Price
$6.57
12/4/2022, 6:22:26 PM
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Buy ETH 2x Flexible Leverage Index with Coinbase Wallet

ETH 2x Flexible Leverage Index can be traded using Coinbase Wallet, your key to the world of crypto.

Market

Market stats

Market cap

-

Volume (24h)

$81,737.81

Circulating supply

-

All time high

$1,708.87

Price change (1h)

+2.41%

Price change (24h)

+0.87%

Price change (7d)

+6.78%

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ETH 2x Flexible Leverage Index is on the rise this week.

The price of ETH 2x Flexible Leverage Index has risen by 6.78% in the past 7 days. The price increased by 0.87% in the last 24 hours. In just the past hour, the price grew by 2.41%. The current price is $6.57 per ETH2X-FLI. ETH 2x Flexible Leverage Index is 99.62% below the all time high of $1,708.87.

The current circulating supply is 0 ETH2X-FLI.

About

What IsETH 2x Flexible Leverage Index (ETH2X-FLI)?

ETH 2x Flexible Leverage Index (ETH2X-FLI) aims to make leverage effortless for users. The platform enables users to take advantage of collateralized debt positions efficiently and safely by abstracting the management into the easy index. The platform allows participants to take advantage of fewer transaction fees and risks linked to the maintenance of collateralized debt. 

The platform plans to make leverage effortless for end users by monitoring their leveraged loan 24/7. The platform further helps to ensure that users do not have to manage their liquidation ratio because the FLI automatically manages everything. Thus, the liquidations are reduced even during the black swan events. The platform also takes responsibility for the high fees transactions that are not included in the relative UIs and are not responsive during high volatility.

ETH2x-FLI is the native, fully collateralized ERC-20 leverage token built on the platform for Ethereum. The token utilizes the FLI methodology, which means the user does not have to worry about requirements on margin and can save money on gas. The FLI methodology uses a 2x leverage and a tolerance range that reduces the amount of rebalances and increases the gas efficiency, ensuring direct savings for the users. 

Further, the token is built on the ERC-20 protocol, enabling users to gain leverage exposure to Ether, using collateralized debt without monitoring liquidation risks. The ETH2X-FLI token seeks to offer some benefits over the legacy leveraged tokens, including:

  • The token offers zero slippage through composable entry and exit.

  • The unique index algorithm lowers the need for rebalancing through an order of magnitude.

  • The token assists with emergency deleveraging to ensure fund safety during the black swan events.

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FAQ

What is the current price of ETH 2x Flexible Leverage Index?

The price of 1 ETH 2x Flexible Leverage Index currently costs $6.57.

What is the market cap of ETH 2x Flexible Leverage Index?

The current market cap of ETH 2x Flexible Leverage Index is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of ETH 2x Flexible Leverage Index?

The all-time high of ETH 2x Flexible Leverage Index is $1,708.87. This all-time high is highest price paid for ETH 2x Flexible Leverage Index since it was launched.

What is the 24 hour trading volume of ETH 2x Flexible Leverage Index?

Over the last 24 hours, the trading volume of ETH 2x Flexible Leverage Index is $81.74K.

What other assets are similar to ETH 2x Flexible Leverage Index?

Assets that have a similar market cap to ETH 2x Flexible Leverage Index include Vault Hill City, Diamond Boyz Coin, Moonscape, and many others. To see a full list, see our comparable market cap assets.

How many ETH 2x Flexible Leverage Index are there?

The current circulating supply of ETH 2x Flexible Leverage Index is 0.