Exclusive Launch on Seagull: A Comprehensive Comparison of OKX's Four Major Structured Products
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Exclusive Launch on Seagull: A Comprehensive Comparison of OKX's Four Major Structured Products
OKX announced the official launch of Seagull, becoming the first exchange in the industry to offer this structured product.
Navigating Web3 tides with focused insightsDifferent people humorously portray finance in different ways.
A war of currencies without gunpowder, a game of strategy among elites, a speculative market for effortless gains, or a test of human nature filled with deception—these are common perceptions. But in the view of William Goetzmann, financial history over the past millennium has driven and shaped the progress of human civilization, playing a crucial role in developments ranging from the emergence of cuneiform script in ancient Mesopotamia, the transition of Greek and Roman classical cultures into empires, to Europe’s global trade expansion.
Finance serves as a vital tool for cross-temporal and spatial allocation of resources, asset appreciation, capital raising, and risk mitigation. Although not yet universally accessible, the product matrix—including stocks, bonds, funds, futures, and options—has become highly diversified. The launch of Bitcoin in 2008 opened a new chapter in financial history. As an innovative emerging financial sector, the crypto industry has not only pioneered decentralized financial (DeFi) tools such as lending and liquidity mining, reforming many flaws of traditional finance, but also inherited and migrated traditional financial instruments, using crypto assets as carriers to advance the development of inclusive finance.
Today, the crypto industry has made solid progress in accumulating various asset types under standards such as ERC20, ERC-721, and ERC-1155. Whether through innovation or migration of traditional financial tools, it has created an opportunity for equal access to financial services for the 1.7 billion people worldwide who still lack bank accounts. As a leading global cryptocurrency exchange and Web3 technology company, OKX integrates centralized exchange services and decentralized wallets within a single app, building powerful financial tools for the future.
If OKX Web3 Wallet drives financial tool innovation, then the OKX Exchange focuses on the migration and popularization of financial tools. Recently, OKX officially launched "Seagull," becoming the first exchange in the industry to offer this structured product, further solidifying its position as the provider of the most comprehensive suite of financial products. This article will use the Seagull product as a starting point to explore the financial product landscape at OKX Exchange.
1. OKX Exclusively Launches Seagull
Structured products are innovative financial instruments that generate returns from derivatives markets such as futures and options. These are already mature in traditional finance. However, due to their highly customizable nature and the need to balance various asset combinations and risk controls, few crypto exchanges currently offer structured products. OKX, however, has successively launched diverse structured products such as Shark Fin, Dual Asset, and Snowball, all featuring zero fees, high annualized yields, and flexible risk-level selection, earning potential returns and widespread popularity.
Users can select products based on current market conditions and their risk preferences, capturing potential returns while managing risks.
For example, suppose wheat is currently priced at 100 yuan but is highly volatile due to seasonal and demand factors. Farmer Wang worries about falling prices and buys a put option, while bakery owner Zhang fears rising prices and buys a call option. At expiration, if wheat prices fall below 100 yuan, Farmer Wang can exercise his put option to sell at 100 yuan, thus hedging against losses. Bakery owner Zhang may choose not to exercise his call option—though he loses the premium, he can now buy wheat at a lower market price. The reverse holds true if prices rise.
Seagull is a structured product first introduced by OKX in the industry, fundamentally similar to the seagull options in traditional finance. It consists of three standard options with the same expiration date. OKX offers two types: Bullish Seagull and Bearish Seagull. The Bullish Seagull allows users to deposit USDT, while the Bearish Seagull supports deposits in BTC and ETH. Below, we analyze the potential returns and risks of the Bullish Seagull - BTC product as an example.
There are four main scenarios: When A < BTC price < B, users receive principal plus a low APY USDT reward; when B ≤ BTC price ≤ C, they receive principal plus a USDT reward ranging from low to high APY; when BTC price ≥ C, they receive principal plus a high APY USDT reward; and when BTC price ≤ A, they receive the corresponding amount in BTC.
In summary, the OKX Seagull product features low cost and limited risk, though maximum returns are capped. It is best suited for expectations of modest price increases or range-bound downward trends. This helps investors hedge at low or even zero cost without needing to understand complex derivatives—simply deposit USDT or BTC based on their market outlook and risk tolerance.
2. Comparison of OKX Structured Products
As briefly mentioned earlier, OKX offers a rich variety of structured products, including Shark Fin, Dual Asset, Snowball, and the newly launched Seagull.
All OKX structured products are fee-free and offer attractive potential returns with relatively strong risk controls. However, as the structured product lineup becomes increasingly segmented, user understanding remains fragmented. Therefore, a simple comparison across dimensions such as applicable market scenarios and reference annualized yield is provided below as a basic guide—note that actual outcomes depend on multiple variables:
As the exchange offering the most comprehensive financial products in the industry, here is a brief overview of OKX’s financial ecosystem to help users make informed choices. OKX’s financial offerings currently include three core sections: Earn, Lend, and Jumpstart. The Earn section is further divided into Simple Earn, Structured Products, and On-chain Earn—the Seagull product falls under Structured Products.
Additionally, the Lend section meets users’ investment and funding needs by allowing them to borrow against deposited digital assets. The Jumpstart section enables users, particularly holders of OKB, to participate early in promising new global projects.
3. Building Powerful Financial Tools for the Future
In this era of globalization, finance forms a vast network where everyone is an economic agent—connected so tightly that a tug on one thread affects the whole. Terms frequently used by economists—exchange rates, interest rate hikes, CPI, GDP, annualized returns, P/E ratios, PMI—are essentially data-driven, quantified, and abstract representations of everyday life: what we eat, wear, live in, and enjoy. With high inflation putting systemic pressure on financial systems from the U.S. to the rest of the world, our best course is to leverage financial tools and strategies wisely, seeking alpha while maintaining solid risk defense.
The crypto industry represents both an extension and innovation of millennia of financial evolution. As a leading crypto exchange and Web3 technology firm, OKX is building powerful financial tools for the future—opportunities are at your fingertips.
Beyond structured financial products evolved from traditional finance, OKX’s integration of centralized exchange services and decentralized Web3 wallet solutions has placed it far ahead of the industry through continuous innovation. According to the latest ecosystem map released by OKX Web3 Wallet, it connects to over 70 public blockchains, supports more than 120 DeFi protocols, aggregates over 30 NFT marketplaces, and covers multi-ecosystems including Gaming, Social, MEME, and Tools, supporting over 300 platforms and protocols in total. Moreover, it boasts one of the most powerful DEXs and cross-chain aggregators, along with a flexible and comprehensive Discovery module.
Western civilizations demonstrated immense wealth-generating power during periods of rapid financial advancement. Yet today, 1.7 billion people globally remain unbanked, excluded from financial opportunities. The emergence of crypto assets and tools like those offered by OKX opens up new, fair avenues for financial participation for these individuals and users worldwide. Despite ever-changing economic cycles, by choosing the right crypto financial tools and practicing sound asset allocation, anyone can navigate uncertainty with confidence—and wait calmly for the wind to change.
Just as OKX says: Better future: game on
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