ETH 2x Flexible Leverage Index

ETH2x FLI

ETH 2x is a tokenized position that uses leverage to generate 2x daily returns on ETH

Risk Rating
Good
$25.23
-3.67%
Summary
Information
Blockchain
  • Ethereum
Key Metrics
  • Market Cap: $30.2M
  • Fully Diluted Valluation: $30.2M
  • FDV / MC: 1
  • Ranking inside Exponential (excluding stables): #81
  • Circulating Supply: 1,195,978
  • Total Supply: 1,195,978
  • Volume (24H): $41.7K
  • ATH: $751.65 (03/16/2021)
  • ATL: $4.45 (06/18/2022)
Risk Assessment
Good
Asset Strength

ETH2X is a low-cap asset with questionable collateral reserves. This asset is exposed to the underlying risks of Index Coop and Compound, which are protocols both rated as Average.

Asset Tokenomics

ETH2X has an uncapped supply but has inflation control or burn mechanisms in place. ETH2X FLI automatically rebalances its internal composition to achieve 2X daily returns of ETH. The token is always redeemable for its components from the Index Coop protocol. ETH2X magnifies the expected returns on both the upside and downside as the gains and losses are rebalanced daily towards the target leverage ratio. This leads to a degree of volatility drift over time, which means the leveraged asset can deviate from the expected multiple returns of the underlying asset.

Asset Volatility

ETH2X FLI is moderately correlated to the overall market. ETH2X magnifies the expected returns on both the upside and downside as the gains and losses are rebalanced daily towards the target leverage ratio. This leads to a degree of volatility drift over time, which means the leveraged asset can deviate from the expected multiple returns of the underlying asset.

Dependencies

Compound


Index Coop

Things to know about ETH2x FLI
ETH2x FLI Pools
Uniswap ETH Market Making
9.1%
Yield
$2M
TVL
Risk
C
Protocol
Uniswap V3
Chain
Ethereum