The progress of the ETH2.0 deposit contract has reached 100%, and the genesis block will be launched as scheduled. Since the Ethereum team put forward the deposit contract launch plan, the price of Ethereum has soared all the way to new highs under the stimulus of this major positive. The ETF fund has soared by 400% in 15 days, becoming the most beautiful in the entire digital derivatives. kid.
On November 4, the Ethereum team released the highly anticipated ETH2.0 upgraded version v1.0 specification, which includes the mainnet launch plan and announced the deposit contract address. Users can pledge 32 ETH to the deposit contract address. Become a validator of the Ethereum 2.0 mainnet, provide block verification services for the entire 2.0 network, and enjoy the rights of pledge income. When the number of deposit contracts reaches 524,288, the 2.0 founding block agreement will be activated as scheduled, and Ethereum will also welcome An important milestone has come.
Today, the Ethereum deposit contract successfully received 524,288 ETH from more than 16,000 validators, meeting the minimum requirements for launching the Ethereum 2.0 genesis block. According to the agreement, the Ethereum 2.0 mainnet will be officially launched on December 1st. Start, now enter the final sprint preparation stage.
Since the Ethereum team released the ETH2.0 upgraded version v1.0 specification, Ethereum has skyrocketed from 380 U.S. dollars, and today it rose to 622 U.S. dollars, an increase of about 64%, pushing the current bull market to a new high. . The Ethereum ETF Fund (ETH3X) has risen from US$4 to nearly US$17 in the past half month, an increase of more than 400%. With the advancement of the Ethereum 2.0 mainnet, its price is bound to reach new highs.
The Ethereum ETF fund is an Ethereum digital asset derivative launched by BitOffer. It adds a fixed leverage on the original basis, because the product corresponds to a certain number of futures contract positions.
Features of BitOffer Ethereum ETF:
1. Support buying up and buying down
2. No margin
3. No liquidation mechanism
4. Low transaction fees
5. No fund management fee
It can be purchased and redeemed at any time or freely traded in the secondary market. It also adds an intelligent dynamic position adjustment mechanism and fund compound interest calculation. The income starts at a minimum of 3 times and can reach a maximum of 17 times.
For users who like to invest in Ethereum spot, it is more cost-effective to buy the Ethereum ETF foundation. Both have the same transaction method and can be bought and sold at any time. However, the return of the Ethereum ETF fund (ETH) is higher than that of the spot. Times more. For example, Ethereum has risen from 380 U.S. dollars to 622 U.S. dollars in the past half month, an increase of about 64%, but the Ethereum ETF fund (ETH3X) has increased by more than 400%, and the return is more than 5 times that of the spot. This is the net value of the fund plus compound interest calculation After the effect.
Compared with Ethereum's 3x long contract, the Ethereum ETF (ETH3X) fund, in addition to its income advantages, has the biggest feature that it has no liquidation mechanism and there is no risk of liquidation. For example, when Ethereum is 600 US dollars, if you go long Ethereum by 3 times, when Ethereum falls by more than 33%, your contract will reach zero and you will face huge losses. And if you buy the Ethereum ETF fund (ETH3X), even if Ethereum falls by more than 33%, your assets on the book will shrink and lose, but you will continue to hold any chance of a comeback.
By comparison, the Ethereum ETF fund (ETH3X) is significantly better than spot and equal leveraged contracts, with high returns and low risks, and is more suitable for investors. Especially in today’s bull market unilateral market, it uses a dynamic position adjustment mechanism. And fund compound interest calculation can maximize the return.