Suppose the price of 1 BTC is $60,000, and you subscribe to a "Sell High" product:
Deposit Amount: 1 BTC
Target / Strike Price: $65,000
Tenor (Duration): 30 Days
APR: 36.5% (0.1% daily yield)
Your total interest earned after 30 days will be: 0.03 BTC.
On the settlement date, two possible scenarios will occur:
ScenarioMarket Price (Fixing Price)Execution StatusPayout ReceivedTotal Balance1. Price Didn't Reach Target$63,000 (< $65,000)Not ExecutedPrincipal (BTC) + Interest (BTC)1.03 BTC2. Price Reached Target68,000(\ge$ $65,000)ExecutedConverted to USDT at Strike Price66,950 USDT (1.03 BTC × $65,000)
Outcome: If the target price is not reached, you accumulate more BTC. If the target is met, your BTC is sold at the specified high target price and paid out in USDT along with the accrued interest.
Deposit Amount: 1 BTC
Target / Strike Price: $65,000
Tenor (Duration): 30 Days
APR: 36.5% (0.1% daily yield)
Your total interest earned after 30 days will be: 0.03 BTC.
On the settlement date, two possible scenarios will occur:
ScenarioMarket Price (Fixing Price)Execution StatusPayout ReceivedTotal Balance1. Price Didn't Reach Target$63,000 (< $65,000)Not ExecutedPrincipal (BTC) + Interest (BTC)1.03 BTC2. Price Reached Target68,000(\ge$ $65,000)ExecutedConverted to USDT at Strike Price66,950 USDT (1.03 BTC × $65,000)
Outcome: If the target price is not reached, you accumulate more BTC. If the target is met, your BTC is sold at the specified high target price and paid out in USDT along with the accrued interest.