The leveraged tokens protocol is finally here. TLX is now live on Optimism Mainnet! Launch details can be summarized by the following points:

Last week the TLX governance token was deployed. The deployment of TLX signified the first step in a decentralized and governance-first approach to launching the TLX protocol. With the TLX protocol now expected to go live 3-5 weeks from now, it's time to put governance to work.

At block 118587933 on Optimism Mainnet the $TLX governance token was deployed. With claiming now live, users should read this article which can be summarized:

The $TLX token generation event is expected to occur roughly 1 week from now and can be summarized by the following points:

Leveraged tokens and perpetual futures represent two distinct approaches to achieving leveraged exposure. At the heart of leveraged tokens' unique behavior lies their rebalancing mechanism, designed to maintain leverage within a targeted range. This contrasts with perpetual futures, where the leverage factor fluctuates in tandem with the price movements of the underlying asset.

TLX is a leveraged tokens protocol that enables users to mint and redeem leveraged tokens for over 50 assets with up to 20x leverage. Built on Optimism and backed by Synthetix perps, TLX pilots the next generation of leveraged tokens in DeFi. Where gaining leveraged exposure to a wide range of assets is as simple as one click.