x5 Leveraged Token

Derivative specifications provided below do not contain all of the potentially relevant information, could contain inaccuracies and are intended only as a general overview. Please inspect the instrument's source code, and that of the protocol as whole, prior to interacting with it.

Unless explicitely stated otherwise, all returns discussed below are based on changes in USD nominal value of the instruments (defined by their current claim on collateral within CompliFi protocol), and do not take into account external market prices.

Underlying Variable

% change in USD price of underlying asset from start to settlement.

Collateral

USDC

Primary Asset: [ASSET]x5-DDMmmYY-Up

Provides a return of 5x the % change in USD price of underlying asset, up to a maximum of +100%, assuming USDC adheres strictly to its USD peg.

Starting nominal value (claim on collateral of 1 unit of asset) = 1 USDC

Complement Asset: [ASSET]x5-DDMmmYY-Down

Provides a return of negative 5x the % change in USD price of underlying asset, up to a maximum of +100%, assuming USDC adheres strictly to its USD peg.

Starting nominal value (claim on collateral of 1 unit of asset) = 1 USDC

Collateral Split Function

x5

Primary asset share:

0.5*(1+5*(% change in underlying price)) when -20% < % change in underlying price < +20%

100% when % change in underlying price >= +20%

0% when % change in underlying price <= -20%

Returns Profile

Note: the following chart and formulas assume that USDC adheres strictly to its USD peg

Primary Asset Return

5*(% change in underlying price) when -20% < % change in underlying price < +20%

+100% when % change in underlying price >= +20%

-100% when % change in underlying price <= -20%

Complement Asset Return

-5*(% change in price of ETH) when -20% < % change in underlying price < +20%

+100% when % change in underlying price <= -20%

-100% when % change in underlying price >= +20%