| 1. Bullish Seagull, invest in USDT | ||
| Bullish BTC/ETH | Currency of settlement | |
| Expiration price > Conversion price | Subscription amount x (1 + Term rate) | USDT |
| Expiration price ≤ Conversion price | Subscription amount × (1 + Term rate) / Conversion price | BTC/ETH |
| 2. Bearish Seagull, invest in BTC/ETH | ||
| Bearish BTC/ETH | Currency of settlement | |
| Expiration price < Conversion price | Subscription amount x (1 + Term rate) | BTC/ETH |
| Expiration price ≥ Conversion price | Subscription amount x (1 + Term rate) x Conversion price | USDT |