In order to provide users with more different trading options, DigiFinex has specially prepared an ETF trading pair holding welfare activity for you! Participate in the holding activity and you can receive interest rewards!
Time period: 4 weeks in total with rewards distributed weekly
- July 8, 2024 - July 14, 2024
- July 15, 2024 - July 21, 2024
- July 22, 2024 - July 28, 2024
- July 29, 2024 - August 4, 2024
Event: ETF Trading Pair Weekly Holding Rewards
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Hold any ETF trading pair with a holding amount ⩾ $50 during the event period to qualify.
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The event is divided into four cycles for awarding rewards:
- July 8, 2024 - July 14, 2024
- July 15, 2024 - July 21, 2024
- July 22, 2024 - July 28, 2024
- July 29, 2024 - August 4, 2024
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Weekly holding rewards = (buy volume of all ETF trading pairs in the week - sell volume of all ETF trading pairs in the week) / 7 * 2%
e.g. After the first cycle, user A counts the buy volume of all ETF trading pairs in the week as $20,000, and the sell volume of all ETF trading pairs in the week as $10,000. After the first cycle, user A's holding rewards ($20,000-$10,000) / 7 * 2% = $28.57!
*Position Snapshot Frequency: Snapshot taken every week.
Important Notices:
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Rewards will be distributed within 7 working days after the end of the event.
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To ensure fairness in the event, cheating behaviors such as brush orders and collusion are strictly prohibited. Users engaging in irregular operations that affect the normal operation of the event will have their winning qualifications immediately canceled by the exchange, and severe cases may result in account suspension.
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All rewards are bonuses with specific deadlines for collection and usage. Please pay attention to these details.
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The ultimate interpretation of this event belongs to the DigiFinex platform.
Introduction to leveraged ETFs:
1. What is a leveraged ETF?
Leveraged ETF is a popular innovative financial derivative in the digital asset industry recently. It has both the characteristics of spots and futures.
It is a transactional product that can track a certain multiple of the target asset’s return on a daily basis under the premise of a given underlying asset. When the tracked asset rises or falls, the leveraged ETF will multiply its fluctuations according to the leverage ratio (such as 2 times, 3 times or -1 times, -2 times). For example, BTC price increases by 1%, BTC3L product net value will increase by 3%, BTC3S product net value will fall by 3%.
Leveraged ETF products are originated from the traditional financial market, and are essentially funds managed by DigiFinex's senior asset management team. Through the combination of man and machine, positions are dynamically adjusted, allowing investors to easily build their own constant leverage portfolio without understanding the complex mechanisms. While amplifying investment income, it also avoids the risk of liquidation. The ETF model is simple and is no different from ordinary currency transactions. The transaction threshold and risk are lower than traditional futures.
2. Advantages of leveraged ETF
Spot trading:
It is similar to the currency trading mode. No margin is required. They can be traded as spot trading.
High rate of utilization:
In spot transactions, when the amount of funds is large, the longer the transaction time span, the higher the cost of funds. When the amount of funds is small, the profit brought by fluctuations is too little. Trading ETFs can multiply returns and become an effective risk hedging tool.
No risk of liquidation:
Leveraged ETFs are operated and managed by DigiFinex's senior asset management team. The management team will dynamically rebalance the fund’s investment portfolio and automatically increase and decrease positions based on the profitability of the account to ensure that users will not experience liquidation.
Leveraged ETF allows users to use the mode of spot trading to enjoy the multiple benefits brought by futures contracts.
3. Example of leveraged ETF trading
Long:
User D is long on BTC in the near future, and he puts out 10,000 USDT to trade BTC3L (Bitcoin triples long). After a period of time, BTC will rise by 10%, leveraged ETF will rise by 90%, and finally the assets of D will rise from 10,000 US DT to 13,000 USDT. The income increases 3 times. If the ETF is not traded by leverage, the assets of D will only increase to 11,000 USDT.
Short:
User D is short on BTC recently and took out 10000 USD on limit transaction of BTC3S (Bitcoin triple short). After a period of time, BTC will fall by 10%, and leveraged ETF will rise by 90%. D’s assets will increase to 13,000 USDT. If D does not trade through leveraged ETFs, the assets of D will only increase to 11,000 USDT.
Loss:
If D buys ETF and BTC, the market moves in the reverse direction, D will lose 3 times, but the rebalancing mechanism will protect D from liquidation. Through the dynamic balance of the investment portfolio, immediate increases and decreases of positions can be conducted for risk control.
(Risk warning: If the direction judgment is wrong, there will be a risk of the price approaching zero under extreme market conditions.)
Trading Method
Official website: Homepage--Trade/Market--ETF
APP: Register and Log in to DigiFinex APP--Market--Chance--ETF
DigiFinex Team
July 8th, 2024
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DigiFinex (digifinex.com)DIGIFINEX LIMITED. Reserves all rights to this event, including but not limited to adjustment, explanation and termination at any time.
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