Token Symbol: PENGU3L

Brief:

PENGU3L is a leveraged token that goes long on PENGU with 3x leverage, which means that for every increase in the price of PENGU in the market, the leveraged PENGU token seeks a 3x increase in its price. PENGU3L is required to maintain its target leverage and does so through dynamic rebalancing to gain a net value increase by 3% when the price of PENGU goes up by 1%.

 

Due to such rebalancing and investment costs, PENGU3L may suffer a net value loss when the market fluctuates. Please note, AscendEX’s leveraged tokens are not suitable for long-term investment. Investors must be cautious while investing in leveraged tokens and manage their investment risks in a timely manner.

 

Click here to learn more about Pudgy Penguins (PENGU) >>

 

Risk Disclosure:

Leveraged tokens differ from regular tokens for spot trading in that there is higher risk and volatility, which could bring about great returns or losses in a single day. Please learn more about leveraged tokens in our help center before making an investment.