary)
  docs: https://level-money.gitbook.io/level-documentation/user-guides/interacting-with-level-contracts
sla: null
status_page: null
deprecated_operations: []