Case | Settlement amount | Settlement currency |
---|---|---|
Expiration price < Target price | Subscription amount × (1 + Term rate) | BTC (or other crypto) |
Expiration price ≥ Target price | Subscription amount × Target price × (1 + Term rate) | USDT |
Example: You subscribe 10 BTC with a target price of $58,000 and a term rate of 0.2%.
If the expiration price of BTC is < 58,000, you'll receive:
10 × (1 + 0.20%) = 10.02 BTC
If the expiration price of BTC is ≥ $58,000, you'll receive:
10 × 58,000 × (1 + 0.20%) = 581,160 USDT
Case | Settlement amount | Settlement currency |
---|---|---|
Expiration price > Target price | Subscription amount × (1 + Term rate) | USDT |
Expiration price ≤ Target price | Subscription amount / Target price × (1 + Term rate) | BTC (or other crypto) |
Example: You subscribe 10,000 USDT with a target price of $50,000 and a term rate of 1.24%.
If the expiration price of BTC is > 50,000, you'll receive:
10,000 × (1 + 1.24%) = 10,124 USDT
If the expiration price of BTC is ≤ 50,000, you'll receive:
10,000 / 50,000 × (1 + 1.24%) = 0.20248 BTC
Base currency: the currency you use to subscribe to Dual Investment.
Alternative currency: the other currency under the currency pair. The product will be settled in either the base or alternative currency, depending on how the target price compares to the expiration price.
Target price: the benchmark price used to compare with the expiration price.
Expiration price: the average price of the relevant market index calculated within one hour before the expiration time, i.e. between 07:00 UTC and 08:00 UTC on the expiration date.
Expiration date: the date when your subscription will expire and be settled. The proceeds will automatically be credited to your funding account on this day.
Expiration time: it's set at 08:00 UTC on the expiration date.
Annual percentage rate (APR): it provides an approximation of the potential interest your product will earn over a one-year period.
Term rate: the amount of interest a product will earn during the subscription period and is calculated using the following formula:
Term rate = APR x (Subscription period / 365)
Term: the number of days in your subscription period, which is used to calculate your earnings. After subscribing to a product, your term will start from the next hour.
1. Can I redeem before the expiration date?
Yes, you can apply for early redemption for BTC and ETH products if the term is longer than 2 days and your subscription has been active for more than 24 hours. The deadline for early redemption is 24 hours before the expiration date and time.
2. When can I redeem my order?
The order can be redeemed 24 hours after the interest started to accrue, and no later than 24 hours before the expiration time. Take for example an order with the following details:
Interest accrual time: 03/01/2022, 08:00 UTC
Expiration time: 03/11/2022, 08:00 UTC
Then, the order can be redeemed at any time between:
Start time: 03/02/2022, 08:00 UTC
End time: 03/10/2022 08:00 UTC
3. When will my returns be credited to my Funding account?
If your redemption is successful, your crypto will be credited to your Funding account the following day at 10:00 UTC.
4. Does early redemption incur a loss?
If you choose to redeem early, you'll be able to review the exact amount of crypto you'll receive. Redeeming early may lead to losses, as the amount could be less than the initial subscription amount.
Choosing early redemption also means you'll only receive the crypto that you used to invest. For example, if you invested BTC, you'll only be able to redeem BTC and won't have the choice of redeeming in USDT.