Index Coop Bitcoin 2x Index BTC2X
1. Summary
- Description
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Index Coop Bitcoin 2x Index
Index Coop Bitcoin 2x Index
The Index Coop Bitcoin 2x Index (BTC2X) is a leveraged token that provides 2x amplified exposure to Bitcoin (BTC) on the Ethereum mainnet. This fully collateralized token utilizes a debt position in Aave V3 and automatically rebalances to maintain a target leverage ratio of 2.0x. The token is designed to provide consistent leverage exposure to short-term price movements of BTC, ensuring token holders have approximately twice the exposure without needing to actively monitor their leverage positions.
Features
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Amplified Exposure: BTC2X targets a leverage ratio of 2.0x, providing token holders with amplified exposure to short-term BTC price movements.
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Collateralized Debt Position: The token uses a fully collateralized debt position in Aave V3, ensuring liquidity and minimizing liquidation risks.
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Automatic Rebalancing: The token automatically rebalances the underlying collateralized debt position in Aave V3 to maintain the target leverage ratio, reducing the need for active management by users.
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Liquidation Protection: The token features built-in liquidation protection, which rebalances the underlying collateralized debt position to avoid liquidation during volatile market conditions.
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Ripcord System: The token includes a ripcord system that allows anyone to trigger a rebalance if the leverage ratio exceeds predefined thresholds, ensuring an additional layer of protection for users.
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Gas Efficiency: The token is more gas-efficient than legacy FLI tokens, reducing issuance and redemption costs.
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Risk Management: The token is designed to minimize rebalancing costs and provides users with persistent leverage exposure to BTC.
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| Price | |
| 52W High price | $309.29 |
| 52W High date | 28th Mar 2024 (7 months ago) |
| All Time High (ATH) Date | 27th Mar 2024 (7 months ago) |
| ATH Price | $310.55 |
| % From ATH | -72.7% |
| All Time Low (ATL) Date | 24th Jun 2024 (4 months ago) |
| ATL Price | $82.66 |
| % From ATL | 2.56% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $24.00 |
BTC2X
How does Index Coop Bitcoin 2x Index's (BTC2X) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-0.2%
BTC2X
26.2%
Similar Market Cap
60 Day Return
-72.6%
BTC2X
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Similar Market Cap
We're monitoring 24 Index Coop Bitcoin 2x Index GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Index Coop Bitcoin 2x Index Repos)
Commits vs. The Market
- Past 4 weeks: 68 commits vs. an average of 1
- Past 12 weeks: 229 commits vs. an average of 8
- Past year: 1,600 commits vs. an average of 111
Most Active Repos
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Top Developers 2024
In total, 18 developers have contributed to Index Coop Bitcoin 2x Index over the past year. Who are the most active Index Coop Bitcoin 2x Index developers, by commits, over the past year?
Related Projects
Developers working on Index Coop Bitcoin 2x Index also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
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No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://indexcoop.com/BTC2x |
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| Explorer | https://etherscan.io/token/0xd2ac55ca3bbd2dd1e9936... |
| Forum | https://www.linkedin.com/company/index-coop/ |
What is the correct contract address for Index Coop Bitcoin 2x Index?
| Ethereum | 0xd2ac55ca3bbd2dd1e9936ec640dcb4b745fde759 |
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Has Index Coop Bitcoin 2x Index been audited for security?
No security audits found for this project.
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