Leverage Buying

Leverage Buying — No Price Liquidation

Borrow to amplify your exposure to price increases. There is no price liquidation: a position is never closed out because the market moved against it. Positions end on time-based expiry instead.

Leverage runs up to 36x. That is a theoretical maximum rather than a guaranteed constant, because the binding constraint is the spot/floor ratio described below.

• Leverage is always maximized based on the difference between the floor price and the spot price of the token.
• The highest leverage is available when the spot price is equal to the floor price.
• Leverage decreases as the difference between the spot price and floor price increases.
  • Stable+: Spot price is always equal to the floor price, so the highest leverage is always available.
  • Floor+: Highest leverage is available at launch and leverage available decreases as the spot price increases above the floor price.