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We've had a busy week! 1) Launched Quant Zone: ftx.com/quant-zone 2) Added USDT markets 3) HALF tokens: ftx.com/trade/HALF/USDT 4) Quant Zone competition: help.ftx.com/hc/en-us/artic 5) New order entry form 6) Easy subaccount switching And a bunch of tweaks under the hood.

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and

What purpose do HALF tokens serve

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and

After reading the updated intro about leverage token I think half token is good in way that it doesn't rebalance So the March crash like event won't impact half token like it did to bull tokens So a small leverage with safer ratio

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and

But it's no leverage. Why not just own the underlying in 50% ratio Maybe I am missing something

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Well It's use in combination with other products IMO Not solo So like hedging tokens etc.

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Maybe. Still doesn't make sense.

SBF

@SBF_FTX

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@sks01119

The rebalances: it has the opposite patter of BULL/BEAR; when markets go up it sells and when markets go down it buys, so it does well in mean reversion and poorly in momentum.

11:51 AM · Apr 13, 2020Twitter Web App

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and

Ok. I thought that could be the reason. So it addresses the potential 'flaw' of leveraged token. But then a 50% cash allocation is a drag to performance in some ways. I get that cash needs to be high given high vol.