ETC3S seeks to maintain notional exposure to -3x of Ether’s daily returns through the use of perpetual swap contracts. This token is priced by aggregating order books from several top crypto derivatives exchanges. When depositing a stablecoin to this smart contract, it goes out and initiates positions in perpetual swap contracts on various exchanges at the best rate. Users can buy this token as a means to get -3x exposure to daily Ether performance.
This token seeks to maintain its target of -3x to the return of Ether on a daily basis. Due to compounding of daily returns, holding periods of greater than 1 day can result in returns that are significantly different.
| Full Name | Amun Ether 3x Daily Short (ETH3S) |
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| Start Date | N/A |
| Algorithm | ETH Token |
| Proof Type | N/A |
| Website | https://amun.com/tokens/eth3s/ |
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| Block Number | N/A |
| Block Time | N/A |
| Block Reward | N/A |
| Total Coins Mined | N/A |
| Previous Total Coins Mined | N/A |
| Net Hashes Per Second | N/A |