Bitget Snowball: Unlock Sustained Yields for Explosive Growth Amid Market Volatility

In the world of structured finance, the Snowball is a unique product designed to provide investors with an opportunity to earn increasing returns when the price of the underlying asset reaches certain predefined levels. It offers a dynamic way to partake in the financial markets, leveraging crypto options to create a product that serves the needs of those looking for growth potential and risk management in one package.

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How does Bitget Snowball work?

As a principal-protected structured product, Bitget Snowball profits off of potential market fluctuations (bull or bear), offers a chance to earn explosive returns when stars are aligned, and guarantees that you get your principal back no matter what.

There are two types of Snowball products: Bullish and Bearish, and each product comes with its own Knock-in prices and Knock-out prices. Every time the underlying asset reaches the Knock-in price, your APR will increase by a certain number and your snowball of earnings will grow bigger.

Take our Bullish_USDT/BTC_Snowball product for example. This product has a 3% base APR and a maturity of 7 days, consisting of 7 24-hour Observation Periods. Each Observation Period starts at 16:00 (UTC+8), with its own Knock-in and Knock-out prices.

During each Observation Period, if BTC’s price reaches the Knock-in price, a Knock-in event will be recorded, your APR will increase by 3%, and no more Knock-in or Knock-out events will be recorded for this Observation Period.

If BTC’s price drops below the Knock-out price, a Knock-out event will be recorded, and the product will be terminated prematurely. Otherwise, the product will mature after 7 days. You can also redeem your principal early and get your liquidity back before maturity or termination at the risk of less earnings.

Your total APR at settlement will be calculated as follows:

(No. of Knock-in Events Recorded Before Termination or Redemption) * Base APR

and you will earn interest on your principal for the number of days until redemption, termination, or maturity.

In this product’s case:

If 4 Knock-in events and no Knock-out event are recorded after 7 days, your earnings will look like this:

Your total APR will be:

4 * 3% = 12%

Your interest payable for 10,000 USDT in principal will be:

10,000 * 12% * 7/365 = 23.0137 USDT

Our Bearish products - Bearish_USDT/BTC_Snowball product, for example - work just the same but their Knock-in prices are lower than Knock-out prices. Say it comes with a base APR of 3.5%, then:

If BTC’s price reaches the Knock-in prices 5 times and 1 Knock-out event is recorded on Day 7, and Investor A waits until Day 7 while Investor B redeemed their principal on Day 3, their earnings will look like this:

Their total APR will be:

5 * 3.5% = 17.5% (A)

and

3 * 3.5% = 10.5% (B), respectively.

Their interests payable for 10,000 USDT in principal will be:

10,000 * 17.5% * 7/365 = 33.5616 USDT (A)

and

10,000 * 10.5% * 3/365 = 8.6301 USDT (B), respectively.

Where do I sign up?

To start earning with Bitget Snowball, sign up or log in to your Bitget account.

Click on ‘Snowball’ under ‘Earn’ or visit this link.

Browse through our prolific list of Snowball products and choose one based on your market projections and preferred underlying asset and click on ‘Subscribe’.

Fill in your subscription amount and double-check everything before clicking on ‘Confirm.’

You can always check your earnings and subscription history on this page or in ‘Snowball’ under ‘Earn Account.’

Closing thoughts

As with any financial product, Bitget Snowball carries both potential rewards and risks. But as a principal-protected product, it is inherently less risky than other products since you will get your principal back no matter what. Its potential APR increase provides a compelling growth opportunity, especially when the underlying’s price is constantly oscillating.

Register now and discover a whole new world of financial products at Bitget!