Injective launches GPU rental index perpetuals with up to 10x leverage

Injective has launched a perpetual futures market tracking rental prices for five Nvidia GPUs, offering up to 10x leverage against its new Super Intelligence Compute Index. Injective’s SICI perpetual market offers up to 10x leverage, with USDC used as margin. H100 rentals carry a 40% weighting in the index’s basket of five Nvidia GPUs. LO:TECH calculates the benchmark hourly using a seven-day average of weighted rental-price data. Index methodology changes will create separate versions without replacing the existing live series. Injective said in its Oct.

Source: crypto.news