# 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. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.hodl.money/introduction/what-is-hodl.money.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.