What's a bullish Shark Vault?

A user would subscribe to bullish Shark Vault when they expect the price of BTC/ETH to rise. The price of BTC/ETH at the end of 7 days will be taken to decide the final APY to be paid out.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: 1% - 18%

• 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 = 1%

Subscription amount x APY x 7 / 365 = Earnings

Example: subscribed amount x (1 + APY x [7/365]) = 0.192 USDT (Earnings)

Scenario 2: Within the range Expiration price = $19,500, within $18,000 - $21,000 , APY = 4% + (19,500 - 18,000) / (21,000 - 18,000) x (18% - 4%) = 11%

Subscribed amount x APY x 7/365 = Earnings

Example: 1,000 x 11% x 7/365 = 2.110 USDT (Earnings)

Scenario 3: Above the range Expiration price = $24,000 > $21,000 , APY = 1%

Subscribed amount x APY x 7/365 = Earnings

Example: 1,000 x 1% x 7/365 = 0.192 USDT (Earnings)