Yield Pro

Yield Pro Newsletter - May 7, 2024

23 min read

Welcome to the Yield Pro Newsletter! Every week, we'll send you quick updates about our latest development, what other Yield users have been trading, some knowledge sharing, and more. Stay informed and ahead in your crypto journey with our weekly insights.

What’s New

We have added ADA, DOGE, LTC, XTZ, XRP, LINK, and NEAR to our Dual Currency offering. Dual Currency now supports all cryptocurrencies supported on Yield App. Happy trading!

Trade of the Week

  • Dual Currency trading volume continues to increase on our platform. We've observed many users taking advantage of the dip in BTC prices, entering Buy-Low Dual Currency positions with buy levels below the $60k mark. 

  • As BTC rebounds to the middle of its recent trading range, users who are comfortable buying BTC at a lower price, and also willing to take some profit at a higher price, might consider entering both Buy-Low and Sell-High positions simultaneously (see next section for more detailed explanation). 

Buy-Low & Sell High BTC Dual Currency

Tenor: 10 days (17-May-2024)

BTC reference: 63543

Buy Level & Sell Level: 59000 and 68000

Receives 23% APY (Combined)

Knowledge Sharing - Entering into Buy-Low and Sell-High simultaneously

In a market lacking a clear direction, similar to traditional finance, some users might adopt a strategy akin to the 'Strangle' in options trading by simultaneously entering both Buy-Low and Sell-High Dual Currency positions. This strategy is particularly suited for investors who have Bitcoin and also possess spare stablecoins, allowing them to capitalize on potential market movements without a definitive trend.

Suitable for Users:

  • This strategy is ideal for individuals who currently hold cryptocurrencies such as Bitcoin and also have spare stablecoins. It allows them to potentially take profit on their cryptocurrency holdings, or buy more crypto at a lower price.

  • Users who wish to leverage market volatility without committing to a single market direction find this strategy appealing. It offers a balanced approach to trading that can maximize opportunities irrespective of whether the market trends upwards or downwards.

Advantages:

  • The primary advantage of entering both Buy-Low and Sell-High positions is that only one side will be exercised, providing controlled exposure to the market. This guarantees action on one front while preventing simultaneous risks on both ends.

  • By setting up a wider range between buy and sell levels, investors can monetize the volatility without the need for pinpoint accuracy in predicting short-term price ranges. This broader range can reduce the likelihood of getting converted while earning a high APY.

Risks:

  • While this strategy provides some cushion against volatility, it still relies on the user's ability to predict the market range to some extent.

  • The funds used for these positions are tied up until the trade's maturity. This lock-up can prevent the user from pursuing other investment opportunities that might emerge.

DISCLAIMER: The content of this article does not constitute financial advice and is for informational purposes only. The price of digital assets can go down as well as up, and you may lose all of your capital. Investors should consult a professional advisor before making any investment decisions.

Dual Currency Pricing at a glance

Indicative Pricing Date: 07-May-24

BTC reference price: 63543.84

BTC Buy-Low APY:

Buy Levels

1 days (08- May)

2 days (09- May)

3 days (10- May)

10 days (17- May)

17 days (24- May)

24 days (31- May)

52 days (28- Jun)

80 days (26- Jul)

143 days (27- Sep)

63500

75.10%

90.30%

82.00%

73.10%

65.30%

50.50%

43.00%

34.30%

63000

47.30%

68.90%

65.30%

59.90%

48.00%

41.40%

33.50%

62500

56.80%

58.00%

54.80%

45.70%

39.90%

32.60%

62000

45.70%

51.10%

49.80%

43.30%

38.40%

31.80%

61500

35.60%

44.50%

45.10%

41.10%

37.00%

31.00%

61000

26.00%

38.20%

40.50%

38.80%

35.40%

30.20%

60500

32.50%

36.30%

36.60%

34.00%

29.40%

60000

27.30%

32.30%

34.60%

32.60%

28.70%

59500

22.40%

28.60%

32.60%

31.30%

27.90%

59000

25.10%

30.60%

29.90%

27.10%

BTC Sell-High APY:

