RISE Token (2X Long Token)
2x Long Token or TOKENRISE is a type of Fuse Leveraged Token that represent 2x Long leveraged position.
RISE Token (2x Long token) is ERC20 tokens that represents 1.7x-2.5x long exposure to specified collateral in Rari Fuse Pool. It simplify the process of opening, managing, closing leveraged long position and protect users from the liquidation.
It is responsible for:
- User can buy the RISE Token to open new leveraged position
- User can sell the RISE Token to close leveraged position
- Market Maker can execute the rebalance in exchange for a discount