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Understanding Strike Token Indicators
AlphaX offers users some indicators to help user evaluate the best Strike Tokens that suit their investment strategies.
- 1.Price: On AlphaX, there are Market price (M) and Oracle price (O). Users will buy and sell tokens at market price, but mint or redeem Strike Tokens at Oracle price.
- 2.Premium/Discount: Difference between Market price (M) and Oracle price (O), using Oracle price as a baseline which is calculated from (M-O)/O.
- When Market price is higher than Oracle price (M>O), the AlphaX will show Premium of more than 0% (>0%).
- When Market price is lower than Oracle price (M<O), AlphaX will show Discount of less than 0% (<0%).
- 3.Capital Efficiency: How much more capital efficient when buying a Strike Token instead of the real asset. Calculated from Asset price/Strike Token price. Hence, the percentage gain/loss for the Strike token = Asset price percentage gain/loss*capital efficiency
- 4.Risk Level: This shows a Strike Token’s risk of being liquidated calculated from Liquidation Price/Market Price. The higher the Risk Level means the closer to liquidation as demonstrated by the battery level and color.
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