Sell Levels

1 days (08- May)

2 days (09- May)

3 days (10- May)

10 days (17- May)

17 days (24- May)

24 days (31- May)

52 days (28- Jun)

80 days (26- Jul)

143 days (27- Sep)

64000

58.60%

80.80%

82.10%

73.10%

66.70%

53.70%

46.70%

38.20%

64500

42.20%

69.30%

65.60%

61.20%

51.20%

45.10%

37.30%

65000

57.70%

58.50%

56.10%

48.80%

43.60%

36.50%

65500

47.20%

51.90%

51.20%

46.50%

42.10%

35.60%

66000

37.90%

46.00%

46.80%

44.30%

40.60%

34.80%

66500

29.30%

40.30%

42.50%

42.10%

39.20%

34.10%

67000

21.60%

35.00%

38.40%

40.10%

37.80%

33.30%

67500

30.20%

34.70%

38.10%

36.50%

32.50%

68000

25.80%

31.10%

36.20%

35.20%

31.80%

ETH reference price: 3068.58

ETH Buy-Low APY:

Buy
Levels

1 days (08-
May)

2 days (09-
May)

3 days (10-
May)

10 days (17-
May)

17 days (24-
May)

24 days (31-
May)

52 days (28-
Jun)

80 days (26-
Jul)

143 days (27-
Sep)

3050

103.80%

115.50%

98.70%

87.90%

75.90%

55.50%

46.60%

37.50%

3000

41.80%

74.50%

73.20%

65.90%

50.90%

43.60%

35.90%

2950

54.10%

60.10%

56.80%

46.40%

40.70%

34.30%

2900

37.10%

48.60%

48.50%

42.30%

37.90%

32.70%

2850

23.20%

38.40%

41.10%

38.30%

35.30%

31.20%

2800

29.70%

34.50%

34.60%

32.70%

29.60%

2750

22.10%

28.50%

31.20%

30.20%

28.20%

2700

23.30%

27.90%

27.80%

26.70%

2650

24.90%

25.60%

25.30%

2600

22.20%

23.40%

23.90%

ETH Sell-High APY:

Sell
Levels

1 days (08-
May)

2 days (09-
May)

3 days (10-
May)

10 days (17-
May)

17 days (24-
May)

24 days (31-
May)

52 days (28-
Jun)

80 days (26-
Jul)

143 days (27-
Sep)

3100

98.20%

109.00%

98.30%

89.30%

77.60%

58.40%

49.90%

40.60%

3150

35.30%

73.40%

74.10%

66.30%

53.20%

46.60%

38.90%

3200

52.90%

60.80%

56.20%

48.40%

43.60%

37.20%

3250

36.90%

49.80%

47.70%

44.20%

40.60%

35.60%

3300

23.40%

39.90%

39.80%

40.10%

37.80%

34.00%

3350

31.30%

33.00%

36.30%

35.20%

32.50%

3400

24.10%

27.10%

32.80%

32.80%

31.10%

3450

22.00%

29.70%

30.50%

29.70%

3500

26.80%

28.30%

28.40%

BNB reference price: 588.6717

BNB Buy-Low APY:

Buy Levels

1 days (08- May)

2 days (09- May)

3 days (10- May)

10 days (17- May)

17 days (24- May)

24 days (31- May)

52 days (28- Jun)

80 days (26- Jul)

143 days (27- Sep)

586

42.90%

54.00%

50.20%

47.00%

39.80%

34.90%

29.50%

583

45.70%

45.10%

43.40%

38.10%

33.80%

28.90%

580

38.00%

40.30%

40.00%

36.50%

32.70%

28.30%

577

30.90%

35.80%

36.70%

34.90%

31.70%

27.80%

574

24.40%

31.60%

33.60%

33.30%

30.60%

27.20%

571

27.50%

30.60%

31.80%

29.60%

26.60%

568

23.80%

27.80%

30.30%

28.60%

26.00%

565

24.70%

28.70%

27.50%

25.40%

562

22.20%

27.30%

26.50%

24.80%

BNB Sell-High APY:

