TEETER
Updated 63 days ago
A leveraged token starting at 3x,although the exact return and exposure are several times that of the underlying.These xTOKENs represents the share of the subordinated tranche... In most cases,bTOKENs guarantees the principal and interest in base currency(e.g.USDT).bTOKENs likewise represent the share of the senior tranche... teeter is an DeFi derivative protocol, which uses structured fund model to create a robust USD-denominated Bond and a Leveraged Token based on spot of any token. In the teeter protocol, users can purchase funds of the senior tranche to get a fixed return on investment or purchase funds of the subordinated tranche to get x times return. The senior tranche is an A-grade USD-denominated bond which essentially guarantees the principal along with interest in most cases. The subordinated tranche is a leveraged token which can trade on other exchanges, should the user decide to do so. In the teeter protocol, the senior tranche issues what we call bTOKENs, while the..