Snowball
High yields, with price protection.
Product
| Coins | Reference APR | Term | Protection Line | Take-Profit Line | |
|---|---|---|---|---|---|
| 41.84% | 7 days | 95% | 115% | |
| 25.87% | 7 days | 94% | 115% | |
| 14.53% | 7 days | 93% | 115% | |
| 49.8% | 14 days | 95% | 115% | |
| 20.57% | 14 days | 92% | 115% | |
| 7.16% | 30 days | 90% | 115% | |
| 3.03% | 30 days | 88% | 115% | |
| 8.78% | 180 days | 75% | 115% |
Products now have higher APREnjoy high yields regardless of the settlement scenarioLower knock-in pricesLower probability of getting knocked-outPick from a diverse range of productsChoose your investment currencyFAQ
Underlying Asset: The base currency of the Snowball product.
Subscription Currency: The currency you're using to subscribe to the Snowball product.
Observation Price: The average index price of the underlying asset between 07:30 – 08:00 (UTC) each day.
Initial Price: The observation price on the day interest begins to accrue for the product.
Take-Profit Line: This line represents a percentage used to calculate the take-profit price. If the observation price exceeds the take-profit price, a knock-out occurs.
Take-Profit Price: Initial Price * Take-Profit Line (%)
Knock-Out: During the holding period, if the observation price on any given day surpasses the take-profit price, a knock-out event occurs.
Protection Line: This line represents a percentage used to calculate the protection price. If the observation price falls below the protection price, a knock-in occurs.
Protection Price: Initial Price * Protection Line (%)
Knock-In: During the holding period, if the observation price on any given day falls below the protection price, a knock-in event occurs.
Settlement Price: This is the observation price of the underlying asset on the normal maturity date or in the event of a knock-in/knock-out. It is determined as the average index price between 07:30 – 08:00 (UTC) on the day of settlement.
Holding Period: The date a knock-in/knock-out event occurs to the date the Snowball product starts accruing interest.
