FAQ

How are leveraged tokens different to perpetual futures?

The primary differentiator to perpetual futures is that leveraged tokens maintain their leverage factor within a target range. They achieve this by reactively rebalancing the amount of borrowed funds.

Why would I use leveraged tokens?

One use case of leverage tokens is to minimize the necessity for margin management, i.e. monitoring the margin-to-notional ratio and adjusting the leverage to prevent liquidation.

Can leveraged tokens liquidate in extreme cases?

Yes, in theory, leveraged tokens can face liquidation if keepers cannot rebalance a position quickly enough in response to sudden, large price movements. In the case of a liquidation, the value of a leveraged token would become zero, and a new leveraged token contract would be deployed.

Why was my ROI lower than I expected it to be?

The Return on Investment (ROI) might be lower than expected due to factors such as volatility decay, rebalancing costs, or Synthetix fees, such as a high funding rate.

Can I trade leveraged tokens on secondaries instead of redeeming them?

Yes, leveraged tokens, being built on the ERC-20 token standard, are tradable on secondary marketplaces. However, this is dependent upon sufficient liquidity in the respective Decentralized Exchange (DEX).

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