3X Long DeFi Index price is $0.00319818
The price of 3X Long DeFi Index (DEFIBULL) has increased by +0.00% in the last 24 hours, with the current price being $ 0.00319818.
3X Long DeFi Index (DEFIBULL) is a financial instrument that allows traders to leverage their exposure to the DeFi sector. It is structured to increase in value three times as much as the underlying DeFi index on a daily basis, before fees and expenses.
The 3X Long DeFi Index (DEFIBULL) works by providing leveraged exposure to a basket of DeFi cryptocurrencies. This means that if the value of the underlying DeFi assets increases by 1%, the DEFIBULL token is designed to increase by approximately 3%, minus any fees and compounding effects.
Leverage in DeFi indexes refers to the ability to gain greater exposure to price movements of DeFi cryptocurrencies than the amount of capital invested. With DEFIBULL, this leverage is set at 3X, or threefold the daily return of the DeFi index it tracks.
DEFIBULL differs from regular DeFi tokens by offering leveraged exposure to the DeFi market. It is not a token that represents a stake in a project or provides governance rights but a financial product designed for short-term trading with high risk and high potential returns due to leverage.
Trading 3X Long DeFi Index (DEFIBULL) is typically considered by experienced traders who understand the risks associated with leveraged financial instruments and have a strong grasp of the DeFi market movements.
The underlying DeFi index for DEFIBULL is selected based on a composition of various DeFi cryptocurrencies. The specifics of index selection are determined by the creators of DEFIBULL and can be found on their official website or documentation.
Yes, the value of 3X Long DeFi Index (DEFIBULL) can go down. If the underlying DeFi index experiences a decrease in value, DEFIBULL will decrease three times as much on a daily basis, before fees and expenses.
3X Long DeFi Index (DEFIBULL) can be traded on various , depending on availability. Always ensure to use reputable platforms and check current listings.
Trading leveraged tokens like DEFIBULL carries high risks, including substantial volatility, the possibility of significant losses, and the potential impacts of compounded costs and fees over time. These risks should be well-understood before engaging in trades.
Please note that all information provided here is for general knowledge and should not be taken as financial advice. Always do your own research before trading or investing in any financial products.
Ethereum
JokInTheBox
Puppy
Smart AI
Predict Crypto
Kakaxa
Nerds
Juice
Ura
Live Prices, Widgets, Alerts, Portfolio, Apple Watch app
