$0.624986
-$0.162348(-20.62%)
Market Cap
--
24h High
$0.812977
24h Low
$0.538242
24h Turnover
--
Total Supply
30.73K
Market Sentiment
Neutral
About Leverage WBTC (XWBTC)
btcUSD offers the perfectly pegged, zero-beta USD stablecoin-with-awesome-yields experience that f(x) users love, while xWBTC brings the expected leverage long BTC excitement. With the added bonus that since btcUSD kicks in at a 120% collateral ratio, xWBTC’s effective leverage ratio can get up to 5.6x leverage!
The key difference with WBTC is that, since it has no built-in yield, xWBTC holders pay a competitive funding rate for the leveraged price exposure. As with all other f tokens, holding btcUSD is free, and farming with it in the stability pool is lucrative.
The funding rate of xWBTC will simply track the borrowing rate of crvUSD against WBTC. Revenue is treated in the same way as any other reserve yield in f(x); it is divided evenly between the stability pool and the protocol (as revenue). WBTC flowing to the protocol is further subdivided, with 75% being paid to veFXN holders and 25% to the protocol treasury.
Leverage WBTC (XWBTC) Basics & Market Insights
Risk Disclosure
Cryptocurrencies are high-risk assets and are subject to significant price volatility. The value of digital assets may fluctuate sharply within a short period of time, and you may lose part or all of your investment principal. Past performance does not guarantee future results.
Before engaging in any transaction, you should carefully assess your financial situation, investment experience, investment objectives, and risk tolerance, and ensure that you fully understand the characteristics and risks associated with cryptocurrencies. If necessary, you are advised to consult an independent professional advisor with the appropriate qualifications.
Disclaimer
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