1X Short DeFi Index price is $216.54
The current price of 1X Short DeFi Index (DEFIHEDGE) is $ 216.54. In the last 24 hours, the price has increased by +0.00%.
1X Short DeFi Index (DEFIHEDGE) is a financial instrument in the cryptocurrency market, designed to provide inverse exposure to a basket of decentralized finance (DeFi) tokens. It is structured to move in the opposite direction of the DeFi sector, meaning if DeFi tokens collectively go down in price, the value of 1X Short DeFi Index should increase, and vice versa.
The 1X Short DeFi Index typically operates by using derivatives, such as futures contracts, to achieve its goal of inversely tracking the performance of a specified DeFi index. This allows traders to speculate on the decline of DeFi markets without needing to directly short sell individual DeFi tokens.
The performance of the 1X Short DeFi Index is calculated based on the inverse movements of its underlying DeFi assets. If the underlying DeFi index drops by 1%, the 1X Short DeFi Index should increase by 1%, not accounting for fees and other factors such as slippage.
Like all short positions, 1X Short DeFi Index (DEFIHEDGE) carries certain risks. It is important to understand that if the underlying DeFi index increases in value, the value of DEFIHEDGE will decrease. Moreover, because it involves derivatives, it may be affected by liquidity issues, leverage risks, and volatility of the DeFi market.
Since the 1X Short DeFi Index is designed to inversely mirror the performance of a specific DeFi index, its value moves opposite to the market movements of that DeFi index. This product is typically used by traders who expect a decline in the DeFi sector or want to hedge their DeFi exposure.
Although specific exchange information is not provided, the 1X Short DeFi Index can typically be tracked on various cryptocurrency tracking websites. These platforms will provide up-to-date pricing, volume, and ranking information.
1X Short DeFi Index (DEFIHEDGE) can be purchased on the cryptocurrency exchanges where it is listed. However, as it is a niche financial product, it may not be as widely available as more conventional cryptocurrencies.
Ensuring the safety of any investment in cryptocurrency, such as the 1X Short DeFi Index, involves taking appropriate security measures. This includes using reputable exchanges, employing strong passwords, enabling two-factor authentication, and storing assets in secure wallets. It’s important also to stay informed about market conditions, as short indices can be more volatile and sensitive to sudden market movements.
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