Example

Bob is going to deposit 1,000,000 USDT to Onebit Finance.

Step1——Explore the Products

Bob heads to the home page - Products, and he can see there are strategies denominated in USDT, WBTC and (or) ETH

• Onebit Smart Trend

• Onebit Arbitrage Alpha

• Onebit Lightning Hunter

Bob can click on each product to read the strategy introduction and the historical performance.

Step 2——Check the Historical Performance

Bob clicks on one product. For example, “Onebit Smart Trend - USDT” means it is the Onebit Smart Trend product denominated in USDT with the trend following strategy.

Bob clicks on the button and goes to the page. Let’s take a look at what information he could find here:

• Basic Introduction of this Product

• The description of the Product

• Fundraising Progress

• Latest Data: Assets Under Management, Estimated APY, Depositors

• Four main sections: Overview, Fees, Policies, Depositors

1) “Historical Accumulative Net Value” Chart：

It shows the historical accumulative performance of the USDT-based Onebit Smart Trend.

Bob can find the main indicator:

• Latest Historical Accumulative NAV=1.3744

2）“Historical Performance” Chart:

This is the breakdown of the historical performance in each term:

Term	Lock-up period	Initial AUM	Depositors	Final Net Value	Return	APY
1	90 days 01/01/2023 - 31/03/2023	5M USDT	10	1.1973	986,301	80%
2	90 days 01/04/2023 - 29/06/2023	10M USDT	15	1.1479	1,479,452	60%

Please note the data here is only for the example, not an indication of future results.

Calculation - Term1:

• Assume the asset market value on the latest day is 5,986,301

• Return = the asset market value on the latest day - Initial AUM =5,986,301-5,000,000 = 986,301

• Final Net Value =$Vp/Sp$= 5,986,301 / 5,000,000 =1.1973
• APY = (Current net value-1) / Investing days * 365 * 100% =(1.1973 - 1) / 90 * 365 * 100% = 80%

Calculation - Term2:

• Assume the asset market value on the latest day is 11,479,452

• Return = the asset market value on the latest day - Initial AUM =11,479,452 - 10,000,000 = 1,479,452

• Final Net Value =$Vp/Sp$= 11,479,452 / 10,000,000 = 1.1479
• APY = (Current net value-1) / Investing days * 365 * 100% =(1.1479 - 1) / 90 * 365 * 100% = 60%

Calculation - Historical Accumulative Net Value:

• Latest Historical Accumulative NAV=1.1973*1.1479=1.3744

Step 3——Make the deposit

After checking the historical performance of the Product, now Bob is ready to deposit.

Currently, the product “Onebit Smart Trend - USDT” term 3 is open to deposit. Bob clicks on the button “Deposit” on the page of the product “Onebit Smart Trend - USDT.”

Bob follows the deposit instructions. Firstly, he connects the wallet and inputs the deposit amount. Secondly, he clicks the “Get whitelisted” and wait a few minutes for the evaluation of his wallet address. Finally, he clicks the “Deposit” and make the deposit successfully

Step 4——Check the performance of the running Product

Once the product is running, Bob can check the performance of the product anytime he wants. For example, the product has run for 30 days. Bob clicks on the lock-up product “Onebit Smart Trend - USDT” and can see the performance:

The “Current Net Value” chart shows the performance of the product:

• Asset Under Management=10,575,342 USDT

• Initial Asset=10,000,000 USDT

• Current Net Value= 1.0575

• Estimated APY= 70%

Calculation:

• Assume the product has run 30 days

• Current Net Value = $Vp/Sp$=1.0575
• $Vp$: the net asset market value of the product = 10,575,342
• $Sp$: total shares of the product=10,000,000
• APY = (Current net value-1) / Investing days * 365 * 100% =(1.0575-1)/30*365*100% =70%

Step 5——Check his own Position

Bob connects his wallet and clicks on the page “Positions.” He can check his own position data here. There are four key indicators:

• Assume the product has run 30 days

• Total Equity Value = 1,039,451.88 USDT

• Total PNL= 39,451.88 USDT

• Total product deposited=1,000,000 USDT

• APY=48%

Calculation:

• Total equity value =$Ve-Fm-Fp$=1,057,534-821.92-17,260.20=1,039,451.88
• $Ve$: net asset market value of the investor=net asset market value of the product * (investor shares / total shares of the product) =10,575,342 * (1,000,000/10,000,000)=1,057,534
• $Fm$: cumulated management fee = Initial deposit * management fee * product investing period / 365days =1,000,000*1%*30/365=821.92
• $Fp$: current performance fee = (Ve- Initial deposit) * performance fee rate =(1,057,534-1,000,000)*30%=17,260.20
• Total PNL=Total equity value - Initial deposit by the investor =1,039,451.88-1,000,000=39,451.88

• APY (“Positions”) =Total PNL / Initial deposit by the investor / Investing days * 365 * 100% =39,451.88/1,000,000/30*365*100%=48%

Step 6——Make the Withdrawal

In 90 days, the lock-up period of Term-3 ends.

At the moment, the “Onebit Smart Trend - USDT” is in the open period again, available for withdrawal and open for deposit to the next term of the strategy.

Bob decides to make the withdrawal.

Bob connects the wallet and checks the data on the page “Positions.”

• Total Equity Value = 1,118,356.14 USDT

• Total PNL= 118,356.14 USDT

• Total product deposited=1,000,000 USDT

• APY=48 %

Calculation:

• Assume the Asset Under Management of the whole product=11,726,027

• Total equity value =$Ve-Fm-Fp$ = 1,172,602.70-2,465.75-51,780.81 =1,118,356.14
• $Ve$: net asset market value of the investor=net asset market value of the product * (investor shares / total shares of the product) =11,726,027 * (1,000,000/10,000,000)=1,172,602.70
• $Fm$: cumulated management fee = Initial deposit * management fee * product investing period / 365days =1,000,000*1%*90/365=2,465.75
• $Fp$: current performance fee = ($Ve$- Initial deposit) * performance fee rate =(1,172,602.70-1,000,000)*30%=51,780.81
• Total PNL=Total equity value - Initial deposit by the investor =1,118,356.14-1,000,000 = 118,356.14

• APY (“Positions”) =Total PNL / Initial deposit by the investor / Investing days * 365 * 100% =118,356.14/1,000,000/90*365*100%=48 %

The Total Equity Value of 1,118,356.14 is available to withdraw. Bob follows the withdrawal instructions and withdraws to his wallet successfully.