Bullish Snowball
- FIXED APY
- 18%
- STAKING ASSET
- USDT
- UNDERLYING ASSET
- BTC
- DURATION
- 28 DAYS
- PRODUCT TVL
- $186,964,44
What is Snowball?
Snowball is a unique product that allows you to strategize, manage risk, and make lucrative returns in different market conditionsIncredible returns
Enjoy up to 20% est. APRs on leading crypto such as BTC, ETH or USDTPartial downside protection
Markets need to move drastically against you before you experience any losses| Product | Bullish on BTC |
| Principal | 100,000 USDT |
| Term | 28 days |
| APR | 18.00% |
| Strike price | $26,000 |
| Knock-out price | $26,300 |
| Knock-in price | $22,000 |
The Knock-out price is observed every Friday, 16:00:00.
The Knock-in price is observed Observed daily, 16:00:00.
you will receive your earnings on the KO date:
Earnings = Principal x (1 + APR x Term / 365)
Earnings = 100,000 x (1 + 0.18 x 21 / 365)
= 101,035.61 USDT
you will receive your earnings on the expiration date:
Earnings = Principal x (1 + APR x Term / 365)
100,000 x (1 + 0.18 x 28 / 365)
= 101,380.82 USDT
you will receive your principal on the expiration date:
Earnings = Principal
= 100,000 USDT
you will receive crypto on the expiration date:
Earnings = Principal x Strike price
Earnings = 100,000 / 26,000
= 3.84 BTC
USDT