XLMDOWN 价格 

XLMDOWN

Leveraged tokens give holders leveraged exposure to crypto markets without facing liquidation risks, funding rates, or actively having to manage the position. Leveraged tokens actively rebalance themselves periodically. For instance, the rebalancing of the XLMDOWN token is governed by Binance proprietary algorithms and aims to maximize the correlation between the token and the underlying margin-leveraged positions.

There are two types of leveraged tokens, BULL or UP tokens for bullish positions and BEAR or DOWN tokens for bearish positions. A token like XLMDOWN tracks the price of XLM and gains from price decreases. If the token gains from a price decrease, it reinvests this money and increases the leverage up to a maximum of 4. Say XLM goes down one day and goes down the next day as well. The XLMDOWN token would outperform a regular leveraged position because of reinvested profits. On the flip side, if XLM goes down one day but rallies the next, the token would underperform because of increased exposure.

Check out Stellar (XLM) — the token of Stellar, the crypto asset XLMDOWN is based on.

Check out Binance Coin (BNB) — the native token of the Binance Smart Chain ecosystem.

Learn how leverage works in our guide to leverage in DeFi.

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