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Interested about your 3x long shitcoin index. Let’s say I’m buying 10k usd of it and altcoins goes 100x up. What is the guarantee that I will earn around 300x with this token? The value of token is only based on market orders or you have some protection that will go up similar
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You can create/redeem in--so you don't have to rely on market orders. However note that it will have to reduce its exposure of prices go down to avoid liquidation--so it'll go up more than 300x if prices go straight up 100x but less if prices go down first and then up.