Amber Group, a Hong Kong-based crypto finance service provider, announced on Wednesday it is launching a new yield-enhancement product called ‘Yield Boost’ in the Amber App. According to Amber, Yield Boost will allow users to monetize their market view on major crypto assets and earn an attractive return. By offering an easy to use investment product at highly competitive yields, Amber encourages more people to start investing in digital assets than ever before.
“Users can subscribe to Yield Boost in BTC, ETH, and USD-backed stablecoins, with a minimum of $100 USD/ 0.01 BTC and up to 50 BTC. The settlement currency will be either in-kind or in USD equivalent depending on the market price of the trading pair upon maturity relative to the ‘linked’ price. Specifically, if the market price is lower than the linked price at maturity, the user receives BTC or ETH; otherwise, the product will be settled in USD equivalent.”
Yield Boost’s key feature is that users may customize their investment by choosing a linked price and setting a maturity date on their contract, unlike other yield-enhancement products with limited linked prices. Users may also choose from a selection of tenors varying from days to months, catering to each individual’s liquidity and risk appetite. While sharing more details about the product, Michael Wu, CEO, Amber Group, stated:
“With an increasing number of new investors entering the scene, we see a surge in appetite for additional yield opportunities in the crypto markets. Users of the Amber App can experience a safer gateway into crypto finance by utilizing the Yield Boost feature to enhance their yield by monetizing their market view and risk tolerance.”
Amber Group added it supports more than 200 institutional clients worldwide and has traded over $230 billion across various crypto instruments. The global platform serves as a one-stop-shop allowing its users to trade, invest, and earn crypto assets easily. Amber added:
“By leveraging Fireblocks’ MPC-based secure infrastructure, Amber offers users the highest level of security when moving, storing, and issuing digital assets.”