I have been using Smart Alpha for over a month, as a junior on the Eth pool. And I can not make make sense of the leverage.
My positions seem to be amplified by only 4x, not the 17x. It is not adding up for me. I do not understand how exactly the leverage is being calculated.
From what I understood if Eth went up by $1, then with 17x leverage then the juniors would get $17. So I am trying to figure out how the x17 leverage calculation. fits in.