FTX Leveraged tokens are ERC20 & BEP2 tokens that have leveraged exposure to crypto. Using ETHBULL, a 3x long ETH token as an example, for every 1% ETH goes up in a day, ETHBULL goes up 3%; for every 1% ETH goes down, ETHBULL goes down 3%.
See Also
Ethereum Short Selling Guide - How to Short ETH on Binance | Coin GuruA Beginner’s Guide: How to Get Crypto Data from Cryptowatch Using PythonAave Ethereum price today, aETH to USD live price, marketcap and chart | CoinMarketCapAETH | Bitwise Ethereum Strategy ETFUsers can buy leveraged tokens just like normal tokens on a spot market. However, there is no need for them to manage collateral, margin, liquidation prices, or anything that a normal margin user needs to manage.
To learn more about how the FTX leveraged tokens work, please read a detailed guide and walkthrough here:
(https://help.ftx.com/hc/en-us/articles/360032509552-Leveraged-Token-Walkthrough)
