TLDR
FLI tokens create leverage by depositing collateral into a decentralized lending protocol (like Compound) and taking out debt that is then swapped for more of the collateral, thereby increasing exposure to the underlying collateral asset.
Every 24 hours, based on price changes of the underlying asset, the smart contracts managing the FLI tokens will buy or sell additional quantities of the underlying asset to rebalance towards the Target Leverage Ratio. via the TL;DR App
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