Amun Ether 3x Daily Short (ETH3S)

Amun Ether 3x Daily Short (ticker: ETH3S) is a coin offered by Amun. It is designed for investors who want to take a short position on the Ethereum (ETH) price using leverage. The coin aims to provide three times the inverse daily return of ETH. This means that if the price of ETH decreases by 1% in a day, the value of ETH3S is expected to increase by 3%.

Amun Ether 3x Daily Short is part of Amun’s suite of DeFi Index Tokens, which includes other tokens such as the DeFi Index Token and the Polygon Ecosystem Index. These tokens provide investors with diversified exposure to various sectors of the cryptocurrency market.

It’s important to note that Amun Ether 3x Daily Short is a leveraged product unsuitable for all investors. Leverage amplifies gains and losses, so investors should consider their risk tolerance before investing in this coin. Additionally, as with all investments, past performance does not indicate future results.