> For the complete documentation index, see [llms.txt](https://docs.bounce.tech/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.bounce.tech/more/faq.md).

# FAQ

<details>

<summary>How are leveraged tokens different than perpetual futures?</summary>

The primary differentiator to perpetual futures is that leveraged tokens maintain their leverage factor within a target range. They achieve this by reactively rebalancing the amount of borrowed funds.

</details>

<details>

<summary>Why should I use leveraged tokens instead of perps</summary>

In most situations, LTs and perps have similar performance. However, unlike perps, leveraged tokens do not required margin management, are non-liquidating, and maintain a constant leverage factor. For many users, LTs provide a more comfortable way to trade with leverage. <br>

</details>

<details>

<summary>Can leveraged tokens liquidate in extreme cases? </summary>

Yes, in theory, leveraged tokens can face liquidation if the automation layer cannot rebalance a position quickly enough in response to sudden extreme volatility. In the case of a liquidation, the value of a leveraged token would become zero, and a new leveraged token contract would be deployed.

</details>

<details>

<summary>Why was my ROI lower than I expected it to be? </summary>

Users may encounter a lower than expected return on investment (ROI) due to factors such as time decay (holding LTs for longer periods than normal), volatility decay, and abnormally high funding rates.&#x20;

</details>

<details>

<summary>Can I get a referral link?</summary>

Referral links are distributed to a limited number of contributors and community members. If you're interested in becoming a referrer please refer to the referral program section of the docs.

</details>

<details>

<summary>Can I trade leveraged tokens on secondary markets? </summary>

Yes, leveraged tokens, being built on the ERC-20 token standard, are tradable on secondary marketplaces. However, this is dependent upon sufficient liquidity in the respective Decentralized Exchange (DEX).

</details>

<details>

<summary>Why are my transactions so slow? </summary>

It is likely that your wallet is on `Big Block Mode`. Ensure that your HyperEVM wallet is set to `Small Block Mode` for fast transactions. You can change modes [here](https://hyperevm-block-toggle.vercel.app/).

</details>


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://docs.bounce.tech/more/faq.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.