Leveraged tokens can actually outperform perps.
Here’s what I mean: when you open a normal 5x long and the trade starts going your way, your effective leverage slowly drops as your margin grows.
Let's analyze
$ZEC as an example over the past month:
• Spot $ZEC: +148.44%.
• Simulated 5x leveraged $ZEC perp: +742.21%.
• $ZEC5L leveraged token: +2,709.70%.
That extra 1,967.49 percentage points came from staying closer to 5x while ZEC kept moving higher.
With @BounceTech, you buy ZEC5L using USDC, and the protocol uses that backing capital to run and rebalance the underlying $ZEC perp position on