Short LyCI is a new financial product developed by Lykke and aimed at mirroring the aggregated performance of the cryptocurrency domain. Short LyCI offers regular investors an easy and low risk opportunity to make money out of price down moves; this is a first in the crypto market.
How does it work?
The product holds a direct connection to LyCI (Lykke Crypto Index). Short LyCI performs in the opposite to the index and LyCI service token way: any relative increase of the index results in the corresponding relative decrease of Short LyCI. One can think about LyCI and Short LyCI as about anti products: they follow the same index, but evolve in different directions. That is, 1% decrease of LyCI results in 1% increase of Short LyCI.