Levva Review 2026: AI Smart Portfolios for DeFi Yield

Levva is a DeFi protocol that describes itself as universal yield and leverage infrastructure, connecting liquidity providers to borrowers. Its current pitch, Levva 2.0, centres on LevvAI and Smart Portfolios that invest deposits in strategies on protocols such as Pendle and Aave.

Tracker data lists the protocol on Ethereum, Arbitrum, Base, Blast and Linea, and shows it listed since late 2024. Total value locked is small, at around $12,700. One search result reports that Open Custody Protocol was rebranded to Levva in early 2025, bringing in infrastructure from that project and AI yield optimization from YieldWard.

The protocol has its own token, LVVA. The homepage says all users earn an extra 10% APY in LVVA, and the token can be staked. It is listed on several centralized exchanges, according to the site. Two features, wallet scanning and a guided onboarding flow, are marked as coming soon.

Levva takes deposits and places them into DeFi yield strategies. Instead of choosing pools and rebalancing by hand, a user picks a Smart Portfolio matched to a risk level. Levva says the portfolio then handles strategy, allocation and rebalancing.

Under the hood, Levva's earlier vaults followed the ERC-4626 standard, which issues share tokens that represent a claim on pooled assets. The homepage names Pendle and Aave as example destinations. An AI assistant, LevvAI, answers questions and helps build a strategy in plain language.

The project also describes itself as infrastructure that connects liquidity providers to borrowers. Returns therefore come from the underlying DeFi protocols, not from Levva itself. They vary with market conditions and can fall.

Levva's homepage does not publish management, performance, deposit or withdrawal fees. The 10% extra APY paid in LVVA is a reward, not a fee, but it adds token price exposure.

Users should also expect network gas costs on Ethereum or the layer-2 chain they use, plus any fees charged inside the underlying protocols. Check the docs and the app's confirmation screens for exact figures before depositing.

Levva says its infrastructure is audited, listing two Quantstamp reports and one Hashlock report. The homepage also uses the phrase institutional-grade security, but gives no further detail. Audits reduce code risk but do not guarantee safety, and they do not cover the third-party protocols Levva allocates into.

Users carry smart-contract risk, strategy risk and AI-execution risk, and the LVVA reward is exposed to price volatility. Its homepage does not name the team, a custody model or a regulatory status, and it does not mention any incidents. The very small TVL means little capital has tested the system. Treat any deposit as high risk and only commit what you can afford to lose.

Levva is aimed at people who want passive DeFi yield without managing positions, from beginners who prefer asking an AI assistant questions to more experienced users who choose the higher-risk Custom portfolio. It is less suited to anyone who needs a long track record, large liquidity or fully transparent fee terms.