Dual Investment
Antimatter Dual Investment - User Guide

Product Positioning (what)

Antimatter Dual Investment is an advanced options derivative based on a decentralised protocol. The product has a "market-neutral, returns guaranteed" feature, where the yield is clear and fixed at the time of purchase, while the settlement currency is uncertain. At maturity, the settlement currency depends on the outcome of the settlement price at maturity compared to the strike price.

Background (why)

Options derivatives are highly complex financial products, which are difficult to use and have high barriers to entry. Options derivatives often deter many users. Therefore, we are considering the introduction of simplified derivatives products to serve users more conveniently. Meanwhile, Antimatter is facing a real challenge of a plain product structure and the lack of real users. So we plan to develop more accessible products based on the original derivatives ecosystem, in order to find new growth room.

Business Advantages

  1. 1.
    First-mover advantage of 'DeFi+Dual Investment';
  2. 2.
    Easy and straightforward to operate;
  3. 3.
    Stable & higher yields;
  4. 4.
    Returns guaranteed regardless of how the market goes (within a range of volatility);
  5. 5.
    Flexible maturity.

Target User Groups

1. Hodlers in a fluctuating market

For example, if the whole cryptocurrency market is fluctuating, investors can purchase dual currency products with the right maturity to gain returns, as long as the price fluctuates within the relative fluctuation range of the "up and down threshold" before the maturity, they will gain higher income regardless of whether they end up settling in BTC or USDT. This is especially true for crypto hodlers and those who are not involved in derivatives trading such as contracts. As the volatile market does not allow for further gains, a dual currency product is a good option.

2. Falling markets: Dip buyers

For some experienced investors, they may have a prediction on the future of the market. For example, if you expect the cryptocurrency market to be in a downtrend for the next period of time and you are unable to accurately determine where the bottom is, but you expect the price to rise back in the future, you may be able to buy the dip with a Dual Investment. If you buy a coin-M Dual Invest product when the price is falling, you will not only get yields at settlement, but also more Bitcoins, as the BTC price is significantly lower than the strike price at maturity, and your coins will continue to increase in value when the price bottoms out and rises.

3. Rising market: Users who take profit

Similarly, if an investor predicts that the cryptocurrency market will be upward in the near future, and cannot accurately predict where the peak will be, but expects a further pullback in the future, they can also perform a take profit action through a Dual Investment. If you buy a USD-M dual invest product when the cryptocurrency price rises, and the BTC price is significantly higher than the strike price on the maturity date, you will be able to take profit at the 'upper threshold' plus the product yields at settlement. Not only will you have yields, but you will also gain more bitcoins. Meanwhile, your Bitcoin holdings will increase in value when the market rises again.

Main Competitors

1. Binance

Strength: Safe and stable, with a more complete mechanism and a wide variety of products.

2. Bybit

Strength: Adopts the spot price of Uniswap V3, hence involves a certain degree of DeFi attributes.