About the coin

TLX is a decentralized platform that operates on the Optimism network, providing users with the ability to engage in leveraged trading without the need for a custodian. It is designed to offer a seamless experience for minting and redeeming leveraged tokens (LTs), which are financial instruments that allow traders to amplify their exposure to various assets.

Main features

The platform supports over 50 different assets, giving users a wide range of options to choose from. One of the standout features of TLX is its ability to offer up to 20x leverage, enabling traders to potentially increase their returns significantly. This is achieved through the use of Synthetix perpetual futures contracts, which back all leveraged tokens on the platform.

How it works

Users can mint leveraged tokens by depositing collateral into the TLX platform. The platform then uses this collateral to create a leveraged position in the desired asset. The process is entirely permissionless and non-custodial, meaning that users retain control over their funds at all times. When users wish to exit their positions, they can redeem their leveraged tokens for the underlying assets, effectively closing their leveraged trades.