What is HODL.money?
HODL.money is a way to double down on your long term price target for ETH.
To accomplish this, the protocol offers two complementary derivative tokens:
Go long with plETH. You can buy plETH at a lower price than ETH, and redeem it for ETH at a specific unlock price. It is a leveraged long position on ETH price.
Go short and leverage yield with ybETH. This is the complementary token to plETH, and it receives staking yield until the unlock price. It is effectively a short position on ETH price.
The plETH token gives a unique leverage mechanism distinct from options and perpetuals: it has no expiry, and it does not have a liquidation risk.
The ybETH token is the counterpart to plETH. It collects staking yield until the unlock price is reached, enabling leveraged yield farming and a short position on ETH.
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