{
    "success": true,
    "data": {
        "leverage": true,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "synthethic",
        "ucits": false,
        "type": "ETP",
        "complex_factors": [
            "Leverage",
            "Swaps",
            "Complex Underlying Index (Solactive Daily Leveraged 3x Long Tesla Inc Index)"
        ],
        "classification": "complex",
        "supporting_data": "The product, GraniteShares 3x Long Tesla Daily ETP, is backed by a swap with Natixis. This use of derivatives, specifically swaps, automatically classifies the product as complex. The underlying index, Solactive Daily Leveraged 3x Long Tesla Inc Index, is designed to replicate 3x the daily performance of Tesla Inc. This inherent leverage and the daily reset mechanism introducing compounding effects create complexity for retail investors to understand. The document itself includes a comprehension alert: 'You are about to purchase a product that is not simple and may be difficult to understand.' The 7/7 risk indicator further emphasizes the significant risk involved, which is not solely due to market volatility but stems from the product's complex structure (leveraged replication relying on daily resets and swaps)."
    }
}