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Yo

pls explain the tokenomics for $ethbull - how did it hit $150?

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ETHBULL started the day at around 500. ETH is down 30%, so 3x would be down 90%--worth about $50. BUT--ETHBULL did an intra-day rebalance to reduce its risk, and so lost significantly less. Currently see ETHBULL down about 77% and ETHBEAR up about 90% since midnight UTC.

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If I go and buy 1 ETHBULL right now is there a ELI5 of what I get for that? A share of an index fund of X ETH bought at Y?

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Basically, but it also rebalances to keep returning to 3x. Details here:

Leveraged Token Walkthrough [READ THIS]

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...

2:58 PM · Mar 12, 2020Twitter Web App

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so basically no! you have bought something that doesn't exist.