Binance DEX may launch FTX leverage tokens, the first of which will support BTC, ETH, XRP and EOS

The Binance Chain Explorer currently lists eight "BEAR" and "BULL" leverage tokens offered on FTX, an encrypted derivatives platform, on its website. The eight leveraged tokens are tied to four cryptocurrencies -- BTC, ETH, XRP and EOS.

FTX 的 「 熊证（BEAR）」和「牛证（BULL）」 杠杆代币允许交易员以三倍杠杆为上限来进行做空或做多。比如，一个交易者选择做多 ETH，那么就可以选择购买 ETH BULL，则 ETH 价格上涨 1% 时，ETHBULL 会上涨 3%，如果 ETH 下跌 1%，ETHBULL 价格就会下跌 3%。具体来说，ETHBULL 比较类似于一个新的通证资产，但是与其绑定的加密货币价格产生直接联系，不过需要注意的是，杠杆代币有一个调仓机制，会自动根据用户的盈亏或是特定时间段，进行加减仓操作。（Note: the essence of leverage token is the ERC20 token with leverage function. Unlike traditional leveraged trading, users do not need to pay any margin when trading leveraged tokens, and can achieve the purpose of trading leverage only through simple trading.

Sam bankman-fried, founder and chief executive of FTX, said earlier that some of the leveraged tokens would be "available in both BEP2 [the money chain ecosystem] and ERC20 [the ethereum ecosystem]" but "not yet on Binance DEX". When asked if Binance DEX would go online soon, bankman-fried said he wasn't sure.

More than 25 leveraged tokens are available on FTX's website, although the Binance Chain Explorer currently displays only eight. The current supply of these leveraged tokens on the Binance Chain Explorer is shown as 1, meaning that Binance DEX may soon allow users to trade FTX leveraged tokens.

Original address:https://www.theblockcrypto.com/post/53218/

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