Dual Currency is a non-guaranteed floating return product. It helps the users to earn high yields by selling high and buying low. The yield of the product is fixed at the time of purchase, while the settlement currency depends on how the market price compares to the strike price at maturity.
Dual Currency is a short-term investment product that could potentially help you achieve high returns. We have also designed it with a selection of tenors varying from days to months, catering to your exclusive liquidity and risk appetite.
Currently, Amber Premium SG provides 10 pairs of Dual Currency,
Sell high: BTC → USDⓢ, BTC → USDT, ETH → USDⓢ, ETH → USDT, ETH → BTC
Buy low: USDⓢ → BTC, USDⓢ → ETH, USDT → BTC, USDT → ETH, BTC → ETH
For example:
Dual Currency: BTC → USDⓢ (Sell high)
If you purchase the product with BTC and hope to sell BTC at a strike price in the future to earn yield, you will receive either BTC or USDⓢ upon maturity. The settlement currency is determined by how the market price compares to the strike price at maturity.
- Upon maturity, if the market price≥strike price, BTC will be sold at the strike price. You will receive the corresponding USDⓢ/USDT and their annualized yield.
- Upon maturity, if the market price<strike price, your BTC will be returned along with their annualized yield.
Dual Currency USDT → ETH (Buy low)
If you purchase the product with USDT and hope to buy ETH at a strike price in the future to earn yield, you will receive either ETH or USDT upon maturity. The settlement currency is determined by how the market price compares to the strike price at maturity.
- Upon maturity, if the market price≤strike price, USDT will be sold at the strike price. You will receive the corresponding ETH and their annualized yield.
- Upon maturity, if the market price>strike price, your USDⓢ/USDT will be returned along with their annualized yield.