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 |