Please Can you explain me about ethbull, ethdown

Hello senior trader,

I am not clear about some coin such as ethbull, ethdown, ethbear and some token 3x short.

What is the meaning of this coin?
Please can you explain me?

Thanking you
Anamul Islam

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They’re called Leveraged tokens; innovative ERC20 assets that can give you leveraged exposure to cryptocurrency markets, without all the nuts and bolts of managing a leveraged position. You can find the list of leveraged tokens here.

For example, take ETHBULL, a 3x long ETH token. For every 1% ETH goes up in a day, ETHBULL goes up 3%; for every 1% ETH goes down, ETHBULL goes down 3%.

Read more here https://help.ftx.com/hc/en-us/articles/360032509552-Leveraged-Token-Walkthrough-READ-THIS-

OR this :point_down:t5:
https://academy.binance.com/economics/a-beginners-guide-to-leveraged-tokens?_gl=1s20smj_ga*QVhzSWRONjJBNkU0VWxFRTR2bFhGNUt3cDNQa1dVM18ySW11YVJNcDd3NXRBT1JsQjd0Szg4eUR3QlZnUm1INg…

8 Likes

Something its look like an etf leverage.

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