Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can learn more about wallets and compare them with our comprehensive guide. Wait for the transaction to finalize and the ETH2X-FLI tokens will arrive in your wallet. Find ETH2X-FLI on a decentralized exchange and make sure Index Coop – ETH 2x Flexible Leverage Index can be traded for ETH which is the native asset of Ethereum.
You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet. The FLI uses a novel strategy built on Set Protocol and Compound that abstracts collateralized debt management into a simple index — constructed as an ERC-20 token. Initially available for ETH, FLIs can be created & launched for other assets on lending protocols, such as wBTC, YFI, and LINK. The Flexible Leverage Index was created to address those risks and to make the use of leverage safer and easier to maintain. Circulating supply shows the number of coins or tokens that have been issued so far.
In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. The top crypto exchanges that have ETH 2x Flexible Leverage Index available for trading, ranked by 24h trading volume and the current price. In partnership with DeFi Pulse, the Index Coop is launching the ETH2x-FLI-P token on Polygon that will give token holders 2x targeted exposure to ETH. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
- The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
- We making a forecast of future prices for huge amount of digital coins like Index Coop – ETH 2x Flexible Leverage Index with technical analysis methods.
- Binance – Buy over 350 tokens in seconds with fees as low as 0% 0% FEES Spot, futures, options, NFTs, savings, staking, and Binance Card.
- Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions.
When that happens, the collateral will be sold off to close the loan. The borrower will get his collateral returned but only after a hefty liquidation fee has been taken out. With ETH2x-FLI, a user can get roughly the same exposure with a single transaction, said Lemonade. The leveraged position What is ETH 2x Flexible Leverage Index is simply tokenized and traded like any other ERC-20 token running on top of the Ethereum blockchain. “There really isn’t anything like this in terms of getting DeFi leverage in a single token,” an Index Coop member who goes by the handle Lemonade Alpha told CoinDesk in a phone call.
ETH2X-FLI-P Price Statistics
INDEX token holders will decide what else to make and when.Index Coop previously created the DeFi Pulse Index , which uses the Set Protocol under the hood just as FLI does. DPI packages together the top governance tokens in DeFi into one token. Buying ETH2x-FLI on the open market won’t be the only way to get it. Users can mint it directly, but that’s probably going to be more appropriate for advanced users with deeper pockets. It works best when there’s a dislocation between the market price of the token and the price Index at which Coop will mint, Lemonade Alpha explained. It’s very expensive in DeFi for a loan to fall below its collateral requirement, which can happen quickly when a collateral asset is volatile .
It has a circulating supply of 1.6 Million ETH2X-FLI coins and a total supply of 1.6 Million. If you are looking to buy or sell Index Coop – ETH 2x Flexible Leverage Index, Uniswap is currently the most active exchange. This content is for informational purposes only and should not be construed as legal, tax, investment, financial, or other advice. Each purchaser of an Index Coop product should consult with his or her own legal adviser and tax adviser before purchasing such products.
FLI is the first fully-collateralized leverage token which is redeemable into its components . Collateralization allows for a better risk profile than relying on synthetic leverage. This is done by automatically maintaining target ratios to recenter over time. FLI is designed to absorb major volatility spikes, and flexibly rebalance to ensure that collateral levels stay above liquidation thresholds. The FLI also utilizes an emergency delevering mechanism to add additional safety for users in the event of a black swan event.
What is today`s Index Coop – Eth 2x Flexible Leverage Index (polygon) price?
Decentralized exchanges are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you’re unfamiliar.
If you would like to buy ETH 2x Flexible Leverage Index, which is currently not listed on Binance, you can follow the step-by-step guide below. It will show you how to buy ETH 2x Flexible Leverage Index by connecting your crypto wallet to a decentralized exchange using your Binance account to buy the base currency. The most trusted cryptocurrency exchange app in the world to buy BTC, ETH, TRX, SHIB, DOGE and 400+ tokens. Binance – Buy over 350 tokens in seconds with fees as low as 0% 0% FEES Spot, futures, options, NFTs, savings, staking, and Binance Card. Another benefit of FLI which decreases risk is redeemability.
// Mapping that stores all Default and External position information for a given component. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation.
This guide provides step-by-step instructions on how to buy Optimism, lists some exchanges where you can get it and provides daily price data on OP. This guide provides step-by-step instructions on how to buy Coinbase Wrapped Staked ETH, lists some exchanges where you can get it and provides daily price data on CBETH. This guide provides step-by-step instructions on how to buy EthereumPoW, https://cryptolisting.org/ lists some exchanges where you can get it and provides daily price data on ETHW. This guide provides step-by-step instructions on how to buy Aptos, lists some exchanges where you can get it and provides daily price data on APT. Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
FLI is a structured product in ERC20 format that enables traders to automate a target leveraged exposure in a completely decentralized manner. By being fully collateralized, the FLI will always be redeemable to the underlying assets unlike perpetuals or synthetics. The total dollar value of all transactions for this asset over the past 24 hours. Please also note that data relating to the above-mentioned cryptocurrency presented here are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under Binance’s control.
Like traditional leveraged ETF funds, eventually the ETH2x-FLI will be open where customers may buy off the secondary market , or directly mint and redeem the token itself. The ETH2x-FLI targets a leveraged 2x exposure to Ethereum. Using the FLI methodology means that you no longer need to worry about margin requirements and can save money on gas. Because it is an ERC-20, it is fully interoperable with the rest of the Ethereum ecosystem. The percent change in trading volume for this asset compared to 7 days ago.
Index Coop – ETH 2x Flexible Leverage Index ETH2x-FLI Price Prediction
“The FLI is a general index structure. It can be adapted for other tokens outside of ETH,” Lemonade Alpha explained. Though liquidations won’t be able to hit too many users at first. FLI is intended to put a limit on its assets under management initially to $5 million. When necessary, the algorithm will increase its collateral position, which will decrease the leverage. By leaving flexibility around the amount of leverage, FLI can manage risk.
Information is for educational and illustrative purposes only. The Index Cooperative is not engaged in the business of the offer, sale or trading of securities and does not provide legal, tax, or investment advice. Cryptocurrencies and other digital assets are speculative and involve a substantial degree of risk, including the risk of complete loss. The Index Cooperative works hard to provide accurate information on this website, but cannot guarantee all content is correct, complete, or updated. A list of the top ETH 2x Flexible Leverage Index markets across all crypto exchanges based on the highest 24h trading volume, with their current price. Sign up for Crypto for Advisors, our weekly newsletter defining crypto, digital assets and the future of finance.
If you are not an existing user, you can refer to our How to Buy Ethereum guide on registering and buying your first cryptocurrency on Binance. Register and set up the crypto wallet via the wallet’s Google Chrome extension or via the mobile app you downloaded in Step 1. Make sure to keep your seed phrase safe, and take note of your wallet address.