To open a DUO, please follow these steps:
Step 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.
Step 2: Choose your desired trading pair
We used CRV/USDT as an example.
Step 3: Select one of the two available input currencies.
For the CRV/USDT pairing, you have the option to choose between CRV and USDT.
Step 4: Determine the DUO duration
Which can range from 12 hours to 2 days. Each period has a specified yield. For example, you could choose the 1-day CRV/USDT option with a 278% APR.
Step 5: Click the "Start Earning" button
And accept the DUO terms and conditions.
Step 6: Your DUO is open!
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 duration, you will receive either CRV or USDT based on the market price at the time of redemption, along with the 278% APR calculated for the DUO duration. If the price of CRV is lower than when the position was opened, you will receive CRV with the 278% APR. If the price is equal to or higher, you will receive USDT along with up to 278% APR.
If you have any questions, please do not hesitate to contact our Customer Support team for assistance.
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Why Wirex?
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Diversification ✅ We offer 150+ assets
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Community ✅ We have an incredible community of 6m+ customers over the world
Efficiency ✅ Over $20bn transactions processed with us
Trusted ✅ $30m insurance on digital assets
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Convenient ✅ wide range of on-ramp methods and high limits
Disclaimer
The information contained herein has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for financial, legal, or investment advice. Wirex and any of its respective employees and affiliates do not provide financial, legal, or investment advice.
The value of cryptoassets may fluctuate significantly over a short period of time. The volatile and unprecedented fluctuations in price may result in significant losses over a short period of time. Any Cryptoassets may decrease in value or lose all its value due to various factors including discovery of wrongful conduct, market manipulation, change to the nature or properties of the Cryptoasset, governmental or regulatory activity, legislative changes, suspension or cessation of support for a Cryptoassets or other exchanges or service providers, public opinion, or other factors outside of our control. Technical advancements, as well as broader economic and political factors, may cause the value of Cryptoassets to change significantly over a short period of time.
