Recently, Injective gave a sample of what its made off with the first ever $BUIDL Index that tracks the size of BlackRock's $BUIDL Fund.
A first ever perpetual market with leverage! 🏗️
The perp brings fully 24/7 exposure for tokenized assets like U.S. treasuries. And thanks to the index perpetual market features from native Dexes like Helixapp traders can leverage!
This is how it works:
The index market tracks the underlying supply of the fund instead of creating an asset that tracks the price of the underlying asset.
If the supply of BUIDL rises, the price of the index and same if falls.
The index is based on the fund’s mark price and with intraday fluctuations. Reflecting price changes with a 1-hour TWAP to eliminate short-term volatility.
Thanks!
Dont forget to visit the HelixApp_ $BUILD trading at:
helixapp . com