Sell Levels

1 days (08- May)

2 days (09- May)

3 days (10- May)

10 days (17- May)

17 days (24- May)

24 days (31- May)

52 days (28- Jun)

80 days (26- Jul)

143 days (27- Sep)

589

69.50%

79.90%

81.30%

61.20%

52.20%

46.80%

37.00%

31.30%

25.30%

592

36.50%

52.30%

52.40%

47.00%

43.20%

35.40%

30.20%

24.70%

595

27.30%

44.20%

42.20%

39.70%

33.80%

29.20%

24.20%

598

36.70%

37.60%

36.40%

32.20%

28.20%

23.70%

601

29.90%

33.30%

33.20%

30.70%

27.30%

23.10%

604

23.70%

29.30%

30.20%

29.30%

26.30%

22.60%

607

25.60%

27.40%

27.90%

25.40%

22.10%

610

22.10%

24.80%

26.60%

24.50%

21.60%

613

22.30%

25.30%

23.60%

21.10%

616

24.00%

22.80%

20.60%

AVAX reference price: 36.8207

AVAX Buy-Low APY:

Buy Levels

1 days (08- May)

2 days (09- May)

3 days (10- May)

10 days (17- May)

17 days (24- May)

24 days (31- May)

52 days (28- Jun)

80 days (26- Jul)

143 days (27- Sep)

36.8

86.70%

118.70%

122.00%

94.00%

80.10%

71.80%

56.30%

48.00%

39.20%

36.4

37.40%

65.70%

76.00%

69.40%

64.20%

52.80%

45.80%

38.00%

36

21.60%

59.90%

59.40%

57.10%

49.40%

43.50%

36.80%

35.6

45.70%

50.20%

50.40%

46.10%

41.40%

35.50%

35.2

33.40%

41.80%

44.20%

42.90%

39.20%

34.30%

34.8

22.80%

34.20%

38.40%

39.80%

37.10%

33.20%

34.4

27.40%

33.20%

36.90%

35.10%

32.00%

34

21.40%

28.30%

34.00%

33.10%

30.80%

33.6

23.80%

31.30%

31.20%

29.60%

33.2

28.80%

29.30%

28.50%

AVAX Sell-High APY:

Sell Levels

1 days (08- May)

2 days (09- May)

3 days (10- May)

10 days (17- May)

17 days (24- May)

24 days (31- May)

52 days (28- Jun)

80 days (26- Jul)

143 days (27- Sep)

37.2

65.80%

98.70%

104.90%

83.70%

71.90%

64.40%

50.20%

42.30%

33.90%

37.6

28.50%

56.10%

67.30%

62.00%

57.30%

47.00%

40.30%

32.80%

38

52.90%

53.10%

50.80%

43.90%

38.30%

31.70%

38.4

40.50%

45.00%

44.70%

41.00%

36.40%

30.60%

38.8

29.80%

37.80%

39.20%

38.30%

34.60%

29.60%

39.2

20.70%

31.30%

34.20%

35.70%

32.80%

28.60%

39.6

25.40%

29.60%

33.20%

31.10%

27.70%

40

20.40%

25.50%

30.90%

29.50%

26.70%

40.4

21.80%

28.70%

28.00%

25.80%

DOT reference price: 7.121

DOT Buy-Low APY:

Buy
Levels

1 days (08-
May)

2 days (09-
May)

3 days (10-
May)

10 days (17-
May)

17 days (24-
May)

24 days (31-
May)

52 days (28-
Jun)

80 days (26-
Jul)

143 days (27-
Sep)

7.12

121.10%

127.20%

121.80%

88.30%

78.00%

70.30%

55.60%

48.20%

39.50%

7.07

69.20%

82.30%

76.20%

70.80%

65.30%

53.30%

46.70%

38.70%

7.02

20.70%

48.10%

64.80%

64.00%

60.40%

51.00%

45.30%

37.90%

6.97

54.20%

57.40%

55.80%

48.80%

43.80%

37.10%

6.92

44.40%

51.20%

51.30%

46.60%

42.40%

36.30%

6.87

35.40%

45.40%

47.00%

44.50%

41.00%

35.50%

6.82

27.20%

39.80%

42.90%

42.40%

39.60%

34.70%

6.77

34.70%

39.00%

40.40%

38.20%

34.00%

6.72

29.80%

35.30%

38.40%

36.90%

33.20%

6.67

25.30%

31.80%

36.50%

35.60%

32.40%

DOT Sell-High APY:

