Following the success of BTC Smart Earn and Gold Range Accrual, PoolinWallet is introducing the third product of its structured product series targeting Bitcoin named ‘Bold Earn’.
Bold Earn is a crypto binary options-based structured product. The deposit asset is Bitcoin, and both settlements of the principal and the accrued interest are in Bitcoin.
Similar to BTC Smart Earn products, BTC Bold Earn allows you to express the view of the market and place directional bets on whether BTC will either rise above or fall below a certain price in the short future. You can choose either BTC Bold Earn long position or BTC Bold Earn short position in light of your bet.
Besides, like the other products from PoolinWallet structured product series, BTC Bold Earn shares merits such as principal protection, lower & predictable risk, and term-wise flexibility.
With respect to binary options mentioned above, they are typically simple, short-term, risk-manageable options contracts, and often used for speculative purposes. There are three key elements that make up a binary option contract, to wit: the underlying asset, the strike price, and the expiration date & time.
To invest & take profit from binary options is to speculate on whether the performance of the underlying asset will rise above (or fall below) the strike price at expiry.
One of the many attractive features of binary options is the simplicity of the payout structure. Binary options have constant payouts and capped risk in contrast to the common vanilla options which have linear payouts and uncapped risk.
As the name suggests, the payout of a binary option contract is either something or nothing. To explain further, if the price of the underlying asset does rise above the pre-defined strike price at expiry, the binary option yields high. Otherwise, the binary option expires worthless. Speaking from the risk-return perspective, the maximum downside of a binary option contract is the premium paid upfront while the maximum upside is the payout (typically aggressive) minus the premium.
In Bold Earn products, Poolin derivative team has successfully integrated the merits of classic binary option contracts and regular fixed income products, viz., you will be likely to obtain high returns and have your initial deposit protected plus a minimum APR guaranteed all at one Bold Earn product.
Investing in Bold Earn is similar to buying a binary options contract. Bold Earn also has three key product parameters which correspond to the three key contract elements of binary options, respectively they are Deribit BTC Index (access link is available in the latter section of ‘Product Parameters’) as the underlying asset, the strike price which will be revealed upon actual Bold Earn product release, and the expiration which will be at 12:00 PM GMT+8, every Monday.
Product Parameters
Key Advantages
- Initial deposit protected, minimum APR guaranteed, known & predictable risks
- The simplicity of the payout structure, easy-to-understand premise
- Short-term deposits, fast turnover & high returns, optimize capital utilization
- Starts on Friday, automatic settled on Monday, efficient to profit from weekend market fluctuations
- Minimum deposit of 0.0001 BTC, no commissions & fees.
Payout Structure
Please note that all figures shown below are for illustration purposes only. Actual products may vary due to the evolving market, do check all the parameters of the released product in PoolinWallet App before making a deposit.
A. Bold Earn (Long)
Graph I: Payout Structure of The BTC Bold Earn Long Position
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BTC Bold Earn (Long) Payout Scenarios in Light of Graph I Product |
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Scenario A: If Deribit BTC Index ≥ $25,500 at expiry |
Bold Earn yields an APR of 10% |
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Scenario A: If Deribit BTC Index ＜ $25,500 at expiry |
Bold Earn yields an APR of 1% |
As depicted in the graph I, the BTC Bold Earn (Long) will yield a minimum APR of 1% if Deribit BTC index does not rise to or above the strike price of $25,500 at 12:00 PM GMT+8, Monday following the Fridaydeposit. Otherwise, the product will achieve an APR of 10%.
B. Bold Earn (Short)
Graph II: Payout Structure of The BTC Bold Earn Short Position
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BTC Bold Earn (Short) Payout Scenarios in Light of Graph II Product |
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Scenario A: If Deribit BTC Index ≤ $23,000 at expiry |
Bold Earn yields an APR of 30% |
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Scenario A: If Deribit BTC Index ＞ $23,000 at expiry |
Bold Earn yields an APR of 3% |
Likewise, according to graph II, the shown BTC Bold Earn (Short) will perform a minimum APR of 3% if the Deribit BTC index does rise above the strike price of $23,000 at expiry. However, an APR of 30% will be achieved if the Deribit BTC index does fall to or even below $23,000 at expiry.
PoolinWallet takes pride in delivering products, services, and support that help our clients to make informed investment decisions and manage crypto assets better. More kinds of assets such as ETH and USDT will be made available to deposit into Bold Earn series products. Deposit terms other than 3 days will be supported soon. More structured products targeting varying risk appetites are in development. Stay tuned!
*Disclaimer
- The article is not investment advice and does not constitute an offer or solicitation to offer or recommendation of any above-mentioned investment products.
- PoolinWallet is a crypto custodial wallet independently operated by Poolin.com Singapore.
- PoolinWallet does not support any fiat currency.
PoolinWallet Team
August 18, 2022
#PoolinWallet
A trusted custodial wallet operated by Poolin.com Singapore since 2019
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