Snowball

High yields, with price protection.

FAQ
Assets (USDT)
Log In
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You can choose to invest in USDT or an underlying cryptocurrency, taking BTC as an example:
Normal Maturity
When the observation price does not exceed the take-profit and protection prices, and is fluctuating within the price range.
Knock-Out
When the observation price is higher than the take-profit price.
Knock-In
When the observation price is lower than the protection price.
Normal Maturity
Take-Profit Price
Initial Price
Protection Price
Received Principal (USDT) + Interest (USDT)
Date of Maturity
Upon maturity, you will receive your principal (USDT) + interest (USDT).
Interest (USDT) = Principal * Term * Reference APR / 365
*Observation Price: The average index price between 07:30 – 08:00 (UTC) each day.
*Initial Price: The observation price on the order's interest start date.

Product

Underlying Currency
All
Investment Coin
All
Coins
Reference APR
Term
Protection LineTake-Profit Line
ETH
82.87%7 days95%115%
ETH
76%7 days95%115%
BTC
69.53%7 days95%115%
BTC
63.81%7 days95%115%
ETH
62.41%7 days94%115%
ETH
56.55%7 days94%115%
BTC
49.93%7 days94%115%
BTC
45.19%7 days94%115%
ETH
43.94%7 days93%115%
ETH
39.15%7 days93%115%
BTC
33.06%7 days93%115%
BTC
29.27%7 days93%115%
ETH
76.86%14 days95%115%
ETH
70%14 days95%115%
BTC
66.52%14 days95%115%
BTC
60.67%14 days95%115%
BTC
32.85%14 days92%115%
BTC
28.65%14 days92%115%
ETH
23.88%14 days90%115%
ETH
19.98%14 days90%115%
ETH
38.22%30 days90%115%
ETH
32.48%30 days90%115%
BTC
28.37%30 days90%115%
BTC
24.06%30 days90%115%
ETH
19.32%30 days86%115%
BTC
19.02%30 days88%115%
BTC
15.51%30 days88%115%
ETH
15.39%30 days86%115%
ETH
7.42%180 days75%115%
ETH
4.88%180 days75%115%
BTC
4.59%180 days75%115%
BTC
2.73%180 days75%115%
Features
More Gains
Products now have higher APR
Enjoy high yields regardless of the settlement scenario
More Safety
Lower knock-in prices
Lower probability of getting knocked-out
More Variety
Pick from a diverse range of products
Choose your investment currency

FAQ

1. What is Snowball (formerly Protective Earn)?

Snowball, formerly known as Protective Earn, is a structured investment product introduced by KuCoin. It's designed to offer users a safer and more profitable investment choice. During the holding period, the various price action scenarios of an underlying asset lead to different settlement outcomes.

2. Snowball Terminology

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.

3. How are Snowball products settled?

For Snowballs purchased in USDT (USDT-settled), there are three settlement scenarios: (1) No Knock-In/Knock-Out In this case, the daily observation price never rises above the knock-out price or falls below the knock-in price. The product reaches maturity and is settled normally. Settlement Amount = Principal + (Principal * APR / 365 * Days Held) (2) Knock-Out Occurs A knock-out occurs when the observation price exceeds the take-profit price on a given day of the term. Settlement Amount = Principal + (Principal * APR / 365 * Days Held until Knock-Out) (3) Knock-In Occurs A knock-in occurs when the observation price falls below the protection price on a given day of the term. Settlement Amount = (Principal / Initial Price of Underlying Asset) + (Principal * APR / 365 * Days Held / Observation Price of Underlying Asset on the Day of Knock-In) For Snowballs purchased in the same coin as the underlying asset (COIN-settled), such as BTC, ETH, and others: (1) The first and second scenarios are the same as described above. (2) Knock-In Occurs A knock-in occurs when the observation price falls below the protection price on a given day of the term. Settlement Amount = Principal * Observation Price on the Day of Knock-In / Initial Price + Principal * APR / 365 * Days Held

4. How do I subscribe?

From the KuCoin website, click on the Earn tab in the top navigation bar and select Snowball (formerly known as Protective Earn). Under KuCoin Wealth Structured Products, select Snowball, and look for the product whose underlying asset, subscription currency, and projected APR is most suitable for you. Then click Subscribe to enter the subscription page.

5. Where can I view my subscriptions?

Go to your Financial Account to get an overview of your subscriptions. Click on Details to view specific information for each subscribed product.

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