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I wrote a new article on leveraged tokens! I think it does a better job of explaining what they do than the other ones:

help.ftx.com

Disclaimers None of this is investment advice. Much of the below analysis ignores any difference between futures and spot prices, and ignores the effects of fees. It also ignores slippage incurre...

10:10 AM · Aug 23, 2019Twitter Web App

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colinwong.eth.tori

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Good job!

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This is a simple article to let more people know about it. FTX is a creative platform and you are a genius👍

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Only thing i dont get is that some of ur leveraged tokens are priced much higher than the 3x the price.

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They have 3x movement but the actual price is arbitrary--1 ETHBULL represents 3x ETH but not 3 ETH.

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Any thoughts on recent market?

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I like how all hedging happens on public markets so everyone can track fair pricing. Though why market order? If BULL needs to sell, BEAR needs to buy - they could just match internally (at least partially).

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If this is operationally hard just have the smallest side do a passive order first?

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Thanks for the article !

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Forgive me for being such newb but I'm not seeing how you make money. In your example you mention buying $10,000 worth and then redeeming and getting $10,000 back. What am I missing?

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Heh I was just describing the mechanics of doing so--not actually making money. You'd make money if you create $10k worth of ETHBULL, then ETH goes up 10%, then you'd redeem your ETHBULL back for $13k

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