Bitcoin Bull 2X

BTCBULL2X amplifies Bitcoin price change by two times. If Bitcoin climbs 5% in price, BTCBULL2X goes up 10% in price.

How it works

The token does not liquidate, and maintains constant leverage to achieve higher growth potential than a regular 2x long.

Deposits are added to Aave and wound up to target leverage

Actual leverage is monitored within target range

If leverage goes outside of the target range, it's rebalanced to enter the edge of the target range again

Because of the constant re-leveraging, when price of the underlying keeps moving in one direction this token moves exponentially