Let’s explain by example.
Let’s say you have 1 BTC and on Friday you purchase this product.
The Bitcoin rate on Friday is 30 000 USD (the rate is set as the expiration of the futures contract for BTC or ETH on Deribit), and the next Friday the BTC rate becomes 29 000 USD.
What happens?
At the end of the week, you get 1BTC + 0.03448 BTC +0.1% APR on 1BTC. If you add 1BTC +0.03448 BTC and multiply by 29,000 USD, you get 30,000 USD. That’s what protecting your investment in dollar terms is all about.
A fixed yield of 0.1% per annum, and protection of the dollar price of BTC or ETH. Income is credited to the underlying asset, such as Bitcoin (real, not wrapped) or Ethereum.
Deposits are deposited weekly (with the possibility of auto-renewal). Deposits and withdrawals are possible only on Fridays. This product is ideal for the passive investor who is not ready to take price risks.
The product is available in my personal cabinet ?