LongX launched an actively managed basket, with the first product being AI Nexus

The leverage position protocol LongX announced the launch of Actively Managed Baskets. This product allows the community to hold relevant economic rights and packages any leveraged long and short positions into a one-click tradable spot ERC20 token. LongX stated that LongX Baskets are a new primitive that offers complete programmability not available in leveraged ETFs or spot indices.

The first basket is AI Nexus, which goes long on leading artificial intelligence companies such as Nvidia, AI, and OpenAI, while shorting QQQ to hedge the overall tech sector. The AI Nexus pairing model has been launched on LONG. LongX plans to introduce community management features next week, allowing AI holders to decide on the composition of the basket and other matters. Based on pilot results, the project also plans to launch baskets for more leading trading pairs on LONG according to subsequently announced transparent standards, and a deep dive interpretation will be released soon, with a related simplified white paper attached to the tweet.