1) If BTC (or ETH) is invested, the settlement coin and settlement amount are determined as follows:
Scenario |
Settlement Amount |
Settlement Coin |
Settlement price < Target price |
(Investment amount)*(1+APR) |
BTC (or ETH) |
Settlement price ≥ Target price (Exercise) |
(Investment amount)*(Target Price)*(1+APR) |
USDT |
For example, if for a BTC product, the target price is 40,000, the APR is 5%, and the user puts in 1 BTC, then when the product settles, the user will receive
If the BTC settlement price is < 40,000, the user will receive 1*(1+5%) = 1.05 BTC.
If the BTC settlement price is ≥ 40,000, the user will receive 1*40,000*(1+5%) = 42,000 USDT.
2) If USDT is invested, the settlement coin and settlement amount are determined as follows:
Scenario |
Settlement Amount |
Settlement Coin |
Settlement price > Target price |
(Investment amount)*(1+APR) |
USDT |
Settlement price ≤ Target price (Exercise) |
Investment amount/Target price*(1+APR) |
BTC (or ETH) |
For example: if the target price for a BTC-USDT product is 40,000, the APR is 5%, and the user puts in 50,000 USDT, then when the product settles, the user will receive:
If the BTC settlement price is > 40,000, the user will receive 50,000*(1+5%) = 52,500 USDT.
If the BTC settlement price is ≤ 40,000, the user will receive 50,000 / 40,000 * (1 + 5%) = 1.3125 BTC.
As can be seen from the above example, that the settlement coin may not be the coin originally purchased.
Settlement Price: The average index price between 07:00 - 07:30 (UTC) on the day of settlement.