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AscendEX, a full-stack cryptocurrency alternate platform, has knowledgeable finishing the addition of 7 new leveraged tokens for buying and selling: OP, SOL, FTM, SHIB, ATOM, SAND, and PEOPLE.
Examine under for particulars of the brand new tokens:
| Leveraged Token | 3X Leverage Lengthy | 5X Leverage Lengthy | 3X Leverage Brief | 5X Leverage Brief |
| OP | OP3L/USDT | – | OP3S/USDT | – |
| SOL | SOL3L/USDT | SOL5L/USDT | SOL3S/USDT | SOL5S/USDT |
| FTM | FTM3L/USDT | FTM5L/USDT | FTM3S/USDT | FTM5S/USDT |
| SHIB | SHIB3L/USDT | SHIB5L/USDT | SHIB3S/USDT | SHIB5S/USDT |
| ATOM | ATOM3L/USDT | ATOM5L/USDT | ATOM3S/USDT | ATOM5S/USDT |
| SAND | SAND3L/USDT | SAND5L/USDT | SAND3S/USDT | SAND5S/USDT |
| PEOPLE | PEOPLE3L/USDT | PEOPLE5L/USDT | PEOPLE3S/USDT | PEOPLE5S/USDT |
Leveraged tokens supply merchants elevated publicity to an underlying asset. Leveraged tokens goal to amplify the returns of the underlying asset at the next ratio comparable to 2:1, 5:1, and so forth.
For instance, if the asset value will increase by 1%, the 2x (2:1) leveraged token would enhance by 2%.
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