Hyperliquid just launched the WLFI-USD contract, allowing 3x leverage on the soon-to-be-released WLFI Token.
This new product allows investors to open long or short positions on the WLFI Token, even though this Token has not officially launched in the market.
MAIN CONTENT
Hyperliquid announced the WLFI-USD contract with 3x leverage on platform X.
Investors can place long or short orders on the unreleased WLFI Token.
The product expands trading options for cryptocurrency users before the Token release.
How did Hyperliquid introduce the WLFI-USD contract?
Hyperliquid announced on social platform X on August 30, 2024, about the launch of the WLFI-USD contract allowing trading with leverage on the unreleased WLFI Token. This is a pre-release contract, supporting a leverage level of 3x for both long and short positions.
This product allows investors to seize trading opportunities on the new Token right from the pre-release stage, expanding liquidity and diversifying investment strategies.
What prominent features does this contract support for investors?
WLFI-USD allows 3x leverage, enhancing profit potential when accurately predicting the future rise or fall of the WLFI Token. Additionally, investors can open short positions, short-selling yet-to-be-released Tokens, which is often limited in traditional products.
3x leverage is a common level in the cryptocurrency market to balance trading efficiency and risk. Supporting both long and short positions allows players to take advantage of any price fluctuations, regardless of whether the market is rising or falling.
What is the significance of this contract's release in the cryptocurrency market?
The introduction of the WLFI-USD leverage contract facilitates derivative trading on the new Token just before its release, helping users access and exploit opportunities from the price volatility of the WLFI Token early. This also indicates the diverse development of financial products within the cryptocurrency ecosystem.
Through this, Hyperliquid affirms its pioneering position in designing smart contracts that support flexible trading strategies, contributing to liquidity growth and transparency in the cryptocurrency market.
Frequently Asked Questions
What is WLFI Token?
WLFI is a new Token soon to be launched in the cryptocurrency market, currently in the pre-release phase.
What does 3x leverage mean?
3x leverage allows investors to use three times their capital for trading, increasing profits or risks accordingly.
Can positions be opened for buying and selling on the WLFI-USD contract?
Yes, investors are allowed to open long (buy) or short (sell) positions on the WLFI-USD contract to take advantage of any price fluctuations of the WLFI Token.
On which platform has the WLFI-USD contract officially been traded?
The contract was announced by Hyperliquid on platform X, providing leverage trading features for the unreleased WLFI Token.
What are the advantages of the WLFI-USD pre-release contract?
The contract allows early access to the new Token with many leverage trading opportunities and diverse strategies in the cryptocurrency environment.
Source: https://tintucbitcoin.com/hyperliquid-ra-mat-hop-dong-wlfi-usd-moi/
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