1X Short DeFi Index Token (DEFIHEDGE)
Details about 1X Short DeFi Index Token cryptocurrency
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https://ftx.com/tokens/DEFIHEDGE
1X Short DeFi Index Token price charts
DEFIHEDGE exchanges
1X Short DeFi Index Token, the crypto
1X Short DeFi Index Token (DEFIHEDGE) is a cryptocurrency token that aims to provide users with short exposure to the decentralized finance (DeFi) market. It works by tracking the inverse price movements of the DeFi Pulse Index (DPI), which represents a basket of major DeFi tokens.
The point
The main point of 1X Short DeFi Index Token (DEFIHEDGE) is to offer a hedging tool for traders and investors who want to profit from a potential downturn in the DeFi market. By taking short positions on DPI, users can earn profits if the value of the DeFi tokens in the index falls.
The problem
1X Short DeFi Index Token (DEFIHEDGE) tries to solve the problem of market volatility in the DeFi space. The value of DeFi tokens can be subject to significant price swings due to a variety of factors, including market sentiment, network effects, regulatory changes, and hacking incidents. By providing a means to take short positions on DPI, users can potentially protect themselves against losses caused by these fluctuations.
Compare DEFIHEDGE and BTC performance
Timeframe | DEFIHEDGE | BTC |
---|---|---|
1h change | 0 % | -0.434243 % |
24h change | -4.34 % | 0.748949 % |
7 day change | -21.64 % | 6.28102 % |
14 day change | -10.03 % | 4.81165 % |
30 day change | -30.09 % | 23.3841 % |
200 day change | -89.28 % | 170.377 % |
Year change | 0 % | 155.76 % |