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TLX

(Acquired)

A leveraged token protocol built on Synthetix

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This content is generated by RD AI and is for reference only

TLX is a permissionless, non-custodial leveraged token protocol built on Optimism. It uses the Synthetix Perps V2 engine to mint user-deposited sUSD into ERC-20 leveraged tokens backed by perpetual futures, offering up to 20x long/short exposure to an underlying asset. Users connect a wallet, choose asset, direction, leverage, and margin to mint, or redeem via Portfolio. When triggered, keepers such as Chainlink Automation dynamically adjust borrowed amounts to keep the leverage factor within a target range, so holders do not need to manage margin. The tokens are transferable, composable, and integrate with the broader DeFi ecosystem.

Ecosystem(1):
Founded:
2023

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