Buy BTC 2x Flexible Leverage Index (BTC2X-FLI)
What is BTC 2x Flexible Leverage Index?
BTC 2x Flexible Leverage Index (BTC2X-FLI) is a structured financial product in the form of an ERC20 token that permits traders to automatically manage a leveraged exposure to Bitcoin, ranging from 1x to 2x. This product allows users to engage in leveraged trading in a decentralised manner, abstracting away the complexities involved in managing collateralised debt positions into a simple index.
How does BTC 2x Flexible Leverage Index work?
BTC2X-FLI operates on the Ethereum blockchain, utilising smart contracts to maintain and adjust leverage on Bitcoin. The index calculates leverage daily using specific algorithms to rebalance positions, ensuring the target leverage is met. Emergency deleveraging mechanisms are integrated to protect against extreme market conditions. It offers automatic management of leverage, reducing the need for users to manually handle debt positions and providing ease of access to leveraging strategies.
What are the potential use cases for BTC 2x Flexible Leverage Index?
The BTC2X-FLI can be used by traders in decentralised finance (DeFi) for leveraging Bitcoin investments without the complexities of traditional financial products. It is suitable for:
- Risk Management: The index can adjust itself during extreme market movements to reduce risk.
- DeFi Integration: Being an ERC20 token, it can integrate into various DeFi protocols and trading platforms.
- Simplified Investment: Provides a simpler means for investors to gain leveraged Bitcoin exposure, without continuous manual adjustments.
What is the history of BTC 2x Flexible Leverage Index?
BTC2X-FLI was launched by Index Coop on May 11, 2021. It was developed to simplify leveraged crypto trading by automating many of the associated tasks, thereby making it accessible and efficient for a broader range of investors. The product has been integrated into several DeFi platforms and continues to be a popular choice for those seeking automated leveraged exposure to Bitcoin. There have been no major forks or significant alternations to its fundamental structure since its inception.
Coin Contract Addresses
Related Assets
Resources
Learn More About BTC 2x Flexible Leverage Index
Frequently Asked Questions (FAQs)
What is the current price of BTC 2x Flexible Leverage Index (BTC2X-FLI)?
The BTC 2x Flexible Leverage Index price is $81.03 AUD, representing a +0.11% from the day prior.
Where is the best place to buy BTC 2x Flexible Leverage Index (BTC2X-FLI) in Australia?
The best place to buy BTC 2x Flexible Leverage Index (BTC2X-FLI) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell BTC 2x Flexible Leverage Index (BTC2X-FLI) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of BTC 2x Flexible Leverage Index (BTC2X-FLI)?
The trading volume of BTC 2x Flexible Leverage Index (BTC2X-FLI) is $15.5K AUD in the last 24hrs, representing a +0.11% from the day prior.
How can I buy BTC 2x Flexible Leverage Index (BTC2X-FLI)?
BTC 2x Flexible Leverage Index (BTC2X-FLI) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of BTC 2x Flexible Leverage Index (BTC2X-FLI)?
The current market cap of BTC 2x Flexible Leverage Index (BTC2X-FLI) is $9.7M AUD.
Can I convert BTC 2x Flexible Leverage Index (BTC2X-FLI) to cash?
Yes - With Coinstash you can convert your BTC 2x Flexible Leverage Index (BTC2X-FLI) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many BTC 2x Flexible Leverage Index (BTC2X-FLI) are there?
The current circulating supply of BTC 2x Flexible Leverage Index (BTC2X-FLI) is 128.4K.
Is Coinstash a safe place to buy BTC 2x Flexible Leverage Index (BTC2X-FLI) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling BTC 2x Flexible Leverage Index (BTC2X-FLI) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.