DUO is a structured investment product offered by Wirex that allows you to earn a fixed APR over a short-term period, typically ranging from 12 hours to 2 days. You choose from nearly 100 digital currency pairs and deposit one currency (the "invested" currency) while pairing it with another (the "quote" currency).
Your investment is locked for the chosen duration. At expiry, you receive your original deposit plus the fixed yield, but the settlement will be in either the invested or the quote currency, depending on market prices at that time.
DUO can provide an efficient way to generate returns from digital asset holdings while maintaining exposure to both assets in the pair.
DUO is not risk-free. The value of crypto assets is highly volatile. While the APR is fixed, your final payout is made in either of the paired currencies based on market performance at expiry. This means you could receive an asset that has declined in value during the investment term.