Token Symbol: REN5L

Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms.

REN5L is a leveraged token that goes long on REN with 5x leverage, which means that for every increase in the price of REN in the market, the leveraged REN token seeks a 5x increase in its price. REN5L is required to maintain its target leverage and does so through dynamic rebalancing to gain a net value increase by 5% when the price of REN goes up by 1%.

Due to such rebalancing and investment costs, REN5L may suffer a net value loss when the market fluctuates. Please note, AscendEX’s leveraged tokens are not suitable for long-term investment. Investors must be cautious while investing in leveraged tokens and manage their investment risks in a timely manner.

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Risk Disclosure:
Leveraged tokens differ from regular tokens for spot trading in that there is higher risk and volatility, which could bring about great returns or losses in a single day. Please learn more about leveraged tokens in our help center before making an investment.