In the past 7 days, BTC is down 11.4%.
But, this token BTCBULLP2X is only down 3.5%.
This is a protected leverage token by @torosfinance.
It is tokenized leveraged exposure for BTC but with a protected/managed 2x leverage range. Tradable on @arbitrum.
I am not personally in it but am tracking it as I've been eager to want to use these vehicles to protect me from more pain in the bear market. Now, I am getting to see a real stress test on their design.
If you want to read more about protected leverage tokens and how they work, check out @torosfinance docs. Tbh, there's quite a bit here that flies over my head but the advanced programmability is such a cool demonstration of the power of DeFi.
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