rewrite this title Synthetix Launches New Leveraged Tokens With OP and USDC Rewards

After a second successful acquisition, Synthetix has fast-tracked and launched its newest derivatives product, Synthetix Leveraged Tokens, designed to simplify access to leverage in crypto markets. Highlights include a new deployment on Base with Synthetix V3, a range of new leveraged tokens, and an incentive campaign to celebrate the launch. 

What are Leveraged Tokens?

Leveraged tokens are ERC-20 tokens that offer leveraged exposure to an underlying asset while maintaining the leverage factor within a targeted range. In contrast to conventional perpetual futures, leveraged tokens are transferable, auto-rebalancing, non-liquidating, and require no margin management by the holder. 

Leveraged tokens make leveraged long or short exposure to crypto assets as easy as possible. Traders can simply select their asset of choice, whether to go long or short, their desired leverage factor, and mint the token. Leveraged tokens will either gain or lose value depending on the underlying asset movement from the time of minting and can be redeemed at any time for USDC or sUSD. To learn more about Synthetix Leveraged Tokens, see our docs or our recent explainer article.

Product Lineup

V2 OP Leveraged Tokens

Long and short:

BTC 1, 2, 3, 4, 5, 7xETH 1, 2, 3, 4, 5, 7xSOL 1, 2, 3, 4, 5xPEPE 2, 5xLINK 2, 5xETH/BTC 2, 5, 10x DOGE 2, 5xRUNE 2, 5x OP 2, 5x SUI 2, 5x SEI 2, 5x 

V3 Base Leveraged Tokens

Long only, with short coming soon:

BTC 3xETH 3xSOL 3xXRP 3xTRUMP 3xPEPE 3xWIF 3xDOGE 3xFART 3xBONK 3x

A five-week incentive campaign to commemorate the launch of Synthetix Leveraged Tokens begins today. 

USDC and OP Rewards

A total of 150,000 USDC and 75,000 OP will be distributed pro-rata over five weeks according to fees paid while minting and redeeming Leveraged Tokens. 

To participate, simply mint Synthetix Leveraged Tokens of any size during the promotional period, Jan. 21st 00:00 UTC – Feb. 25th. At the end of each week, rewards earned will be claimable via the Rewards tab. These rewards will remain claimable for a period of 28 days after the end of the Rally.

For full details, see: https://blog.synthetix.io/synthetix-leveraged-token-rally/

Visit https://leverage.synthetix.io/ to get started with Synthetix Leveraged Tokens and earn your share of the rewards.

For all updates regarding Leveraged Tokens, join the Synthetix Discord and follow Synthetix on X and Telegram.