Backed by Direxion's SPXL — 3× daily S&P 500 exposure, on-chain.

SPX3L is a SHIFT token — a 3× position on SPXL, tokenized on Solana. Hold it in any wallet, use it as collateral in DeFi, or redeem it 24/7 against the underlying ETF. Custody is held by Alpaca Markets; reserves are verified continuously via Chainlink Proof of Reserves. Like all leveraged products, SPX3L targets daily returns — compounding over multiple days can diverge significantly from the simple multiple. Not investment advice.

The important part: these products target daily returns, not long-term returns. Because of daily reset and compounding, holding them for more than one day can produce results that differ a lot from simply “2x Tesla” or “-2x Tesla.” Direxion explicitly warns that longer holding periods and higher volatility can materially affect performance.