3X Short DeFi Index Token Price
(DEFIBEAR)
Note: This cryptocurrency has not yet been officially listed on KuCoin TH.
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3X Short DeFi Index Token (DEFIBEAR) Live Price Chart
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DEFIBEAR(DEFIBEAR) Profile
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- ATH
- $0.0003175
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About DEFIBEAR
How can I buy 3X Short DeFi Index Token (DEFIBEAR)?
Buying DEFIBEAR on KuCoin TH is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy 3X Short DeFi Index Token (DEFIBEAR) for more information. Coin description
3X Short DeFi Index Token (DEFIBEAR) is a FTX issued ERC20 index leveraged token which seeks a return that corresponds to 3 times the daily return of shorting on DeFi Index.
What Are Leveraged Tokens?
Leveraged tokens are innovative ERC20 assets that can give you leveraged exposure to cryptocurrency markets, without all the nuts and bolts of managing a leveraged position.
For example, take ETHBULL, a 3x long ETH token. For every 1% ETH goes up in a day, ETHBULL goes up 3%; for every 1% ETH goes down, ETHBULL goes down 3%.
There are currently four leveraged tokens for every future on FTX: BULL (+3x), BEAR (-3x), HEDGE (-1x), and HALF. Generally, if ETH goes up 1% during a day, then ETHBULL goes up 3%, ETHBEAR goes down 3% ETHHEDGE goes down 1%, and ETHHALF goes up 0.50%. If ETH goes down 1% during a day, then ETHBULL goes down 3%, ETHBEAR goes up 3%, ETHHEDGE goes up 1%, and ETHHALF goes down 0.50%.
Some futures may have leveraged tokens with other margin ratios.
FAQ
What is the all-time high price of 3X Short DeFi Index Token (DEFIBEAR)?
The all-time high price of 3X Short DeFi Index Token (DEFIBEAR) is 0. The current price of DEFIBEAR is down -- from its all-time high.
How do I store 3X Short DeFi Index Token (DEFIBEAR)?
You can store your 3X Short DeFi Index Token in the custodial wallet of a cryptocurrency exchange without having to worry about managing your private keys. Other ways to store your DEFIBEAR include using a self-custody wallet (on a web browser, mobile device, or desktop), a hardware wallet, a third-party crypto custody service, or a paper wallet.