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BTC3S seeks to maintain notional exposure to -3x of Bitcoin’s daily returns through the use of perpetual swap contracts. This token is priced by aggregating order books from several top crypto derivatives exchanges. When depositing a stablecoin to this smart contract, it goes out and initiates positions in perpetual swap contracts on various exchanges at the best rate. Users can buy this token as a means to get -3x exposure to daily Bitcoin performance.
This token seeks to maintain its target of -3x to the return of Bitcoin on a daily basis. Due to compounding of daily returns, holding periods of greater than 1 day can result in returns that are significantly different.
Sorry, detailed technology about Amun Bitcoin 3x Daily Short is not currently available
Sorry, detailed features about Amun Bitcoin 3x Daily Short is not currently available