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PYTHDOWN Information Disclosure
PYTHDOWN
Go 2-4x short on PYTH
3.3425 USDT
Net Asset Value
3.5383 USDT
Last Price
Product Information
Transaction rules
| Name | PYTHDOWN |
| Assets Under Management | 51575.799718927738USDT |
| Basket | -1,286,277.588126 PYTHUSDTM Futures |
| Issued Size | 15990.51271747 |
| Leverage (Target/Actual) | 2.00-4.00x / 2.8366x |
| Management Fee Per Day | 0.045% |
| Regular Rebalance | When the leverage goes outside of the 2x-4x range, rebalancing is performed. |
| Irregular Rebalance | When PYTH increases by 12%, the position will be rebalanced. |
Introduction
PYTHDOWN is a leveraged token that goes 2-4x short the PYTH via futures trading. By means of leverage and the rebalancing of the asset base, when the PYTH price drops 1%, the net asset value of PYTHDOWN will rise by 2-4%.
Due to the rebalancing mechanism, the NAV of the leveraged token may be worn in the price volatility. It is recommended that you do not hold the leveraged token for long periods of time to control for risks.
When ETF shares merge, the number of shares you hold will be reduced to 1/1000 of the original quantity (assuming a 1000:1 consolidation). The price of each ETF share will increase by a factor of 1000, while the total value of your ETF holdings remains the same. Please note that trading will be temporarily suspended during consolidation.
Rebalance History
| Time | Basket (Before Rebalancing) | Basket (After Rebalancing) | Leverage (Before Rebalancing) | Leverage (After Rebalancing) |
|---|
| 07/11/2025 05:50 | -1719091.998341 PYTHUSDTM | -1286277.588126 PYTHUSDTM | 4.0095x | 3x |
| 07/10/2025 21:43 | -2305037.418384 PYTHUSDTM | -1719091.998341 PYTHUSDTM | 4.0225x | 2.9949x |
| 07/02/2025 16:19 | -3087050.394782 PYTHUSDTM | -2305037.418384 PYTHUSDTM | 4.0178x | 2.9997x |
| 07/01/2025 17:03 | -2057588.223003 PYTHUSDTM | -3087050.394782 PYTHUSDTM | 1.9996x | 3x |
| 06/29/2025 23:25 | -2792999.414457 PYTHUSDTM | -2057588.223003 PYTHUSDTM | 4.0722x | 3.0082x |
| 06/29/2025 22:03 | -3741703.12896 PYTHUSDTM | -2792999.414457 PYTHUSDTM | 4.019x | 3.0026x |
| 06/24/2025 05:16 | -4991827.975795 PYTHUSDTM | -3741703.12896 PYTHUSDTM | 4.0023x | 3.0012x |
| 06/23/2025 19:37 | -6671333.101866 PYTHUSDTM | -4991827.975795 PYTHUSDTM | 4.0094x | 2.9934x |
| 06/22/2025 13:17 | -4414851.572693 PYTHUSDTM | -6671333.101866 PYTHUSDTM | 1.9853x | 2.9955x |
| 06/18/2025 10:43 | -2942560.691216 PYTHUSDTM | -4414851.572693 PYTHUSDTM | 1.9995x | 2.996x |