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Basics

What Is Short Token (S Token)?

A token that gains value when the underlying asset price decreases.

Definition

A Short token represents bearish exposure to an asset. When the underlying price falls, the Short token value increases proportionally. In Continuum, Short tokens are always minted alongside Long tokens.

How It Works

Short tokens move inversely to the oracle price. If you hold GOLD-S and gold drops 10%, your token value increases. The value gained comes from the paired Long token losing value.

In Continuum

Short tokens enable bearish positions without borrowing. Mint L/S tokens, sell the L token on a DEX, and hold S for downside exposure. Perfect for hedging or bearish speculation.

Related Terms

Long Token (L Token)

A token that gains value when the underlying asset price increases.

Synthetic Asset

A token that tracks the price of another asset without requiring ownership of the underlying.

More Basics Terms

Synthetic AssetLong Token (L Token)CollateralRedemption

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