Leveraged frxETH XFRXETH
XFRXETH
0.9672
$
3.63 %
Change 24h
Market Cap
$ 0
Total Supply
6,147,603
XFRXETH
$
# | Exchange | Pair | Price | Volume 24h |
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Description
The xfrxETH token, also called leveraged frxETH, is a decentralized, composable leveraged long frxETH futures contract with a low risk of liquidations and 0 funding fee (and in extreme cases, xETH minters can earn fees).
It’s a token to amplify your gains on a long-term bet on ETH price growth.
As the price of the reserve token varies, so too does the amount of base token a user may redeem for each of the stable and volatile tokens. The stable token is held fixed at a USD value of $1, so as the price of stETH in the reserve rises, the volatile token price rises at a multiple rate of stETH. Based on the performance of xETH, this multiple generally varies between 1.5x — 4x though though it can rise as high as 4.3X before the protocol responds to limit it.