After a second profitable acquisition, Synthetix has fast-tracked and launched its latest derivatives product, Synthetix Leveraged Tokens, designed to simplify entry to leverage in crypto markets. Highlights embody a brand new deployment on Base with Synthetix V3, a spread of latest leveraged tokens, and an incentive marketing campaign to have a good time the launch.
What are Leveraged Tokens?
Leveraged tokens are ERC-20 tokens that supply leveraged publicity to an underlying asset whereas sustaining the leverage issue inside a focused vary. In distinction to standard perpetual futures, leveraged tokens are transferable, auto-rebalancing, non-liquidating, and require no margin administration by the holder.
Leveraged tokens make leveraged lengthy or quick publicity to crypto belongings as simple as attainable. Merchants can merely choose their asset of alternative, whether or not to go lengthy or quick, their desired leverage issue, and mint the token. Leveraged tokens will both acquire or lose worth relying on the underlying asset motion from the time of minting and may be redeemed at any time for USDC or sUSD. To be taught extra about Synthetix Leveraged Tokens, see our docs or our latest explainer article.
Product Lineup
V2 OP Leveraged Tokens
Lengthy and quick:
- BTC 1, 2, 3, 4, 5, 7x
- ETH 1, 2, 3, 4, 5, 7x
- SOL 1, 2, 3, 4, 5x
- PEPE 2, 5x
- LINK 2, 5x
- ETH/BTC 2, 5, 10x
- DOGE 2, 5x
- RUNE 2, 5x
- OP 2, 5x
- SUI 2, 5x
- SEI 2, 5x
V3 Base Leveraged Tokens
Lengthy solely, with quick coming quickly:
- BTC 3x
- ETH 3x
- SOL 3x
- XRP 3x
- TRUMP 3x
- PEPE 3x
- WIF 3x
- DOGE 3x
- FART 3x
- BONK 3x
A five-week incentive marketing campaign to commemorate the launch of Synthetix Leveraged Tokens begins in the present day.
USDC and OP Rewards
A complete of 150,000 USDC and 75,000 OP can be distributed pro-rata over 5 weeks in accordance with charges paid whereas minting and redeeming Leveraged Tokens.
To take part, merely mint Synthetix Leveraged Tokens of any dimension throughout the promotional interval, Jan. twenty first 00:00 UTC – Feb. twenty fifth. On the finish of every week, rewards earned can be claimable through the Rewards tab. These rewards will stay claimable for a interval of 28 days after the top of the Rally.
For full particulars, see: https://weblog.synthetix.io/synthetix-leveraged-token-rally/
Go to https://leverage.synthetix.io/ to get began with Synthetix Leveraged Tokens and earn your share of the rewards.
For all updates concerning Leveraged Tokens, be part of the Synthetix Discord and comply with Synthetix on X and Telegram.
