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Binance DEX FTX Leveraged Tokens (BULL BEAR ETHBULL ETHBEAR)

Binance

Cryptocoins Exchanges / Binance 298 Views

Does anyone know how the peg for these BEP2 tokens is supposed to be maintained to the value of the ERC-20 token on FTX? Clearly the mechanism, if it exists, is not working - for example today ETHBULL is trading at $3729 on Binance DEX but $2477 on FTX.

Obviously I would love to arbitrage this, but I'm guessing this is not possible (no BEP2 withdrawal from FTX, it it were possible then everyone else would have done it). Does Binance or FTX have ability to execute the arbitrage or is the price of BEP-2 ETHBULL just free floating? (which would make purchasing it pointless).

submitted by /u/spruce_g00se
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