Wirex Help Centre
FAQ

What is DUO? 

DUO allows users to generate yield on their assets by locking them for a certain period. 

Can I open more than one DUO at a time?  

Yes, you can open multiple DUOs as long as you have available assets to lock.  

What are the benefits of using DUO? 

  • High yield: No matter the price, you will get passive income from your assets. 

  • Simplicity: You don´t need to understand any complex trading strategies or complicated UIs 

  • Short term: With a two -day maximum locking period, you can generate high yield and have your funds back into your wallet immediately afterwards. 

Can I track my position during the locking period?  

Yes, you can track your DUO during the duration and see which side of the pair you would receive at any given moment. 

What durations/locking periods are available? 

You can choose between 12 hours, 1 day, or 2 days .  

When will I get my returns? 

At the expiration of your DUO, you will receive the final amount of the Duo strategy.  

Which asset will I get at the end of the period? 

Depending on the market price at the end of your DUO, you will receive either one or the other of the cryptocurrency pair assets, plus the yield calculated for that locking period. 

Is it possible to edit or cancel my open DUO? 

No, you cannot cancel or edit your DUO, the period must expire.  

Are APRs fixed?  

The APR of a DUO is quoted and fixed for the duration of the DUO. 

*Crypto products, including Wirex DUO, can be risky for users. The value of your assets may change significantly and lead to a loss. Please do your research thoroughly. Subject to the Terms and Conditions and Privacy Policy.

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