Bitcoin

How the return is generated

Capital allocated to this product accrues at the published target rate from the platform reward pool. Accrual is calculated daily and stops if the pool is not funded — it is not produced by trading your balance, and it is not a share of anything we earn elsewhere. The rate can be changed for new positions; a position that is already open runs on the terms it was opened with.

Terms and fees

Risk

Target returns are estimates and are not guaranteed. Digital assets are volatile; you may lose some or all of your investment. Past performance is not indicative of future results.

Market risk

The value of the underlying asset can fall. A return quoted in an asset is not a return in your home currency: if the asset falls against it, you can hold more of the asset and less value.

Reward pool risk

Accrual comes from a funded pool. If the pool is not funded, accrual stops. This is disclosed rather than hidden behind an average.

Liquidity risk

During a lock-up your capital is not available. Redemption and the payout that follows take time, and a fixed-term product cannot be shortened by asking.

Operational and counterparty risk

The platform is custodial: we hold the assets and you hold a claim on us. That claim depends on our controls, our solvency and the custody arrangements described in the security pages.

Liquidity and redemption

You can request redemption at any time. The amount is returned to your available balance, and the accrual stops on the day of redemption.