Fellow Binancians,
We are excited to launch the 42nd phase of Dual Investment products. Invest in Dual Investment products and enjoy a significantly higher interest rate of up to 56% APY. The subscription will begin on 2021-05-12 (UTC). We offer high flexibility in terms of the strike price, APY, and deposit days.
- Subscription Period: 2021-05-12 4:00 AM (UTC) - 2021-05-13 4:00 AM (UTC)
- Subscription Format: First-come, first-served basis.
Currency | Days | Annualized Interest Rate | Ref. Strike Price (USD) | Limit | Delivery Date |
BTC | 8 Days | 40% | $62,000 | 150 BTC | 2021-05-21 |
BTC | 15 Days | 10% | $69,000 | 150 BTC | 2021-05-28 |
BTC | 29 Days | 15% | $69,000 | 150 BTC | 2021-06-11 |
Target users: Users with idle BTC and have a view that BTC price would not fluctuate above the reference strike price by the delivery date, or want to convert BTC into BUSD at the strike price
Currency | Days | Annualized Interest Rate | Ref. Strike Price (USD) | Limit | Delivery Date |
USDT | 8 Days | 56% | $54,000 | 3,000,000 USDT | 2021-05-21 |
USDT | 15 Days | 26% | $52,000 | 3,000,000 USDT | 2021-05-28 |
USDT | 29 Days | 33% | $54,000 | 3,000,000 USDT | 2021-06-11 |
BUSD | 8 Days | 56% | $54,000 | 3,000,000 BUSD | 2021-05-21 |
BUSD | 15 Days | 26% | $52,000 | 3,000,000 BUSD | 2021-05-28 |
BUSD | 29 Days | 33% | $54,000 | 3,000,000 BUSD | 2021-06-11 |
Target users: Users with idle BUSD or USDT and have a view that BTC price would not fluctuate below the reference strike price by the delivery date, or want to convert BUSD or USDT into BTC at the strike price
At the delivery date, the payoff currency will depend on where the BTC spot price is when compared to the reference strike price.
Earnings Calculation:
Scenario 1)
A user buys a share of a Dual Investment product worth 2 BTC at a strike price of $X and APY of Y%.
- If the BTC spot price at delivery date is LOWER than the strike price, then the user will receive BTC. The user will receive 2 * (1 + Y% / 365 * deposit days) BTC.
- If the BTC spot price at delivery date is GREATER than the strike price, then the user will receive BUSD. The user will receive 2 * X * (1 + Y% / 365 * deposit days) BUSD.
Scenario 2)
A user buys a share of a Dual Investment product worth 1,000 BUSD at a strike price of $X and APY of Y%.
- If the BTC spot price at delivery price is LOWER than the strike price, then the user will receive BTC. The user will receive (1,000 / X) * (1 + Y% / 365 * deposit days) BTC.
- If the BTC spot price at delivery price is GREATER than the strike price, then the user will receive BUSD. The user will receive 1,000 * (1 + Y% / 365 * deposit days) BUSD.
Note:
- Introduction to Dual Investment, glossary, and detailed calculation can be found here: Binance Dual Investment.
- The Ref. Strike Price is not the final strike price and is provided for reference only. The final strike price may be adjusted according to the spot price changes as of subscription closing time. The current reference Spot Price = $57,000. The final strike price will be shown at the Dual Currency Orders.
- Users can view their Dual Investment assets by going to the upper right corner and clicking Orders > Dual Currency Orders.
- The calculation method of the settlement price is based on an index of BTC prices across different exchanges. The settlement time is 8:00 AM (UTC) on the day the product expires.
- Delivery Date: Refers to the date the Dual Investment product ends. On this date, the funds you allotted for a Dual Investment product will be automatically returned to your Spot wallet, including the interest.
- Settlement Currency: Refers to the payment currency, which is determined based on the maximum principal return on the delivery date. The specific settlement currency depends on the difference between the strike price and the settlement price on the delivery date.
- Settlement Time: The funds will arrive in the spot account within 48 hours when the Dual Investment products expire.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make the best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Thanks for your support!
Binance Team
2021-05-12
Trade on the go with Binance’s mobile crypto trading app
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.