BTC3x (BTC 3x Leverage Index)
On-chain Tokenized 3x Exposure of BTC created on VISP
Overview
BTC 3x Leverage Index (BTC3x) is an over-collateralized debt position in Aave V3 that enables amplified exposure to BTC by tracking a target leverage ratio of 3.0x and rebalancing as prices change. Token holders benefit from automated rebalancing, liquidation protection, and persistent leverage.
It should be noted that there are different versions of BTC3x in the market, so please ensure that you are interacting with the correct smart contract. To avoid any issues, we recommend using our official Dapp at app.vingt.io, which guarantees you are accessing the correct contract. If you choose to use a block explorer or any other method to interact with the smart contract, please double-check that the smart contract address matches the one specified in our documentation. This precaution helps prevent any potential errors or security issues arising from interacting with incorrect or malicious contracts.
To trade BTC3x on BNB Chain, click here
Contracts | Address | Blockchain |
BTC3x (BTC 3x Leverage Index) |
Methodology
All VISP leverage tokens utilize a range-bound methodology. With this approach, rebalancing occurs when the current leverage ratio falls below the minimum threshold or exceeds the maximum leverage ratio. This method ensures that the leverage ratio remains within a predefined range, providing more consistent and controlled leverage exposure for token holders.
| Parameter | Configuration |
|---|---|
Target Leverage Ratio | 3 |
Minimum Leverage Ratio | 2.6087 |
Maximum Leverage Ratio | 3.45 |
Ripcord Leverage Ratio | 3.65 |
Ripcord Incentive | 0 BNB |
Rebalance Interval | Range Bound |
Recentering Speed | 0.10 % |
Epoch Length | Infinite |
Initial Token Supply Cap | 5000 units |
Listings
| Token | Allocation |
|---|---|
Over Collateralized | |
Debt Position |
Maintenance
BTC 3x Leverage Index will automatically rebalance anytime the current leverage ratio moves outside of the range defined for the product.
Any changes to the methodology or product parameters will be made publicly available and voted on by $VGT holders before implementation.
Fees
Annual Fee: 5.48%
Mint Fee: 0.10%
Redeem Fee: 0.10%
Risks
The digital asset in question is susceptible to several risk factors, including but not limited to:
Technical Vulnerabilities: The potential for complete or partial loss of digital assets resulting from technical breaches, exploits, or failures that could occur at the protocol or smart contract level within the product's infrastructure.
Regulatory Constraints: The possibility of regulatory authorities in the end user's region imposing restrictions on the use or possession of digital assets, thereby affecting their accessibility and value.
Centralized Providers' Decisions: The risk of losing digital assets or access to them due to determinations made by centralized providers of the underlying assets, which may not always align with the interests of the asset holders.
Market Conditions: The chance of full or partial loss of digital assets stemming from the standard operations of the product, which can be impeded by unforeseen market fluctuations and conditions.
Protocol-Induced Changes: Exposure to the risk of complete or partial loss of digital assets due to alterations made to the underlying product assets by the originating protocols.
Market-Related Risks: Vulnerability to full or partial loss of digital assets resulting from factors such as volatility, correlation, value at risk, and contagion risks in the digital asset market.
Methodology Deviation: The potential for digital assets to underperform due to deviations from their intended methodology or objectives.
Underlying Token Volatility: The risk associated with the fluctuating value and volatility of the underlying tokens supporting the digital asset.
It is imperative for potential investors or users to be cognizant of these risk factors and exercise due diligence when engaging with this digital asset.
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