Overview
Simple Earn
Staking
Structured Products
Specialized

Snowball

High yields, with price protection.

Risk Level
Advanced
Maximum Potential Loss
Partial Principal
Product Info
FAQ
Assets (USDT)
giftSvg
Bonus Center
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Yesterday's Profit (USDT)
***
Total Profit (USDT)
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Example:
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Subscribing to a BTC Snowball product may grant the following projected returns:
Subscription Details
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USDTInvest USDT
10,000 USDT
Amount
60,000 / 65,000
Protection Price / Take-Profit Price
61,000
Initial Price
7 days
Term
50%
Reference APR
Estimated Returns
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Product

Coins
Reference APR
Term
Protection LineTake-Profit Line
icon
BTC
88.87%7 days95%115%
icon
BTC
68.05%7 days94%115%
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BTC
49.08%7 days93%115%
icon
BTC
88.5%14 days95%115%
icon
BTC
53.14%14 days92%115%
icon
BTC
37.13%30 days90%115%
icon
BTC
26.98%30 days88%115%
icon
BTC
18.43%180 days75%115%
Features
More Gains
confirmProducts now have higher APR
confirmEnjoy high yields regardless of the settlement scenario
More Safety
confirmLower knock-in prices
confirmLower probability of getting knocked-out
More Variety
confirmPick from a diverse range of products
confirmChoose your investment currency

FAQ

1. What is Snowball (formerly Protective Earn)?

Snowball, formerly known as Protective Earn, is a structured investment product introduced by KuCoin. It's designed to offer users a safer and more profitable investment choice. During the holding period, the various price action scenarios of an underlying asset lead to different settlement outcomes.

2. Snowball Terminology

Underlying Asset: The base currency of the Snowball product.

Subscription Currency: The currency you're using to subscribe to the Snowball product.

Observation Price: The average index price of the underlying asset between 07:30 – 08:00 (UTC) each day.

Initial Price: The observation price on the day interest begins to accrue for the product.

Take-Profit Line: This line represents a percentage used to calculate the take-profit price. If the observation price exceeds the take-profit price, a knock-out occurs.

Take-Profit Price: Initial Price * Take-Profit Line (%)

Knock-Out: During the holding period, if the observation price on any given day surpasses the take-profit price, a knock-out event occurs.

Protection Line: This line represents a percentage used to calculate the protection price. If the observation price falls below the protection price, a knock-in occurs.

Protection Price: Initial Price * Protection Line (%)

Knock-In: During the holding period, if the observation price on any given day falls below the protection price, a knock-in event occurs.

Settlement Price: This is the observation price of the underlying asset on the normal maturity date or in the event of a knock-in/knock-out. It is determined as the average index price between 07:30 – 08:00 (UTC) on the day of settlement.

Holding Period: The date a knock-in/knock-out event occurs to the date the Snowball product starts accruing interest.

3. How are Snowball products settled?

Bullish Snowball
For Snowballs purchased in USDT (USDT-settled), there are three settlement scenarios: (1) No Knock-In/Knock-Out In this case, the daily observation price never rises above the knock-out price or falls below the knock-in price. The product reaches maturity and is settled normally. Settlement Amount = Principal + (Principal * APR / 365 * Days Held) (2) Knock-Out Occurs A knock-out occurs when the observation price exceeds the take-profit price on a given day of the term. Settlement Amount = Principal + (Principal * APR / 365 * Days Held until Knock-Out) (3) Knock-In Occurs A knock-in occurs when the observation price falls below the protection price on a given day of the term. Settlement Amount = (Principal / Initial Price of Underlying Asset) + (Principal * APR / 365 * Days Held / Observation Price of Underlying Asset on the Day of Knock-In) For Snowballs purchased in the same coin as the underlying asset (COIN-settled), such as BTC, ETH, and others: (1) The first and second scenarios are the same as described above. (2) Knock-In Occurs A knock-in occurs when the observation price falls below the protection price on a given day of the term. Settlement Amount = Principal * Observation Price on the Day of Knock-In / Initial Price + Principal * APR / 365 * Days Held
Bearish Snowball
The three settlement scenarios for a Bearish Snowball purchased in USDT: (1) No Knock-In or Knock-Out In this case, the daily observation price stays within the take-profit price and protection price. The product reaches maturity and is settled normally. Settlement Amount = Principal + (Principal * APR / 365 * Days Held) (2) Knock-Out Occurs A knock-out occurs when the observation price falls below the take-profit price on any day. Settlement Amount = Principal + (Principal * APR / 365 * Days Held until Knock-Out) (3) Knock-In Occurs A knock-in occurs when the observation price rises above the protection price on any day. Settlement Amount = Principal + (Principal * Initial Price / Observation Price on Knock-In Day)

4. How do I subscribe?

From the KuCoin website, click on the Earn tab in the top navigation bar and select Snowball (formerly known as Protective Earn). Under KuCoin Wealth Structured Products, select Snowball, and look for the product whose underlying asset, subscription currency, and projected APR is most suitable for you. Then click Subscribe to enter the subscription page.

5. Where can I view my subscriptions?

Go to your Financial Account to get an overview of your subscriptions. Click on Details to view specific information for each subscribed product.