Matrixport’s ‘BTC-U Range Sniper’ allows stablecoin-holders to accumulate bitcoin whilst earning high yields

2021-9-7 20:17

Matrixport, an Asia-Pacific-based crypto-asset financial services platform, today announced the launch of ‘BTC-U Range Sniper’, a first-mover product, which enables participants to earn higher returns when the price of Bitcoin (BTC) moves within a specified range.

‘BTC-U Range Sniper’ offers annualized yield (APY) of between 6% to 200% in either USDT/USDC or BTC depending on the price of BTC upon settlement.

If the settlement price is above the given range, the minimum APY of 6% is paid in USDC; if the settlement is below the given range, the principal will be converted to BTC with a minimum guarantee of 6% APY also. Further, if the settlement price falls within a settled range, up to 200% APY in USDC can be earned.

“Stablecoins are an important fiat on-ramp pathway and has been a great entry point for the crypto curious. However, many stablecoin holders now desire to accumulate BTC whilst earning higher yields. ‘BTC-U Range Sniper’ is a crypto investment product where we empower users to continue to earn attractive stablecoin yields or ride BTC’s innate volatility to accumulate more BTC.”
– John Ge, Co-Founder & Chief Executive Officer, Matrixport

Starting from today, September 6th, 2021, users can reserve the product during a fundraising period from 18:00 to 20:00 SGT, and every Monday thereafter.

The post Matrixport’s ‘BTC-U Range Sniper’ allows stablecoin-holders to accumulate bitcoin whilst earning high yields appeared first on CryptoNinjas.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 69532.37 (+0.29%)
Объем 24H $43.962b
Изменеия 24h: 1.72 %, 7d: -3.27 %
Cегодня L: $66916.68 - H: $70054.19
Капитализация $1376.412b Rank 1
Цена в час новости $ 50101.51 (38.78%)

range matrixport bitcoin btc-u sniper enables participants