Sell Levels

1 days (08- May)

2 days (09- May)

3 days (10- May)

10 days (17- May)

17 days (24- May)

24 days (31- May)

52 days (28- Jun)

80 days (26- Jul)

143 days (27- Sep)

7.17

88.80%

101.30%

100.70%

76.90%

69.10%

62.40%

49.30%

42.30%

34.00%

7.22

51.40%

66.50%

65.80%

62.50%

57.70%

47.10%

41.00%

33.30%

7.27

37.40%

55.60%

56.30%

53.20%

45.10%

39.70%

32.60%

7.32

46.20%

50.50%

49.00%

43.10%

38.40%

31.90%

7.37

37.60%

44.90%

44.90%

41.10%

37.10%

31.20%

7.42

29.80%

39.90%

41.10%

39.30%

35.90%

30.50%

7.47

22.80%

35.20%

37.50%

37.50%

34.70%

29.90%

7.52

30.80%

34.10%

35.80%

33.60%

29.20%

7.57

26.70%

31.00%

34.10%

32.40%

28.60%

MATIC reference price: 0.7035

MATIC Buy-Low APY:

Buy Levels

1 days (08- May)

2 days (09- May)

3 days (10- May)

10 days (17- May)

17 days (24- May)

24 days (31- May)

52 days (28- Jun)

80 days (26- Jul)

143 days (27- Sep)

0.7

44.10%

96.50%

107.00%

89.50%

77.50%

70.00%

55.50%

47.50%

38.90%

0.69

39.80%

66.90%

63.80%

60.30%

50.90%

44.60%

37.30%

0.68

47.90%

51.70%

51.50%

46.70%

41.80%

35.80%

0.67

31.70%

40.70%

43.40%

42.50%

39.00%

34.20%

0.66

31.10%

36.00%

38.50%

36.30%

32.70%

0.65

22.70%

29.40%

34.80%

33.60%

31.10%

0.64

23.60%

31.20%

31.10%

29.60%

0.63

27.90%

28.70%

28.10%

0.62

24.90%

26.40%

26.70%

0.61

22.00%

24.20%

25.30%

MATIC Sell-High APY:

Sell Levels

1 days (08- May)

2 days (09- May)

3 days (10- May)

10 days (17- May)

17 days (24- May)

24 days (31- May)

52 days (28- Jun)

80 days (26- Jul)

143 days (27- Sep)

0.71

48.30%

89.50%

98.60%

81.80%

70.70%

63.60%

49.80%

42.10%

33.70%

0.72

38.70%

60.90%

58.10%

54.40%

45.60%

39.40%

32.30%

0.73

43.50%

47.00%

46.30%

41.70%

36.90%

30.90%

0.74

29.20%

37.40%

39.00%

38.10%

34.50%

29.60%

0.75

29.10%

32.50%

34.80%

32.20%

28.30%

0.76

22.10%

26.90%

31.60%

30.10%

27.10%

0.77

21.90%

28.80%

28.10%

25.90%

0.78

26.00%

26.10%

24.70%

0.79

23.60%

24.30%

23.60%

ATOM reference price: 9.1598

ATOM Buy-Low APY:

Buy Levels

1 days (08- May)

2 days (09- May)

3 days (10- May)

10 days (17- May)

17 days (24- May)

24 days (31- May)

52 days (28- Jun)

80 days (26- Jul)

143 days (27- Sep)

