Product Description
This Product is a yield enhancement product with floating return that embeds a long position in a cryptocurrency linked derivative. The return at the end of the product is determined on the basis of the Underlying performance during the life of the trade.
Features
1. Principal protected and provides floating APY return based on settlement price
2. Diversified products specification with different maturity periods, go-bear or go-bull products and different yield ranges can be set up.
3. Suitable for all kinds of crypto-asset holders, especially friendly to newcomers.
4. Able to repeat investment in fundraising period but cannot be redeemed in advance.
Definitions of terms
Min Amount: The minimum subscription amount for this product.
Investment Principal: The actual quantity that you purchased.
Expected APY: Expected APY is based on the number of subscription days and the final result from the investment.
Linked Price: Linked Price is a benchmark price. On Expiry Day, the Settlement Price will be compared against this benchmark price.
Announcement time of Linked Price: Linked price will be determined at 21:00 UTC+8 of fund-raising end-day, and will be announced on the Metalpha APP at 21:00 UTC+8
Subscription deadline: The subscription deadline will end at 17:00 UTC+8 on the fund-raising end-day
Settlement at maturity: After the period ends, the period-end price is announced, and the system automatically initiates the settlement time.
Payback time: After the period ends, your return from this product will be automatically credited to your account on this timing.
Account Balance: Current available amount for investment.
Scenario Analysis
1. Bullish Sharkfin
On the settlement day,
Case 1 : If the settlement price of BTC is higher than $54000 or lower than $42000, the investor will get back his/her 1,000,000 USDT principal with 3% APY interest.
Case 2 : If the settlement price of BTC is in the range of $42000 ~ $54000, the investor will obtain the expected annual return of 3%~30% based on the settlement BTC price.
2. Bearish Sharkfin
On the settlement day,
Case 1 :
If the price of BTC has been less than (or equal to) $26000 or greater than (or equal to) $38000 during the lock-up period, the investor will get back his/her 1,000,000 UST principal with 3% APY interest.
Case 2 :
If the settlement price of BTC is in the range of $26000 ~ $38000, the investor will obtain the expected annual return of 3%~30% based on the final BTC price.
