Introduction
In traditional finance, shark fin structured products have existed for a long time and have been widely used in various underlying assets, which are financial instruments derived from a knock-out option.
Based on the demand from senior investors that structured products can reflect the different extent of appreciation and obtain different benefits, Metalpha launched SharkFin structured products. It provides users of long-term value investment with one more choice and meanwhile gains higher expected annualized return than other financial products, which is no doubt more attractive.
Features:
- Principal protected and provides floating APY return based on the settlement price(1.5%-20%+).
- Diversified products specification with different maturity periods, bearish or bullish products, and different yield ranges can be set up.
- Suitable for all kinds of crypto-asset holders, especially friendly to newcomers.
- User Designable.
Investing Note
How to invest:
- Download Metalpha App via scanning the code on our website: www.metalpha.finance
- Sign in as a new user, if you are.
- Deposit your crypto asset into your account
- Invest SharkFin once it is open for funding
Fundraising Period:
Fundraising Opens: Every Friday 17:00 (UTC+8)
Fundraising Ends: Next Friday 17:00 (UTC +8, Open day +7 days)
Investing Period:
Interest Starts: Right after the fundraising ends
Lock-up Period: 14 days or 30 days
Settlement day: The lock-up Period ends with the settlement day. Cashback to the investor’s account usually takes 2 hours to settle
If you would like to design your own SharkFin Products?
No problem at all. Contact us @ support@metalpha.finance!
How it works & Example:
Let us give you an example to elaborate on how it works! For a user invested in bullish SharkFin products like the following table shows.
i. Bullish SharkFin
On the Settlement day
Case 1:
If the price of BTC has been less than (or equal to) $54000 or greater than ( or equal to) $42000 during the lock-up period, the investor will get back his/her 1,000,000 USDT principal with 3% APY interest.
Case 2:
If the settlement price of BTC is in the range of $42000 ~ $54000, the investor will obtain the expected annual return of 3%~30% based on the settlement BTC price.
ii. Bearish SharkFin
On the Settlement day
Case 1:
If the price of BTC has been less than (or equal to) $26000 or greater than ( or equal to) $38000 during the lock-up period, the investor will get back his/her 1,000,000 USDT principal with 3% APY interest.
Case 2:
If the settlement price of BTC is in the range of $26000 ~ $38000, the investor will obtain the expected annual return of 3%~30% based on the final BTC price.
FAQs:🙋
1. Can I redeem the investment before the expiry date?
Any kind of early redemption is not allowed before the expiry date. Mind this is a closed-end investment product.
2. Where can I find the reference price of BTC and ETH?
A reliable reference where you can find the price of BTC and ETH is www.cfbenchmarks.com. Besides, we will send you a confirmation email to inform you of every detailed specification of the investment product in that period.
Any Questions? Contact us!💁
Website; Twitter; Telegram; Email: support@metalpha.finance.
