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New Listings: Amun's Leveraged Tokens
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We’re excited to announce that Liquid will be listing Amun’s first leveraged tokens — Bitcoin 3x Daily Long (BTC3L), 3x Daily Short (BTC3S), Ether 3x Daily Long (ETH3L), and Ether 3x Daily Short (ETH3S). Our leveraged tokens provide 3x and -3x notional exposure to the daily performance of Bitcoin and Ether.
To give an example, our BTC3L tokens maintain notional exposure to 3x of the daily returns of Bitcoin and our ETH3S tokens maintain notional exposure to -3x of the daily returns of Ether. This means that if Bitcoin were to rise by 3% on a single day then BTC3L would aim to rise by 9% on the same day.
Our leveraged tokens make it extremely easy for traders and token holders to get leveraged exposure to Bitcoin and Ether without having to worry about margin calls, PnL calculations, or any of the other complexities normally involved in leveraged trading.
If you’re interested in learning more about Amun and getting involved in our community, check out the links below.
Website — https://www.amun.com
Token Platform — https://tokens.amun.com
Twitter — https://www.twitter.com/AmunTokens
LinkedIn — https://www.linkedin.com/company/amuntokens/
Telegram — http://t.me/AmunTokens
Amun is a leading crypto technology company which aims to make purchasing digital asset tokens accessible, safe, and efficient. Amun has launched five inverse and leveraged tokens to-date — BTCSHORT, BTC3L, BTC3S, ETH3L, and ET3S. Its sister company, 21Shares AG, is the Swiss-based issuer of fully-collateralized, passive investment ETPs (trackers) of crypto assets. Amun has built a proprietary token platform technology to allow users to issue their own traded inverse tokens in exchange for stablecoins. All smart contracts are open-source for the benefit of the community. The Amun team consists of an experienced mix of engineers, product managers, and marketers with the sole mission to bring innovative and useful instruments to the crypto market.
The trading pairs Liquid supports for AMUN include: BTC3L/USDT, ETH3S/USDT, ETH3L/USDT, BTC3S/USDT.