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Why Leveraged Tokens Lose Value Over Time
A 3x token tracks three times each daily move. Held through chop, it bleeds. Here is the rebalance math, a worked flat-market example, and a rule of thumb for when a perp beats the token.
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A 3x token tracks three times each daily move. Held through chop, it bleeds. Here is the rebalance math, a worked flat-market example, and a rule of thumb for when a perp beats the token.