Definitions & Formulas

Assets Under Management： Total asset market value of the product(s) under Onebit Finance, denominated in USDT. The price is based on the real-time price on Chainlink.

Total Profit Since Inception: Total profit under Onebit Finance since inception, denominated in USDT. The price is based on the real-time price on Chainlink.

Products: The number of products under Onebit Finance, including closed, lock-up, and open products, in different strategies.

Depositors: The sum of the number of wallet addresses that users utilize to invest in the product(s).

Open period: The period when users are allowed to make deposits or withdrawals.

Lock-up period: The minimum period before users are allowed to make withdrawals from the product.

Fundraising Progress: The progress showing the deposited asset percentage of the soft-cap capacity limit. Please note that we could accept more assets when the product reaches the soft-cap limit, but once it hits the hard-cap capacity limit, the opening product will be locked up ahead of schedule. The soft-cap and hard-cap capacity limits are shown under the description of each product.

Estimated APY: A predicted APY based on the calculation of the historical performance and the expected following market behavior. Please note that the estimated APY is not a guaranteed figure. The real APY could be higher or lower than the estimated APY.

Current Net Value: is calculated by dividing the asset market value of the product by the total shares of the product.

Formula:

• Current net value = $Vp$/$Sp$

• $Vp$: the asset market value of the product. It is the asset market value based on the cut-off time prices of the product each day.

• $Sp$: total shares of the product. It is the total running unit of shares deposited (and reinvested) by investors in the product.

Historical Accumulative Net Value: this is the continuous NAV since the product inception.

Total Equity Value: the total number of the holding oTokens by each investor. It represents per investor’s total equity value, net of management fee & performance fee, of all the products on Onebit Finance.

Formula:

• Total equity value = Equity Value of Product in USDT + real-time price * Equity Value of Product in WBTC

• Equity Value of Product=$Ve$-$Fm$-$Fp$

• $Ve$: asset market value of the investor in the product= asset market value of the product * (investor shares / total shares of the product)

• $Fm$: cumulated management fee = Initial deposit * management fee * product investing period / 365days

• $Fp$: current performance fee = ($Ve$- Initial deposit) * performance fee rate

• Investor shares: initial deposit by the investor / total deposit in the product * total shares of the product

• The real-time price is based on the price on Chainlink.

Total PNL: the total profit or loss the investor can get from a certain product.

Formula:

• Total PNL = Total equity value - Initial deposit by the investor

Total product deposited: Initial asset value deposited and reinvested by all investors in the certain product.

APY: Annual percentage yield, which is the real rate of return earned on an investment in a year.

Formula:

• APY (“Products”) = (Current net value-1) / Investing days * 365 * 100%

• APY (“Positions”) =Total PNL / Initial deposit by the investor / Investing days * 365 * 100%

For the avoidance of doubt:

• The definition for each product is benchmarked against the denomination asset (USDT or WBTC) of its product.

• No fees shall be charged if the percentage of profit is negative.

• The calculations are based on the high-water mark.

• The cut-off time daily: 09:00 UTC