BNBRISE & BNBDROP are live on Risedle

Yesterday, we launched BNBRISE and BNBDROP, the first leveraged tokens built on top of Fuse that is maintained by Midas Capital on BNB Smart Chain.

BNBRISE and BNBDROP are derivatives products with no margin or liquidation risks. It provides you with leveraged long and short exposure to the BNB token, which may amplify profitability and potential losses:

  • If BNB price goes up 5% 🟢, then:
    • BNBRISE price will up 10% 🟢
    • BNBDROP price will down 10% 🔴
  • If BNB price goes down 5% 🔴, then:
    • BNBRISE price will down 10% 🔴
    • BNBDROP price will up 10% 🟢

BNBRISE and BNBDROP are backed by BNB and BUSD token and can be redeemed at anytime.

Due to the rebalancing mechanism, the BNBRISE and BNBDROP are more suitable for short-term investment in a one-sided market. In a volatile market, the actual leverage may frequently exceed the target leverage range. This means that the rebalancing mechanism will be triggered accordingly in order to maintain leverage within the target range. Thus, BNBRISE and BNBDROP are not suitable for long-term investments.

Historical data for price and backings are directly available on Risedle app. Anyone can access full historical data via Risedle FLT BSC Subgraph.

Last 30 days historical price
Last 30 days historical price
Last 14 days historical backings
Last 14 days historical backings

Start trading now!

Risedle Labs provide easy-to-use interface to trade the BNBRISE and BNBDROP.

Go ahead and start trading now:

About Midas Capital

Midas Capital is bringing isolated and customizable money markets to EVM-compatible blockchains. Enabling users, DAOs, and protocols to create customized and isolated pools for lending and borrowing any asset, Midas is building a cross-chain ecosystem that democratizes money markets. Pool creators have the flexibility to modify pool parameters (interest rate curves, oracles, collateral factors, pool fee, etc.) according to their risk appetite. With isolated pools, Midas offers stellar features for both large-scale institutions, protocols, and traditional investors.

About Risedle Protocol

Risedle is a decentralized leveraged token trading protocol. It aims to simplify the process of opening, managing, closing leveraged position and protect users from liquidation. By letting users mint leveraged tokens, Risedle can helps users to enjoy leveraged gains by simply holding a token and eliminate the intricacies of managing a conventional leveraged position as users are not required to maintain margin or their position health ratio.

About Risedle Labs

We are core contributors of the Risedle Protocol.

Website | Documentation | Twitter | Discord

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