Assuming you are holding 1,000,000 USDT right now and desire to gain more profit. You have observed the market, and being optimistic toward bullish shark-fin, you then opt for 14 days of Bullish Shark-fin. This investment comes with excellent results, the final price is 52,000, which falls between the knock-out price and strike price. Therefore, beside your principal of 1,000,000 USDT, you are entitled to the gain of 3%~30% yield (the closer the strike price to the knock-out price, the higher the APY), following is the calculation:
The formula for final APY: (final price - strike price) / initial price + basic APY.
The calculation of your investment: (52,000-42,000)40,000+3%=28%.
The yield calculation: principal* final APY * tenors/ 365.
The total yield: 1,000,000*28%*14/365=10,739.726 USDT.
In the end, you are receiving your principal of 1,000,000 USDT + the yield of 10,739.73 USDT = 1,010,739.726 USDT.
On the other day, you are more convinced that bearish shark-fin will earn you a higher return, and choose a 14 day bearish Shark-fin product. Unfortunately, the price goes below the knock-out price - 26,000, and the strike price is 25,000. In the end, you will get back your principal of 1,000,000 USDT, and 3% of the yield, following is the calculation:
The formula for the interest: principal* basic APY * tenors/ 365,
The calculation of you investment: 1,000,000* 3%* 14/ 365= 1150.69 USDT.
Eventually, you are receiving your principal of 1,000,000 USDT + yield 1150.69 USDT = 1,001.150.69 USDT.
If you are a newcomer who wishes to get a trial or an investor looking for a principal guaranteed with yield products, Shark-fin would be a great option for you. Regardless of being bullish or bearish, as well as the knock-out price closer to the strike price, your yield entitlement will be higher. It’s principal protected and allows repetitive investment during the fundraising period, yet early redemption is not allowed. Please read the purchase agreement of Shark-fin, risk warning carefully, and evaluate if it matches your investment strategy before investing. We truly wish the above has clearly demonstrated the potential return of Bearish and Bullish Shark-fin.
－Product announcement and schematic:
*For specific information, please refer to the relevant product in Metalpha App during fundraising periods.
－Shark-Fin expected return scenario：