Mobee Earn — Targeting Rewards. Controlling Risk.

Frequently Asked
Questions

What is the Flexi Earn?

Flexi Earn is invested on a Short Term Treasury Bills Token (STBT), representing a 1 US dollar equivalent of investments into US short-term treasury bills and overnight reverse repurchase agreements. STBT is maintained at a 1:1 peg with the US dollar and is only issued to accredited investors.

Where does the yield comes from?

The underlying assets for STBT are US treasury bills and overnight repurchase agreements (repos) fully collateralized by US government backed securities. The interest or yield earned from these underlying assets are then reflected in the daily accrual process of STBT token.

How is it minted?

The amount of STBT minted is equivalent to the amount of USDC being deposited into Matrixdock, the counterparty issuing the token. Similarly, STBT is burnt when clients withdraw their assets from Mobee.

How does it accrue interest?

Due to the nature of ERC 1400 tokens, upon New York market close, STBT’s smart contract will add STBT according to the interest rate of the underlying assets directly to your Mobee account. So you will see your STBT balance with us increase over time.

What is Dual Investment (DI)?

1) Buy Low - BTC: Buying the Dip

Select a strike price that you’d like to buy BTC. If it’s doesn’t fall to your strike price at the end of the term, you’ll earn USDT. If falls to the strike price or lower, you’ll buy BTC at a lower price than today’s current price and earn extra BTC.

Scenario 1: If the expiration price ≤ strike price, you’ll buy BTC at the strike price and earn yield in BTC.
Why is this good: You can buy BTC at lower price and sell high later for profits.

Scenario 2: If the expiration price > strike price, you’ll keep original USDT and earn yield in USDT.
Why is this good: You can accumulate more USDT through yields at a much higher interest rate than existing alternatives.

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2) Sell High - BTC: Selling the Rip

Select a strike price that you’d like to sell BTC. If it’s doesn’t reach to your strike price at the end of the term, you’ll earn BTC. If reaches to the strike price or higher, you’ll sell BTC at the strike price and earn extra USDT.

Scenario 1: If the expiration price < strike price, you’ll keep original BTC and earn yield in BTC
Why is this good: You can accumulate more BTC through yields at a much higher interest rate than existing alternatives.

Scenario 2: If the expiration price ≥ strike price, you’ll sell BTC at the strike price and earn yield in USDT.
Why is this good: You can sell BTC at higher price for profit and have more USDT to buy BTC again at lower price.

Is Dual Investment (DI) for me?

This product is suitable for advanced or basic traders who want to get extra yield, there are various reasons to use Dual Investment. Here are some common investment strategies using Dual Investment:

1) Take profit: Selling your asset (BTC/ETH) with a Strike Price to gain investment gains, while also getting extra yield.

2) Buy the dips: Buying an asset (BTC/ETH) with a Strike Price when the market price drops, and getting Interest Yield.

3) Accumulate crypto: You have an asset (BTC/ETH) and want to get extra yield while holding it.

4) Accumulate stablecoin: You have stablecoins (USDT/USDC) and want to get extra yield while holding them.

How do "Buying Low" works?

The Buying Low product gives you the opportunity to purchase the asset you want (such as BTC) at a lower price in the future using stablecoins (USDT).

There are two scenarios:
1) If the Market Price is below or close to the Strike Price at the Maturity Date, the asset (BTC) will be purchased.
2) If the Market Price is above the Strike Price at the Maturity Date, you will continue to hold the stablecoins (USDT).

In both scenarios, you will receive Interest Yield in the form of stablecoins first. Then, when the Strike Price is reached (in the case of scenario 1), your Principal Amount and Interest Yield will be used to purchase BTC.

How do "Selling High" works?

The Selling High product gives you the opportunity to sell the asset you already have (such as BTC) at a higher price in the future (for USDT).

There are two scenarios:1
) If the Market Price is above or close to the Strike Price at the Maturity Date, your BTC will be sold (for USDT).
2) If the Market Price is below the Strike Price at the Maturity Date, you will continue to hold the asset (BTC).

In both scenarios, you will receive Interest Yield in the form of the asset (BTC) first. Then, when the Strike Price is reached, your Principal Amount and Interest Yield will be sold (for USDT).

Can I exit early?

If you already subscribed to a specific Vault, then the Strike Price, Maturity Date, and APR are fixed and cannot be revised until the subscription is complete.

How are my returns calculated?

Interest Yield = Principal Amount * APR% * Tenor (in days) / 365.

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Here's a summary of the total amount you will receive in each scenario:

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For the Buying Low product, there are two possible scenarios at maturity:

1) If the Strike Price is reached: (Principal Amount + Interest Yield) / Strike Price

2) If the Strike Price is not reached: Principal Amount + Interest Yield

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For the Selling High product, there are two possible scenarios at maturity:

1) If the Strike Price is reached: (Principal Amount + Interest Yield) * Strike Price

2) If the Strike Price is not reached: Principal Amount + Interest Yield

When will I receive my returns?

Your principal will be returned at the end of maturity time. The tenure of each Dual Investment varied from 1 day, 2 days, 3 days, 7 days, 30 days, 180 days, and more.

How can the APR be so high?

The way Dual Investment work is by selling options contracts to options buyers. Options contracts have a premium, the premium that is generated by the option seller is what powered the yield. The premium price is higher given more time to expiration or greater implied volatility, hence the yield.

What is Fixed Investment?

Fixed Investent is a service offered by Mobee that allows you to earn interest on your digital asset deposits for a fixed period of time.

How it works?

Choose a Fixed Investent product that suits you, and deposit your assets for a specific period of time. Once the investment period is over, you will receive your original deposit plus the interest earned. We currently offer products in USDC, USDT, BTC, and ETH with tenors as short as 30 days up to 240 days.

Can I withdraw before maturity date?

We understand that there are circumstances where deposits may need to be redeemed before the end of the investment term, so early redemptions are available upon request. However, by withdrawing a deposit before the maturity date an interest penalty is incurred, calculated based on the time left until the end of the term, and the interest rate at which you subscribed.

How is the interest rate determined?

The interest rate for each Fixed Investent product is determined based on market conditions and other factors that our exchange takes into account.

What happens when prices fluctuates?

The interest rate for the Fixed Investent product is fixed for the entire period, regardless of market fluctuations. Hence you’ll receive your full principal back with fixed interest rate after the product matures. For example, if 1 BTC is deposited with 5% APR over 180 days maturity, then 1.025 BTC is returned upon maturity, regardless of what Bitcoin’s price is at that time.

Is my deposit safe?

Mobee takes security very seriously, and we employ various measures to protect your deposits. However, please note that there are risks associated with any investment aside from security risks such as price risk.

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