Index Coop Ethereum 2x Index ETH2X
1. Summary
- Description
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Index Coop Ethereum 2x Index (ETH2x) provides 2x leveraged exposure to ETH on Ethereum mainnet. ETH2x represents an over-collateralized debt position in Aave V3 that enables amplified exposure to ETH by tracking a target leverage ratio of 2.0x and rebalancing as prices change. The Index Coop Ethereum 2x Index is designed to replace the legacy ETH2x...
Index Coop Ethereum 2x Index (ETH2x) provides 2x leveraged exposure to ETH on Ethereum mainnet. ETH2x represents an over-collateralized debt position in Aave V3 that enables amplified exposure to ETH by tracking a target leverage ratio of 2.0x and rebalancing as prices change. The Index Coop Ethereum 2x Index is designed to replace the legacy ETH2x-FLI product and utilizes modern Index Protocol and Aave v3 infrastructure. This approach offers the same time-tested benefits of the Flexible Leverage Indices (FLIs) while being more cost-effective for issuance and redemption in terms of gas costs.ETH2x employs a range-bound methodology, which includes rebalancing whenever the current leverage ratio moves outside of the predefined range. This method results in less frequent rebalancing and tracking error compared to the legacy FLIs. The methodologist, Scalara (formerly Pulse Inc.), maintains the methodology, which can be updated via the Index Improvement Proposal (IIP) to improve or protect the integrity of the product. Token holders benefit from automated rebalancing, liquidation protection, and persistent leverage. The Index Coop Ethereum 2x Index has fees including a 3.65% streaming fee and 0.10% mint and redeem fees. The following risks may apply to this digital asset: technical hacks, regulatory restrictions, loss of access to underlying assets, market volatility, and rebalancing risks.
| Price | |
| 52W High price | $109.66 |
| 52W High date | 28th May 2024 (7 months ago) |
| All Time High (ATH) Date | 27th May 2024 (7 months ago) |
| ATH Price | $113.05 |
| % From ATH | -32.96% |
| All Time Low (ATL) Date | 8th Jul 2024 (5 months ago) |
| ATL Price | $56.35 |
| % From ATL | 34.5% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $78,740.00 |
ETH2X
How does Index Coop Ethereum 2x Index's (ETH2X) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-8.9%
ETH2X
48,268.2%
Similar Market Cap
60 Day Return
-26.8%
ETH2X
-
Similar Market Cap
We're monitoring 24 Index Coop Ethereum 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 Ethereum 2x Index Repos)
Commits vs. The Market
- Past 4 weeks: 7 commits vs. an average of 1
- Past 12 weeks: 12 commits vs. an average of 6
- Past year: 28 commits vs. an average of 92
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Top Developers 2024
In total, 4 developers have contributed to Index Coop Ethereum 2x Index over the past year. Who are the most active Index Coop Ethereum 2x Index developers, by commits, over the past year?
Related Projects
Developers working on Index Coop Ethereum 2x Index also worked on these projects.
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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/eth2x |
|---|---|
| Explorer | https://etherscan.io/token/0x65c4c0517025ec0843c91... |
| Forum | https://www.linkedin.com/company/index-coop/ |
What is the correct contract address for Index Coop Ethereum 2x Index?
| Ethereum | 0x65c4c0517025ec0843c9146af266a2c5a2d148a2 |
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Has Index Coop Ethereum 2x Index been audited for security?
No security audits found for this project.
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