TLX Documentation
  • Welcome to TLX
  • Basics
    • Leveraged Tokens
    • How Leveraged Tokens Work
      • Synthetix Perps Engine
      • Rebalancing
      • Keepers
      • ERC-20 compliance
      • Effects of rebalancing
    • Fees
    • Tokenomics
      • Understanding $TLX
      • Bonding for $TLX
    • Protocol-owned Liquidity
    • Guides
      • Minting
      • Redeeming
      • Sequential redeeming
  • Community
    • Governance
      • TIPs
    • Referral Program
  • More
    • Official Links
    • Deployed Contracts
    • Brand Assets
    • Risks & Security
    • FAQ
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  1. Basics

How Leveraged Tokens Work

The mechanics behind constant leverage

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Last updated 11 months ago

The following sections outline the fundamental mechanisms that underpin the defining characteristics of TLX leveraged tokens:

Leveraged asset exposure & deep liquidity

Constant leverage range

Composability

Synthetix Perps Engine
Rebalancing
Keepers
ERC-20 compliance