> 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/snowball-with-floor/overview.md).

# Overview

## Product Introduction

Snowball with Floor is a kind of snowball product designed to limit the maximum loss in the event of a significant market downturn.

## Product Features

* Designed for conservative investors, this product controls the maximum loss while providing the potential for significant returns.
* Offers 25% downside protection. If the target asset's value doesn't decrease by 25%, investors receive coupons.
* The maximum decrease in the underlying asset's value should not exceed the spot price, and under no circumstances should the maximum loss exceed 10%.

## Product Parameters

<table data-header-hidden><thead><tr><th width="207.5"></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>Denominated in a U.S. dollar stablecoin, typically 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>Floor Clause</td><td>90% </td><td></td></tr><tr><td>Expected APY</td><td>10%(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></tbody></table>

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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 %}