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Start earning attractive real yields with ProdigyFi’s Dual Investment vaults today.

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Buy low, sell high, earn either way

Buy low, sell high, earn either way

Earn yields while you position yourself to buy assets at a lower price or sell them at a higher price. Seize the opportunity to grow your wealth by capturing profits in any market condition.

Build your vault, boost your profits

Build your vault, boost your profits

Set strike prices and expirations, provide liquidity, and seize high-return opportunities with controlled risk. Maximize profits in any market condition while managing downside.

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How it works

  • Vault Subscribers
  • Vault Creators

Choose Vault Choose Vault

Choose from a list of ready-made vaults with different strategies and terms. Each vault has predefined parameters like target price, duration, and yield, allowing you to select one that fits your investment goals.

Subscribe Subscribe

Invest in your chosen vault and lock in its fixed yield. Your funds remain in the vault until expiration. If the market reaches the target strike price after expiration, you buy low or sell high while securing your yield.

Earn Earn

At expiration, receive a payout based on the vault's terms. Regardless of market movements, your return is secured by the fixed yield, offering a straightforward way to achieve high returns.

Create Vault Create Vault

Create a vault by choosing your own conditions, like target price, expiration, and yield. This flexibility allows you to offer attractive opportunities while managing risk.

Customize Parameters Customize Parameters

Deposit assets to provide liquidity and make your vault available for investors. The more competitive your yield and terms, the more likely you are to attract subscriptions and maximize your potential profits.

Take Profit Take Profit

At expiration, if the market reaches your target, you profit from buying or selling at a favorable price. If not, you pay the yield to investors, balancing potential profits with risk management.

A Versatile
DeFi Ecosystem

Prodigy Finance offers earning opportunities, strategic trading, and risk management for everyone.

  • Earn Attractive Yields

    Earn Attractive Yields

    Subscribe to vaults that match your desired yield and risk levels to enjoy yield farming opportunities.

  • Trading Products for All Traders

    Trading Products for All Traders

    Variety of DCI vault options for traders of all experience levels. Begin with low-risk vaults that provide fixed yields for steady returns, allowing you to build experience in options trading.

  • Leverage on Market Opportunities

    Leverage on Market Opportunities

    Optimize your positions by capitalizing on price differences between vault strike prices and the broader market.

  • Permissionless Trade Execution

    Permissionless Trade Execution

    Strategically and permissionlessly subscribe to or create vaults that matches your market predictions, maximizing returns from price movements.

Dual Token Trading is for everyone.
Become a trading prodigy today!

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FAQ

1. What is Dual Investment?
Prodigy’s Dual Investment product offers you the opportunity to leverage your view of the market to buy or sell cryptocurrencies, such as Wrapped Ethereum (WETH), while earning rewards in the process.
Dual Investment is a non-principal-guaranteed, high-yield structured financial product involving two different assets.
2. How do I use a product like Dual Investment?
From first-time investors to professional traders, Dual Investment can be utilized on its own or as an addition to a mixed investment strategy. Here are some of the use cases you can deploy:
  • Sell High: Sell your WETH (for USDC) at a preferred price level that is higher than the current market price in the near future, plus earn rewards on your deposit.
  • Buy Low: Buy WETH (with USDC) at a preferred price level that is lower than the current market price in the near future, plus earn rewards on your deposit.
  • Income Generation: If you expect stability in prices, you might use Dual Investment to generate income. The rewards at expiration can potentially enhance overall returns.
  • Diversification: Whether you want to HODL or trade, Dual Investment is a smart addition to various investment strategies to boost returns by earning rewards.
3. How does a vault work?
Each vault is a smart contract, which transparently and securely automates the actions required to operate throughout its lifecycle, from managing deposits to checking the oracle price to determine the settlement scenario and to sending rewards…etc.
Each vault is created by an approved Liquidity Provider (LP). The LP completes a form to create a vault, depositing the required liquidity in the process.
4. What are the parameters of a vault?
During vault creation, the LP customizes the following parameters:
  • Asset pair: WETH-USDC
  • Direction: Buy Low or Sell High
  • Linked Price: The fixed price at which to buy or sell WETH
  • Yield: The earnings – expressed as a percentage – offered to vault subscribers.
  • Expiry: The date when the vault expires.
  • Quantity: The total liquidity LPs provide for Users to subscribe.
5. How does a vault work?
Anyone with the assets to consistently create vaults could be our LP.
For every vault, the LP deposits the necessary liquidity to cover the two potential scenarios for a given vault:

1) Linked Price Reached, and

2) Linked Price Not Reached.

Since a vault’s configuration always includes rewards, the LP must deposit the required rewards in both tokens to cover the two possible settlement scenarios.

