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BTCBULL2X amplifies Bitcoin price change by two times. If Bitcoin climbs 5% in price, BTCBULL2X goes up 10% in price. 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
To learn more about how leveraged tokens workread our docs.