Token Symbol: LDO5L

Brief:
Lido (LDO) is a liquid staking solution for Beacon chain backed by industry-leading staking providers. Lido lets users stake their ETH - without locking assets or maintaining infrastructure - whilst participating in on-chain activities, e.g. lending.

LDO5L is a leveraged token that goes long on LDO with 5x leverage, which means that for every increase in the price of LDO in the market, the leveraged LDO token seeks a 5x increase in its price. LDO5L 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 LDO goes up by 1%.

Due to such rebalancing and investment costs, LDO5L 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.

Official Website:https://stake.lido.fi/
Whitepaper:https://lido.fi/static/Lido:Ethereum-Liquid-Staking.pdf

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.