Overview

Product Introduction

The Snowball product, possessing both offensive and defensive characteristics, offers a buffer in a falling market while capitalizing on rising trends. It is well-suited for fluctuating or moderately rising markets. In this kind of market (as long as it does not fall sharply), the longer the duration, the higher the return (the coupon of Snowball is a fixed annual return, the longer the duration, the higher the absolute return), and the return is like a snowball getting larger; participation is still possible even after the knockout event has occurred. Even if there is a sharp drop, the loss will not be greater than the loss caused by holding the underlying asset itself, that is, opening a long position in the underlying asset at the initial price.

Product Features

• Standard snowball products are suitable for prudent investors. The target will not fall sharply in the long term, moderately bullish in the medium and long term, and can obtain higher returns in volatile markets.

• The product offers a 30% downside protection cushion, allowing the investor to receive the coupon if the asset does not fall more than 30%.

• The drop is no more than holding the spot (the worst case is equivalent to buying the underlying asset at the beginning of the period and holding it to maturity).

• Thicker Safety Pad and Higher Yield.

Product Parameters

Issuer	VETA Ltd
Notional Principal	Denominated in a U.S. dollar stablecoin, typically USDC
Duration	180 days (redemption is not allowed during operation)
Underlying Asset	BTC、ETH
Expected APY	30%(subject to the product parameters of each issue)
Knock-In Level	70% (observed in real-time)
Knock-Out Level	105% (observed monthly)

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.