To meet the trading demand of various users, MEXC will launch ETHW3L/3S leveraged ETFs at 21:00 September 15, 2022 (UTC+8). The details are as follows:
ETHW3L- 3x leverage long for ETHW
ETHW3S- 3x leverage short for ETHW
The daily management fee rate for ETHW3L/3S shall be based on the fee rate indicated on the trading page.
Trading benefits for MEXC Users
Event period: 21:00 September 15, 2022 (UTC+8) - 21:00 September 20, 2022 (UTC+8)
Leveraged ETFs for this activity: ETHW3L、ETHW3S
[Rules and rewards]
During the event duration,
Trade ETHW3L/3S with Trading volume ≥200 USDT, receive 5 USDT ETHW3L Token
Trade ETHW3L/3S with Trading volume≥ 500 USDT, receive 10 USDT ETHW3L Token
Total prize pool: 6000 USDT.
- Trading volume = Buys + Sells
- Users must be traded within a specific time frame and complete KYC verification to receive rewards. Limited rewards are available on a first-come, first-served basis
- The prize will be distributed to the winner's account within 3 workdays. For the users who meet the activity requirements, please check the reward distribution in [Assets] - [Spot ] - [D/W History] - [Other Records]. If you encounter any problems related to the event, please add : Telegram- MEXCMint
- Wash trading and any cheating conduct are prohibited. Otherwise, MEXC has the right to deprive the prize, even freeze the account.
- MEXC reserves the final right to interpret.
Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MEXC Global will make best efforts to choose high-quality tokens, but will not be responsible for your investment losses. As a digital asset trading platform that respects the community, MEXC adheres to the principle of truthful, transparent and fair trading, with no malicious intent. We are committed to providing users with a service that is safer, more efficient, and more reliable for the trading of digital assets.
What is leveraged ETF?
Leveraged ETF is a very popular financial derivative in the traditional financial market. It is a product that tracks the yield rate of underlying assets (for example, BTC) at certain times (3 times). For example, if BTC gains 1%, the net value of the corresponding 3 times ETF product will rise 3%, while the -3 times product will decrease -3%.
Leverage ETF is a perpetual product with no settlement day. Theoretically, its price will not completely approach zero, so there are no liquidation risks. Investors are able to buy/sell it at the secondary market at any time with no need for margin.
The value of leveraged ETF product is calculated in USDT. Its trading is very similar to spot trading. Leveraged ETF, essentially, is a fund in shares that are pegged with the return rate of the underlying assets at certain times. Investors are able to obtain yield times more than that of the underlying asset by trading leveraged ETF products. When the underlying assets fluctuate against the leveraged ETF you bought over a given threshold figure, the fund management party will rebalance the fund position to ensure the loss not exceeding a limited amount.
Simply put, investors are able to gain the yield of underlying assets at certain times by trading the corresponding leveraged ETF product, which is free of liquidation risks via control measures taken by the fund management agent.
MEXC now support 3 times long leverage (3L) and 3 times short leverage (3S). Users can check the leveraged ETF products by [Official website – Market – ETF Zone]
MEXC "ETF Treasure Chest" Event Update Announcement：https://support.mexc.com/hc/en-001/articles/4407559565081-MEXC-ETF-Treasure-Chest-Event-Update-Announcement
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Enjoy trading on MEXC.
The MEXC Team
15 September 2022