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 embrace a brand new deployment on Base with Synthetix V3, a spread of recent 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 provide leveraged publicity to an underlying asset whereas sustaining the leverage issue inside a focused vary. In distinction to traditional 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 property as simple as doable. Merchants can merely choose their asset of selection, 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 will be redeemed at any time for USDC or sUSD. To study 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, 7xETH 1, 2, 3, 4, 5, 7xSOL 1, 2, 3, 4, 5xPEPE 2, 5xLINK 2, 5xETH/BTC 2, 5, 10x DOGE 2, 5xRUNE 2, 5x OP 2, 5x SUI 2, 5x SEI 2, 5x
V3 Base Leveraged Tokens
Lengthy solely, with quick coming quickly:
BTC 3xETH 3xSOL 3xXRP 3xTRUMP 3xPEPE 3xWIF 3xDOGE 3xFART 3xBONK 3x
A five-week incentive marketing campaign to commemorate the launch of Synthetix Leveraged Tokens begins right this moment.
USDC and OP Rewards
A complete of 150,000 USDC and 75,000 OP can be distributed pro-rata over 5 weeks in line with charges paid whereas minting and redeeming Leveraged Tokens.
To take part, merely mint Synthetix Leveraged Tokens of any measurement through the promotional interval, Jan. twenty first 00:00 UTC – Feb. twenty fifth. You possibly can view your progress on the Leaderboard, and rewards earned every week can be claimable by way of the Rewards tab. These rewards will stay claimable for a interval of 28 days after the tip 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 relating to Leveraged Tokens, be part of the Synthetix Discord and comply with Synthetix on X and Telegram.