In a Buy Low vault, the LP inputs a maximum Quantity of USDC at the Linked Price. Subscribers can then deposit USDC into this vault for the opportunity to buy WETH at the Linked Price. The LP also deposits USDC to cover the rewards for the Linked Price Not Reached scenario. Here is the deposit formula for the LP creating a Buy Low vault:

  • WETH: Quantity * (1+Yield) / Linked Price
    • The WETH covers the Linked Price Reached scenario: Subscribers receive WETH at the Linked Price based on their deposits, plus rewards in WETH. LP receives the subscribers’ USDC plus any unfilled liquidity.
  • USDC: Quantity * Yield
    • The USDC covers the Linked Price Not Reached scenario: Subscribers keep their USDC principal and get rewards in USDC. LP receives WETH plus any unfilled liquidity.
In a Sell High vault, the LP inputs a maximum Quantity of WETH at the Linked Price. Subscribers can then deposit WETH into this vault for the opportunity to sell their WETH for USDC at the Linked Price. The LP also deposits WETH to cover the rewards for the Linked Price Not Reached scenario. Here is the deposit formula for the LP creating a Sell High vault:
  • WETH: Quantity * yield
    • The WETH covers the Linked Price Not Reached scenario: Subscribers keep their WETH principal and get rewards in WETH. LP receives USDC plus any unfilled liquidity.
  • USDC: Quantity * LinkedPrice * (1+yield)
    • The USDC covers the Linked Price Reached scenario: Subscribers’ receive USDC at the Linked Price plus rewards in USDC. LP receives the subscribers’ WETH plus any unfilled liquidity.
6. What are the key fields when subscribing to a vault?
Prodigy’s Dual Investment product presents a variety of vaults that each have a set of conditions to which you can subscribe as desired. The key conditions are:
  • All Investments Table
    • Asset pair: The base asset you want to trade, such as WETH.
    • Market Direction: The direction of the trade, expressed as “Buy Low” or “Sell High”.
    • Linked Price: The fixed price at which you want to buy or sell an asset.
    • APY: Annualized Percentage Yield represents the annual return equivalent obtained by consistently purchasing the product at the specified yield throughout an entire year.
      • The formula is Yield / (Expiry Date – Today ) * 365.
    • Vault ID: The unique ID for the vault.
      • The format includes both tokens in the pair, the Direction (B=Buy Low, S=Sell High), the Expiration Date, the Linked Price, and a 3-character unique string.
    • Expiration Date: The fixed date and time (16:00 UTC+8) on which the vault’s Direction + Linked Price will be compared to the current oracle price for base asset to determine settlement.
  • Subscription Details
    • Subscription Amount: The amount of the required token you want to deposit.
    • Wallet Balance: The amount of the deposit token you have in your connected wallet.
    • Available Liquidity: The remaining liquidity in the vault available to be subscribed.
    • Yield: The earnings – expressed as a percentage. The Yield is set for a given vault by the Liquidity Provider.
    • Reward: The earnings you will receive based on your deposit and the vault’s yield.
      • The formula is: Subscription Amount * Yield.
    • You Receive: The amount you could receive for each Linked Price scenario if you deposit into the vault.
7. How are rewards calculated?
Annualized Percentage Yield(APY) formula: Yield / (Expiry Date – Today ) * 365

Yield: Set by the vault owner.

Rewards calculation: Subscription Amount * Yield

The following summarizes the calculation of the total amount you will receive based on the vault direction and Linked Price outcome.

Buy Low (WETH-USDC) –
In a Buy Low vault, the Subscriber deposited USDC. There are two possible scenarios on the Expiration Date:
  • Linked Price is reached = You receive WETH at the Linked Price + earned rewards:
    • Subscription Amount * (1 + Yield) / Linked Price, in WETH
  • Linked Price is not reached = You keep your principal + earned rewards in USDC:
    • Subscription Amount * (1 + Yield) USDC
Sell High (WETH-USDC) –
In a Sell High vault, the subscriber deposited WETH. There are two possible scenarios on the Expiration Date:
  • Linked Price is reached = You receive USDC at the Linked Price + earned rewards:
    • Subscription Amount * (1 + Yield) / Linked Price, in USDC
  • Linked Price is not reached = You keep your principal + earned rewards in WETH:
    • Subscription Amount * (1 + Yield), in WETH
8. How can I view my subscriptions?
Once you have subscribed to a vault, you can view your subscription under the MY INVESTMENTS tab. Please connect the wallet you used to make the subscription.
9. Can I edit or cancel my subscription after it has been accepted?
Unfortunately, you cannot edit or cancel your subscription after you subscribe. You will be able to withdraw after expiry.
10. Can a vault be canceled after I subscribe to it?
An LP can cancel the unfilled liquidity in a vault before expiry, but any subscriptions accepted to that vault are honored through vault expiration.
11. How is the final price determined at expiration?
Each vault has an Expiration Date. All vaults on a given Expiration Date expire at the same time. We capture the first oracle price for ETH (eg, “Oracle ETH Price”) at 16:00 (UTC+8) on the Expiration Date.

Note: For WETH price, we refer to ETH price
12. What price oracle does Prodigy use?
Prodigy uses Chainlink Data Feeds to obtain accurate real-time asset prices.
13. When will I receive my principal and reward?
The settled principal and reward can be withdrawn 1 hour after the expiration date/time.
14. Are there risks associated with Dual Investment?
Dual Investment is a non-principal guaranteed investment.
  • Once you have subscribed to a vault, your deposited assets are locked and you will not be able to cancel or withdraw them before the Expiration Date.
  • If the underlying asset price moves further away from the Linked Price, you lose the opportunity to buy or sell at a more favorable price. The Linked Price you select is the exact price of the transaction.
Prodigy is not liable for any losses incurred from market fluctuations.
15. How does Prodigy’s Dual Investment product use web3 technology?
Prodigy is a decentralized finance platform. For our Dual Investment product, a vault itself is a smart contract. All tokens are kept in the smart contracts during the lifecycle of the vault.

Prodigy does NOT have access to use these tokens in any way.
16. Do you have a token?
No, we do not offer a token at this time.
17. Do you have a Testnet?
Yes, you can find our Testnet at: testnet.prodigy.fi/earn.

You can find documentation on how to use our Testnet here.
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