What's a bearish Shark Vault?

On the other hand, a user would opt for the bearish Shark Vault if they anticipate a decrease in the price of BTC/ETH. The final APY payout hinges on the price of BTC/ETH at the end of 7 days.The earnings are calculated using the following formula: Subscribed amount (1 + APY [7/365]). Estimated earnings can also be calculated on the Shark Vault subscription page, during the subscription period. The 3 scenarios are:

1. Below the range - basic APY%

2. Inside the range - between low APY and high APY depending on the price

3. Above the range - basic APY%

Here's a hypothetical situation where:

• Subscription amount: 1,000 USDT

• APY: 2% - 19%

• Term: 7 Days

• BTC price range: $18,000 - $21,000

Note: This example is presented for illustration purposes only and does not represent the future APY.

Examples of scenario

Scenario 1: Below the range Expiration price = $17,000 < $18,000, APY = 2%

Subscribed amount x APY x 7/365 = Earnings

Example: 1,000 x 2% x 7/365 = 0.384 USDT (Earnings)

Scenario 2: Within the range Expiration price = $19,500, within $18,000 - $21,000, APY = 19% - (19,500 - 18,000) / (21,000 - 18,000) x (19% - 4%) = 11.5%

Subscribed amount x APY x 7/365 = Earnings

Example: 1,000 x 11.5% x 7/365 = 2.205 USDT (Earnings)

Scenario 3: Above the range Expiration price = $24,000 > $21,000 APY = 2%

Subscribed amount x APY x 7/365 = Earnings

Example: 1,000 x 2% x 7/365 = 0.384 USDT (Earnings)