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What is LINKETH 2x Token?

Beverage Finance is building decentralized leverage tokens on top of Set Protocol.

Full description of LINKETH 2x Token

Beverage Finance is building Decentralized (?) leverage tokens on top of Set Protocol. The LINK ETH 2x Beverage Token (?) (LINKETHMOON) is a type of collateralized loan product that give you leveraged exposure to the underlying asset, LINK while Shorting (?) ETH as a hedge. Like other tokens, leveraged tokens can be traded on the spot market. Each leveraged token represents one Aave collateral and one variable debt position. The price of a leveraged token moves along with price changes in the underlying collateral, and the leverage level moves up and down accordingly.
  • Exchange symbol (?): LINKETHMOON
  • Cryptocurrency type (?): Token (?)

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 Source: NOMICS