FTX Leveraged tokens are ERC20 & BEP2 tokens that have leveraged exposure to crypto. Using ETHBULL, a 3x long ETH token as an example, for every 1% ETH goes up in a day, ETHBULL goes up 3%; for every 1% ETH goes down, ETHBULL goes down 3%.
Users can buy leveraged tokens just like normal tokens on a spot market. However, there is no need for them to manage collateral, margin, liquidation prices, or anything that a normal margin user needs to manage.
To learn more about how the FTX leveraged tokens work, please read a detailed guide and walkthrough here:
(https://help.ftx.com/hc/en-us/articles/360032509552-Leveraged-Token-Walkthrough)
| Name | 3X Short Bitcoin Token |
|---|---|
| Symbol | BEAR |
| Category | token |
| Project website | https://ftx.com/tokens/BEAR |
| Withdrawal fee | 24.8 BEAR |
| Deposit enabled | No |
| Withdrawal enabled | No |
| Symbol | Min amount | Max amount | Min cost | Max cost | State |
|---|---|---|---|---|---|
| BEAR / EUR | 0.06 BEAR | 12000 BEAR | 1 EUR | 200000 EUR | Delisted |
| BEAR / USDT | 0.06 BEAR | 12000 BEAR | 1 USDT | 200000 USDT | Delisted |
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