🧐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.