ETH 2x Flexible Leverage Index
ETH 2x is a tokenized position that uses leverage to generate 2x daily returns on ETH
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- Asset Type: ERC-20
- Market Cap: $16.7M
- Fully Diluted Valluation: $16.7M
- FDV / MC: 1
- Ranking inside Exponential (excluding stables): #89
- Circulating Supply: 799,747
- Total Supply: 799,747
- Volume (24H): $100.7K
- ATH: $751.65 (03/16/2021)
- ATL: $4.45 (06/18/2022)
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.
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.
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.
