Buy Crypto
Pay with
Markets
NFT
New
Downloads
English
USD
Support Center
Announcement
Latest News

Binance Pool Launches Dual Savings Products for BTC & BUSD

Binance
2020-08-20 06:40
Fellow Binancians,
Binance Pool is launching a new Dual Savings product on 2020/08/20 (UTC) for BTC & BUSD.
What is Dual Savings?
Dual Savings is a type of financial product that offers non-guaranteed floating earnings, allowing users to obtain the highest possible earnings while satisfying their digital asset risk management needs.
Dual Savings Product Details (Subscribe now)
Digital Asset
Annualized interest rate
Strike price (USD)
Limit
Delivery date
BTC
14.24%
$13,000
40 BTC
2020/08/31
BTC
30.49%
$12,500
10 BTC
2020/08/31
BUSD
13.59%
$10,000
400,000 BUSD
2020/08/31
BUSD
27.83%
$11,000
100,000 BUSD
2020/08/31
Example: A user buys a share of a Dual Savings product worth 1 BTC on 2020/08/20 (the Strike price is $12,500 and the Annualized interest rate return is 30.49%). When the product expires on the delivery date:
  • If the BTC settlement price ≥ the strike price, then the user's settlement currency will be BUSD. The user will receive 1 * 12,500 * (1 + 30.49% / 365 * Deposit days) BUSD.
  • If the BTC settlement price is < the strike price, then the user's settlement currency will be BTC. The user will receive 1 * (1 + 30.49% / 365 * Deposit days) BTC.
Note:
  • The calculation method of the settlement price is based on a BTC price index of BTC prices across seven different exchanges: Bitstamp, Bittrex, Coinbase Pro, Gemini, Kraken, Itbit, and LMAX Digital. During settlement, the highest and lowest prices from these exchanges will be removed from consideration, and the average price of the remaining five exchanges will be used as the final settlement price. The settlement time is 8:00 AM (UTC) on the day the product expires.
  • Expiration Date: Refers to the date the investment product ends (settlement). On the expiration date, payment will be automatically returned to your wallet.
  • Settlement Currency: Refers to the payment currency, which is determined based on the maximum principle return on the expiration date. The specific settlement currency depends on the difference between the settlement price and the pegged price on the expiration date.
Risk Warning: Cryptocurrency investment is subject to high market risk. Binance is not responsible for any direct, indirect or consequential losses as a result of the trading competition. Please make your investments with caution.
Thanks for your support!
Binance Team
2020/08/20
Trade on the go with Binance’s mobile crypto trading app:
Find us on
Related Articles
Binance Launches Coin Margined Futures Fee Discount Program