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Index Coop Bitcoin -1x Index (iBTC1x) provides inverse leveraged exposure to BTC. iBTC1x represents an over-collateralized debt position in Aave V3 that enables inverse exposure BTC by tracking a target leverage ratio of -1.0x and rebalancing as prices change. Token holders benefit from automated rebalancing, liquidation protection, and persistent leverage.
Index Coop -1x tokens utilize a range-bound methodology. With a range-bound methodology, rebalancing occurs when the current leverage ratio is less than the minimum or greater than the maximum leverage ratio.
The Index Coop Bitcoin -1x 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 $INDEX holders before implementation.
Annual Fee: 3.65%
Mint Fee: 0.10%
Redeem Fee: 0.10%
The following risks may apply to this digital asset: full or partial loss of digital assets due to technical hacks, exploits, or failures that may occur at the protocol or smart contract level of a product’s infrastructure; restrictions placed on the digital assets by regulatory authorities in the end users region; loss of digital assets or loss of access to the digital assets due to decisions made by centralized providers of the underlying assets; full or partial loss of digital assets through standard product operations which can be hampered by unexpected market conditions; full or partial loss of digital assets due to changes to underlying product assets made by the originating protocols; full or partial loss of digital assets due to volatility, correlation, value at risk, and contagion risks; underperformance of digital assets due to deviation from intended methodology; full or partial loss of digital assets due to the variability of an assets price; full or partial loss of digital assets due to deviation from the proposed methodology and volatility decay incurred during rebalancing; full or partial loss of digital assets due to liquidation of the position in the event of product malfunctions.
