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<img src="https://choise.com/_next/image?url&#61;https%3A%2F%2Fwp.prod.testessential.net%2Fwp-content%2Fuploads%2F2022%2F11%2Fdual_currency_16x9.png&amp;w&#61;3840&amp;q&#61;75" /><a href="https://clck.ru/32cWHv" rel="noopener noreferrer nofollow">Dual currency interest account (DCIA)</a> is a short-term non-principal protected product with floating and potentially very high return. The yield of the product is secured at the time of purchase, while the currency in which the DCIA will be settled, changes according to the following mechanics.<h3 id="dcia-mechanics">DCIA mechanics</h3>You purchase the product with BTC or ETH and then see how the price of BTC or ETH at the moment of settlement compares with the Linked Price at expiry. If the Settlement Price is higher than the Linked Price, you will receive the return in the investment currency.<ul><li>What is the Investment Currency?</li></ul>The Investment Currency is the currency in which the investment is made into the product.<ul><li>What is the Settlement Currency?</li></ul>The Settlement Currency is the currency that you will receive when the product expires.<ul><li>What is the Settlement Price?</li></ul>The Settlement Price is the average of the Current Price in the last 30 minutes before 08:00 (UTC) on the settlement date. The Settlement Price and the Linked Price determine whether a product is exercised or not.<ul><li>What is the Linked Price?</li></ul>The Linked Price is a benchmark price. On Expiry Day, the Settlement Price will be compared against this benchmark price. If the Settlement Price is below the Linked Price, the product will be settled in Investment Currency; otherwise, it will be settled in USDC.Currently DCIAs are available in BTC and ETH.The main advantages of Dual currency interest accounts are higher yield that is secured at the purchase moment, opportunity to select the investment period and exposure to an alternate currency. The only uncertainty is the currency in which the product will be settled, that сomes from the volatility of the market: the higher the volatility, the harder it is to predict the Settlement Price and its comparison to the Linked Price on the Expiry Date.<h3 id="how-to-open-a-dual-currency-interest-account-with-choise-com">How to open a Dual currency interest account with Choise.com?</h3>Step #1 – Sign in to your Choise.com wallet.Go to the “Earn” section and find the Dual currency interest account.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/eb35e7ed56f54caa9c6040cd5c75ff78.png" />Step #2 – Select the investment currency.Choose between BTC and ETH.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/4a4696cf0177485285e992125f4d897e.png" />Step #3 – Enter the amount of the BaseAsset.The interest account calculator will display the Yield and APY.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/7318e61a6da34345975eae8e3f273ff5.png" />Interest account conditions<ul><li>Interest Account Amount – 2 BTC</li><li>Other Currency – USD</li><li>Term – 30 days</li><li>Linked Price – $ 20 000</li><li>DCIA Enhanced Yield – 3.0%</li></ul>What happens at the Expiry Date<ul><li>Expiry Date Scenario 1</li></ul>If the BTC rate is below $20 000, the investment and interest earned will be returned to you (2 BTC &#43; 5% Yield)<ul><li>Expiry Date Scenario 2</li></ul>If the BTC rate is above $20 000, the investment will be converted and returned in USD with and interest earned (2 * 25 000 USD &#43; 5% Yield)Step #4 – Confirm your interest account opening and terms.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/43eff8165ce340b3b941c3405270815b.png" />At the moment the yield is fixed. Further Dual currency interest accounts reporting will be available in the Active interest account section.Please, note that you cannot redeem your investment before the expiry date – the return is credited to your wallet automatically once the Dual currency interest account is closed. You will get your principal and return settled by 8:00 UTC on the Expiry Date.<h3 id="a-href-https-crypterium-onelink-me-jtmz-deposits-app_screen-61-deposits-rel-noopener-noreferrer-nofollow-open-a-dual-currency-interest-account-a"><a href="https://crypterium.onelink.me/jtmZ/deposits?app_screen&#61;deposits" rel="noopener noreferrer nofollow">Open a Dual currency interest account</a></h3><h3 id="read-full-article-a-href-rel-noopener-noreferrer-nofollow-https-choise-com-news-earn-dual-currency-interest-account-a">Read full article: <a href="" rel="noopener noreferrer nofollow">https://choise.com/news/earn/dual-currency-interest-account</a></h3>

Dual currency interest account: what is it and does it make sense to open a DCIA?

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