How SHIFT actually works.
Tokenized leveraged stocks with daily-reset multiples and zero liquidation risk. Below: a live simulator, a perp-vs-SHIFT side-by-side, the rebalance clock, and the protocol architecture — followed by the full Gitbook for protocol-level detail.
See leverage compound
Drag the volatility. Watch 3× compound — long & short.
30-day path of SOXX vs SHIFT SOX3L (3× long) and SOX3S (3× short) under daily rebalancing. Illustrative — past performance is not indicative of future returns.
Illustrative simulation using a deterministic random walk. Real markets include skew, kurtosis, gaps, and overnight risk. Use this as intuition for how daily-rebalanced leverage compounds — not a forecast.
Same wick, different outcome
The perp dies at the bottom. SHIFT survives — long or short.
All three take 3× exposure to SOXX over 30 days. A 3× perp gets liquidated mid-drawdown. SHIFT SOX3L (3× long) and SOX3S (3× short) have no liquidation engine — they ride the same volatility from opposite sides and stay alive through the cycle.
The rebalance, visualized
Leverage drifts. The protocol snaps it back, every day.
Between rebalances, price moves nudge the effective multiple off target. At 4 PM ET the smart contract resets the underlying exposure so the token tracks 3× the next day's underlying again.
Custody → oracle → contract → wallet → DeFi
From custody to your wallet, in one path.
Tap any node to expand. Mint pulses show how each block of state propagates.
The underlying ETF (e.g. Direxion TSLL) is bought and custodied at Alpaca Markets, a FINRA-registered, SEC-regulated broker-dealer. Holdings sit in segregated brokerage accounts, not on the protocol's balance sheet.
The protocol at a glance
Per trade. Up to 50% rebate with rewards badge.
Burn → USDC, typical settlement on trading days.
On-chain, permissionless, never closed.
No liquidation engine. NAV can drop, never auto-close.