To meet the trading demand of various users, MXC will launch DOTECO3L and DOTECO3S leveraged ETFs at 16:00 (UTC+8), Jan 23. The details are as follows:
DOTECO3L - 3x leverage long for DOTECO
DOTECO3S- 3x leverage short for DOTECO
Note: The daily management fee will be reflected in the change in net worth, that is, it will be presented in the form of "deducting the value of the corresponding leveraged ETF", and it will only be charged at 0:00(UTC+8). If you do not hold the product at that time, there will be no cost.
Note: DOTECO is the abbreviation of Polkadot Ecosystem, not a digital asset code.
About DOTECO Index
The underlying asset of the DOTECO index is a composite price index composed of the Polkadot Ecosystem currency index. Calculate the index price based on the weighted average price, and use USDT as the settlement unit.
Currently, the token of the DOTECO Index includes Dock (DOCK), Reef Finance (REEF), Akropolis (AKRO), and Kusama (KSM).