Popular DeFi token Kyber Network(KNC) announced that they are going to launch KyberDAO, which is based on DAOstack on 07/07/2020.
Pionex also published the KNC leveraged tokens, including KNC3L(3× Long), KNC3S(3× Short), KNC1S(1× Short). The KNC3L has increased by 34.2% yesterday because of the good news.
Pionex's self-developed leveraged tokens utilize floating leverages, and canceled the daily rebalancing mechanism. Compared to the traditional leveraged tokens, Pionex's ones can help you make more profit. The BTC and ETH leveraged tokens are never rebalanced after it's published in June.