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Inverse Ethereum Flexible Leverage Index (iETH-FLI-P)

CURRENT PRICE

CHANGE

The Inverse Ethereum Flexible Leverage Index on Polygon (iETH-FLI-P) leverages a collateralized debt position by targeting a short -1x exposure to ETH. By abstracting the management of this strategy into a simple index, it enables market participants to take on leverage while minimizing the transaction costs and risks associated with maintaining collateralized debt.

Stats

Market Cap

Volume

Current Supply

Streaming Fee

1.95%

minting / Redeeming Fee

0.1%

Underlying Tokens

amUSDC Logo
amUSDC
WETH token - wrapped ETH logo
WETH
Debt & Collateral is accessed via

About

Objective

The Inverse ETH Flexible Leverage Index (iETH-FLI-P) makes leverage effortless. The end user does not have to worry about:

Monitoring their leveraged loan 24/7, having to always be ready to act.
High fees, transactions not being included fast enough or the relative UIs being unresponsive during times of high volatility.
Users don't have to manage their liquidation ratio since this is automatically managed by FLI, which drastically reduces liquidations, even during black swan events.

iETH-FLI-P has several key advantages over Legacy Leveraged Tokens:

Zero slippage via composable entry and exit.
Unique index algorithm reduce rebalancing needs by an order of magnitude.
Emergency deleveraging possible during Black Swan events for additional fund safety.

Initial Parameters

Underlying Asset: USDC
Borrow Asset: WETH
Target Leverage Ratio: -1.0 (short)
DeFi Lending Protocol: Aave Polygon
Maximum Leverage Ratio: -1.2 (short)
Minimum Leverage Ratio: -0.8 (short)
Rebalance Interval: 4 hours
Recentering Speed: 2.5%

Definitions

Borrow Rate — the cost to borrow the asset at the DeFi Lending Protocol over the most recent epoch.
Epoch Length — the time between rebalances.
Target Leverage Ratio (TLR) — the long term target for the value of the assets held by the index divided by the value of the debt held by the index.
Current Leverage Ratio (CLR) — the value of the asset currently held by the index divided by the current value of the debt held by the index.
Maximum Leverage Ratio (MAXLR) — the highest leverage ratio the index will ever have after a rebalance.
Re-centering Speed (RS) — the rate at which the Current Leverage Ratio is adjusted each period to return to the Target Leverage Ratio, when the index is not being adjusted back to the Maximum Leverage Ratio or the Minimum Leverage Ratio.

Index Price:

FLIt = FLIt-1 * (1 + ((Pricet/Pricet-1–1) * CLRt-1 — (BorrowRatet * (CLRt-1 -1)/CLRt-1)))

Calculation of the new Current Lever Ratio for the period:

FLIt = FLIt-1 * (1 + ((Pricet/Pricet-1–1) * CLRt-1 — (BorrowRatet * (CLRt-1 -1)/CLRt-1)))

Disclaimer:

This content is for informational purposes only and should not be construed as legal, tax, investment, financial, or other advice. Each purchaser of an Index Coop product should consult with his or her own legal adviser and tax adviser before purchasing such products. Digital assets are volatile and risky and may not be appropriate for your financial situation or investment goal.

You shall not purchase or otherwise acquire any of our token products if you are: a citizen, resident (tax or otherwise), green card holder, incorporated in, owned or controlled by a person or entity in, located in, or have a registered office or principal place of business in the U.S. (a "U.S. Person"), or if you are a person in any jurisdiction in which such offer, sale, and/or purchase of any of our token products is unlawful, prohibited, or unauthorized (together with U.S. Person, a “Restricted Person”).  The term “Restricted Person” includes, but is not limited to, any natural person residing in, or any firm, company, partnership, trust, corporation, entity, government, state or agency of a state, or any other incorporated or unincorporated body or association, association or partnership (whether or not having separate legal personality) that is established and/or lawfully existing under the laws of, a jurisdiction in which such offer, sale, and/or purchase of any of our token products is unlawful, prohibited, or unauthorized).  You shall not resell or otherwise transfer any of our token products to any Restricted Person. The transfer or resale of any of our token products to any Restricted Person is not permitted.

You shall read the
Terms of Service and list of Tokens Restricted for Restricted Persons and use our Website and products in compliance with the Terms of Service.

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