Gate.io Has Added YFI and YFII Leveraged ETFs
has added the following YFI and YFII ETFs, YFI 3L and YFI 3S, YFII 3L
and YFII 3S. 3L is a long position while 3S is a short position,
which tracks the price change range of underlying asset and changes
about 3 times that of the underlying asset spot market.
Trade YFI3L at https://www.gate.io/trade/YFI3L_USDT
Trade YFI3S at https://www.gate.io/trade/YFI3S_USDT
Trade YFII3L at https://www.gate.io/trade/YFII3L_USDT
Trade YFII3S at https://www.gate.io/trade/YFII3S_USDT
Digital currency prices are susceptible to high volatility, which is even more tangible for 3X leveraged ETF products. Therefore there is a risk to suffer amplified loss. Please fully understand the product and risks involved before trading. Furthermore, the change of an ETF product is not always about 3 times the change of the underlying asset over a certain time span as the result of scheduled or irregular re-balancing. An ETF product is hedged in a perpetual contract market, the profit will expand the position and the loss will decrease the position. The product rebalances every day to back to 3 times leverage, which will incur greater friction at a swinging market. Due to the rebalancing mechanism and the holding cost, the ETF is not suitable for long term holding. It has greater fluctuation and higher risk. Please be cautious. For more details, please read instructions about Leveraged ETFs at our Help Center.
October 21st, 2020
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