OKX has launched the Snowball product

OKX has launched a new structured product called Snowball, which includes two strategies: Bullish Snowball and Bearish Snowball. The returns depend on the volatility of the target cryptocurrencies BTC and ETH. The investment currency for the Bullish Snowball is USDT, with a minimum investment amount of 100,000 USDT, and the target currency can be either BTC or ETH. The investment currencies for the Bearish Snowball are BTC or ETH, with a minimum investment amount of 5 BTC for BTC and 50 ETH for ETH, and the target currency is the invested currency.

The Snowball product provides users with higher returns while also offering corresponding protection during significant market fluctuations. For the Bullish Snowball, users can achieve high USDT-denominated returns in both rising or sideways markets, and only in cases of severe market downturns might users incur some losses. Similarly, for the Bearish Snowball, users can obtain high cryptocurrency-denominated returns in cases of declining or sideways prices. (source link)