TechFlow – According to official announcements, OKX has launched a new structured product called "Snowball," which includes two strategies: Bullish Snowball and Bearish Snowball. Returns are determined by the price volatility of the target assets, BTC and ETH. For the Bullish Snowball, the investment currency is USDT with a minimum investment of 100,000 USDT, and the target asset can be either BTC or ETH. For the Bearish Snowball, the investment currencies are BTC or ETH, requiring a minimum of 5 BTC or 50 ETH respectively, and the target asset is the same as the invested currency.
Snowball products offer users potentially high returns while also providing certain protections during periods of significant market volatility. With the Bullish Snowball, users can achieve high USD-pegged (U-denominated) returns in rising or sideways markets, and would only face potential losses if the market drops sharply. Similarly, with the Bearish Snowball, users can earn high coin-denominated returns when prices decline or remain flat.
