The below table shows a comparison of the various features between Amun's tokens and the other two prominent leveraged token issuers in this space: Binance and FTX. As you can see in the table, there are several differences between Amun's Tokens and the tokens issued by Binance. While our tokens operate in a very similar manner to FTX, the primary difference between the two is that the pricing for FTX tokens comes from their exchange while we use a VWAP pricing mechanisms from a number of top exchanges in this space.
Amun | FTX | Binance | |
Tracks an underlying cryptocurrency | Yes | Yes | Yes |
Pricing source of underlying | Multiple exchanges | FTX Exchange | Binance Exchange |
Daily management fee | 0.003% | 0.003% | 0.001% |
Daily rebalancing | Yes | Yes | No |
Threshold rebalancing | Yes | Yes | Yes |
Leverage | Fixed | Fixed | Variable |
Withdraw-able from exchanges | Yes | Yes | No |
Creation mechanism for users | Yes | Yes | No |