To open a DUO, please follow these steps:
1. In the Wirex app, navigate to the "Grow" section and select "DUO." The available DUO currency pairs will be displayed, sorted by Annual Percentage Return (APR) in ascending order.
2. Choose your desired trading pair, such as AAVE/USDT.
3. Select one of the two available input currencies. For the AAVE/USDT instrument, you have the option to choose between AAVE and USDT.
4. Select a DUO duration from 12 hours to 2 days. The return shown for each period may vary over time, as it reflects current market conditions and the selected duration. Once you start a DUO, the return is fixed for that position.
For example, a 2-day AAVE/USDT plan might offer a 1.32% fixed return, which is approximately 330% AER for comparison purposes.
5. Click the "Start Earning" button and accept the DUO terms and conditions.
6. Your active DUO position will be displayed in the "Active DUOs" section, where you can monitor its status at any time.
Upon completion of the DUO term, you will receive either AAVE or USDT depending on the market price at redemption.
- If the price of AAVE falls below the strike price, you will receive AAVE plus the agreed yield.
- If the price of AAVE is equal to or above the strike price, you will receive USDT plus the agreed yield.
The return is fixed for each DUO duration (e.g., 1.32% over 2 days) and shown clearly before you start. An AER may be provided for comparison only and does not represent the actual return you will receive
