> For the complete documentation index, see [llms.txt](https://veta.gitbook.io/veta-platform-english/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://veta.gitbook.io/veta-platform-english/our-products/enhanced-snowball-snowball-with-upside-participation/overview.md).

# Overview

## Product Introduction

Enhanced snowball is a subtype of the Snowball product line. When a knock-out event occurs, investors can still enjoy the increased returns of the target asset. This product proves particularly beneficial in a rapidly rising market, as participation in upside movements can yield higher returns.

## Product Features

* This product is ideal for stable investors who have strong upward market expectations, can tolerate volatile market fluctuations, and seek interest generation, all while capitalizing on the underlying asset's gains and returns.
* The product offers a downward protection cushion of 25%. This means that as long as the underlying asset does not fall by 25%, investors can still obtain coupon payments.
* Investors can gain higher returns if the market demonstrates a continuous upward trend.

## Product Parameters

<table data-header-hidden><thead><tr><th width="196.5"></th><th></th><th data-hidden></th></tr></thead><tbody><tr><td>Issuer</td><td>VETA Ltd</td><td></td></tr><tr><td>Notional Principal</td><td>U.S. dollar stable currency, usually USDC</td><td></td></tr><tr><td>Duration</td><td>180 days (redemption is not allowed during operation)</td><td></td></tr><tr><td>Underlying Asset</td><td>BTC、ETH</td><td></td></tr><tr><td>Expected APY</td><td>12%(subject to the product parameters of each issue)</td><td></td></tr><tr><td>Knock-In Level</td><td>75% (observed in real-time)</td><td></td></tr><tr><td>Knock-Out Level</td><td>105% (observed monthly)</td><td></td></tr><tr><td>Knock-Out Engagement Rate</td><td>50%</td><td></td></tr></tbody></table>

{% hint style="info" %}
Please note that these product specifications are provided for reference purposes only. The specific parameters of each product offering may vary, so please refer to the terms of the current product for details.
{% endhint %}