9.1

82.00%

97.00%

86.40%

75.60%

68.70%

54.90%

47.10%

38.70%

9

45.80%

69.10%

65.10%

61.20%

51.40%

44.90%

37.50%

8.9

53.70%

55.40%

54.30%

48.00%

42.60%

36.30%

8.8

40.20%

46.50%

47.70%

44.70%

40.50%

35.10%

8.7

28.60%

38.40%

41.70%

41.60%

38.30%

33.90%

8.6

31.20%

36.10%

38.50%

36.30%

32.70%

8.5

24.70%

31.00%

35.60%

34.20%

31.50%

8.4

26.30%

32.90%

32.30%

30.30%

8.3

22.00%

30.20%

30.40%

29.20%

ATOM Sell-High APY:

Sell Levels

1 days (08- May)

2 days (09- May)

3 days (10- May)

10 days (17- May)

17 days (24- May)

24 days (31- May)

52 days (28- Jun)

80 days (26- Jul)

143 days (27- Sep)

9.2

130.90%

131.70%

127.10%

90.70%

76.10%

67.40%

51.50%

43.20%

34.30%

9.3

53.20%

73.50%

73.40%

65.70%

60.00%

48.20%

41.10%

33.20%

9.4

31.40%

58.20%

56.40%

53.20%

45.10%

39.00%

32.10%

9.5

44.90%

47.90%

46.90%

42.10%

37.10%

31.00%

9.6

33.50%

40.30%

41.20%

39.20%

35.20%

30.00%

9.7

23.80%

33.60%

36.00%

36.60%

33.40%

29.00%

9.8

27.50%

31.30%

34.10%

31.70%

28.00%

9.9

22.20%

27.00%

31.70%

30.10%

27.10%

10

23.10%

29.50%

28.50%

26.20%

10.1

27.40%

27.10%

25.30%

SOL reference price: 154.78

SOL Buy-Low APY:

Buy
Levels

1 days (08-
May)

2 days (09-
May)

3 days (10-
May)

10 days (17-
May)

17 days (24-
May)

24 days (31-
May)

52 days (28-
Jun)

80 days (26-
Jul)

143 days (27-
Sep)

153.8

74.50%

91.80%

84.70%

74.60%

67.90%

54.50%

46.90%

38.60%

152.8

30.30%

60.70%

74.30%

68.30%

63.50%

52.40%

45.50%

37.80%

151.8

33.90%

64.60%

62.30%

59.20%

50.40%

44.20%

37.10%

150.8

55.60%

56.60%

55.10%

48.40%

42.90%

36.40%

149.8

47.30%

51.20%

51.20%

46.40%

41.60%

35.70%

148.8

39.60%

46.10%

47.40%

44.50%

40.30%

35.00%

147.8

32.60%

41.20%

43.80%

42.70%

39.10%

34.30%

146.8

26.20%

36.70%

40.30%

40.80%

37.80%

33.50%

145.8

20.70%

32.70%

37.30%

39.20%

36.70%

32.90%

SOL Sell-High APY:

Sell Levels

1 days (08- May)

2 days (09- May)

3 days (10- May)

10 days (17- May)

17 days (24- May)

24 days (31- May)

52 days (28- Jun)

80 days (26- Jul)

143 days (27- Sep)

154.8

218.60%

175.00%

155.80%

99.30%

80.90%

70.80%

53.10%

44.20%

34.80%

155.8

106.30%

119.30%

118.80%

88.10%

74.40%

66.20%

51.00%

42.90%

34.10%

156.8

71.60%

86.30%

77.80%

68.30%

61.90%

49.10%

41.60%

33.50%

157.8

31.50%

58.20%

68.10%

62.50%

57.70%

47.10%

40.40%

32.80%

158.8

34.30%

59.30%

57.00%

53.70%

45.30%

39.20%

32.20%

159.8

51.10%

51.90%

49.90%

43.50%

38.00%

31.50%

160.8

43.60%

47.10%

46.30%

41.80%

36.90%

30.90%

161.8

36.70%

42.50%

42.90%

40.10%

35.80%

30.30%

162.8

30.50%

38.30%

39.70%

38.50%

34.70%

29.70%

163.8

24.80%

34.30%

36.60%

36.90%

33.60%

29.10%

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