In this post, I want to introduce you to Bybit’s Shark Fin.

Never heard of it before?

It is a low-risk, principle-protected investment where you can earn up to 20% APR.

This will interest you if you seek a crypto passive income opportunity other than staking.

Fortunately, Shark Fin has some other advantages over the latter. Read to the end of the post to find more details.

How To Earn Up To 20% APR With Bybit’s Shark Fin

You may watch this video to see how Jude Umeano did it himself.

But if you’d rather read, I have explained everything you need to know below. Enjoy!

First and foremost, let’s understand what Shark Fin means!

What Is Shark Fin?

Shark Fin is a financial product that allows you to earn yields regardless of the market direction (bullish or bearish).

In addition, it is a principal-guaranteed investment with low risk.

Sounds cool, right?

It is called Shark Fin because its yield curve structure resembles a shark’s fin jutting out of the sea, as you will see shortly in this post.

This product was first introduced to the crypto space by the Bybit exchange.

Interesting!

Want to start earning with Bybit’s Shark Fin? See below!

Visit Bybit

How To Earn With Bybit’s Shark Fin

As earlier mentioned, Bybit Shark Fin offers up to 20% APR.

However, each product has a specific APR offer and an expiration date.

Another thing to note is this: the APR you earn is not fixed but determined by the performance of an underlying asset within a set price range.

These three categories are used to calculate your potential APR:

i. Maximum APR: This is the highest APR you can earn, depending on the asset’s performance.

ii. Enhanced APR: This has a relatively fair APR.

iii. Minimum APR: It is the lowest APR you can earn.

Earnings are only paid out at the settlement date or the expiration date.

In addition, the APRs are calculated based on the product you have subscribed to.

Continue below to learn more.

Visit Bybit

Bybit’s Shark Fin Products

Bybit offers two types of Shark Fin products.

• Bullish Shark Fin
• Bearish Shark Fin

1. Bullish Shark Fin

Here, you earn:

• Maximum APR if the price falls within the specified range at the settlement date.
• Enhanced APR if the price exceeds the specified range at the settlement date.
• Minimum APR if the price falls below the price range.

I’m sure the screenshot provides a better interpretation.

Now take, for example:

You want to invest in a Bullish Shark Fin, and the description reads as follows:

• Principal Investment: $100
• Duration: 7 days
• Price Range: $44,000 – $48,000
• APR: 2% -18%
• Enhanced APR: 8%
• Settlement Date: 2022-11-04 

This means that you will have to commit $100 to the product for 7 days.

At the settlement date, you will receive one of these three APRs:

• Maximum APR (18%), if the price is within $44,000 – $48,000
• Enhanced APR (8%) if the price is above $48,000
• Minimum APR (1%) if the price falls below $44,000.

I’m sure you got it.

2. Bearish Shark Fin

It is similar to Bullish Shark Fin, except for a switch in APR earnings.

As with the former, you earn the “Maximum APR” if the price is within the specified range.

However, in contrast to the former, you earn: 

• The “Minimum APR” if the price goes higher than the price range
• And the “Enhanced APY” if it is below the range. See the image above.

In other words, you will subscribe to this product type if you are bearish about the market.

See why you should invest in Bybit’s Shark Fin below!

Visit Bybit

Benefits of Bybit’s Shark Fin

If you’re still on the fence, here are 5 reasons to invest in Bybit’s Shark Fin.

i. Increase your stablecoin holdings

USDT and USDC stablecoins are the currencies supported by Bybit’s Shark Fin.

Hence, it is a perfect opportunity to earn guaranteed yields while holding your stablecoins.

{Suggested Read} How To Make A Million Naira Staking Crypto On Bybit

ii. Make money in any direction of the market

With Bybit’s Shark Fin, you make money irrespective of the market direction.

Thankfully, it allows you to invest based on your predictions.

I think traders who are familiar with the market trend will make a tonne of money from this.

iii. Low Risk

It is a low-risk investment, thus protecting investors’ portfolios from suffering losses.

Furthermore, it is a better option when compared to staking volatile crypto assets.

iv. Guaranteed Returns

Bybit’s Shark Fin offers investors a guaranteed return.

The actual return, however, depends on the settlement price of an asset at the settlement date.

v. Zero Fees

Bybit’s Shark Fin is free!

This means you receive a 100% return on your investment.

Ready to invest?

Follow me to the next section.

Visit Bybit

How To Invest In Bybit’s Shark Fin

• First, sign up for a Bybit account using this link.

• Upon logging in, you must deposit at least $100 worth of USDT into your account. Learn how to deposit on Bybit here.

• Next, go to “Earn” and select “Shark Fin.”

• Select your preferred product and subscribe.

It’s that easy!😚

Visit Bybit

Conclusion

Thanks for reading to the end. I hope you enjoyed the post.

Bybit’s Shark Fin is your sure bet if you are looking for a stable passive income stream with a guaranteed yield.

I would love to get your feedback.

Tell me what you think about this product.

Do you find it to be a reliable source of passive income?

Put your comment in the box provided below.

Share the post with friends by clicking the social media buttons below. Thank you!

Have you signed up for Bybit yet? Sign up here.