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How to use WhaleFin Dual Currency

By Amber Group 08/09/2023, 3 min read time

WhaleFin Dual Currency

WhaleFin Dual Currency is a short-term investment vehicle designed to capitalize on investment opportunities and maximize yield during market fluctuations and volatility.

 

It includes two investment options: Buy-Low and Sell-High

 

Buy-Low Dual Currency

The Buy-Low position allows investors to buy digital assets at a lower price in the future while simultaneously earning interest.

 

Stablecoin (USDT or USDⓢ) is used to buy another asset (BTC or ETH) at the desired price if the market price of the target asset reaches the target price on the desired date in the future. Investors can customize the tenor from 1–180 days, with a minimum investment of 100 USDT/USDⓢ.

 

Sell-High Dual Currency

The Sell-High position allows investors to sell digital assets at a higher price in the future while simultaneously earning interest.

 

Spot digital assets in an investor’s portfolio (BTC or ETH) are invested and sold at the desired price if the market price reaches the target price on the desired date in the future. Investors can customize the tenor from 1–180 days, with a minimum investment of 0.01 BTC/0.1 ETH.

 

 

How are returns calculated?

The potential return varies depending on whether the Strike Price or Target Price has been reached or not.

 

  • Strike price — The price at which the investor wants to buy or sell a digital asset.

  • Investment amount — Amount deposited when subscribing to Dual Currency.

  • Maturity / Tenor — Date when the investor wants to buy or sell the selected digital asset.

  • Annual percentage rate (APR) — The annualized interest rate that the investor will earn depending on the strike price and tenor selected. Please note that the daily effective return is calculated as APR divided by 365 days.

  • Earned Interest — Calculated as Investment Amount x (APY% x Tenor (in days) / 365)

  • Settlement Price — Market price on the maturity date.

 

Note: The market price of the linked asset BTC/ETH is calculated as the average value of the price index 30 minutes before 16:00 (UTC+8) on the expiry day, and the settlement currency is determined according to the comparison of the target price and the market price. Yield will be distributed after the expiry date with automatic settlement to the available balance of the wallet within 24 hours. This product does not support early redemption. The Dual Currency Product is not principal protected. You may lose a part or the entirety of your investment principal due to market conditions. Past performance is not an indication of future returns.

 

 

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