Every lev token is a downward staircase

Answer

Long term holding lev token will likely lose its value unless you’re in a streak of winning

Btc price 10k, +10% +20% -30% -10%
Would be 6000

Btc3L would be 13000-20800-2080 -1400

Dont use leverage token if you plan for hold unless you sure it would be long streak ahead, like doge last month

You can always check the details of basket position including current leverage and last rebalancing

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