Ouyi will officially launch BLUR Leveraged Transaction, Yuyuebao and Perpetual Contract at 11:00 (HKT) on February 15

According to the official announcement, Ouyi will officially launch the BLUR/USDT leveraged transaction, Yuyuebao and BLURUSDT perpetual contract on the web, APP and API at 11:00 (HKT) on February 15, 2023.

Interpretation of this information:

The message is an official announcement of upcoming launches by Ouyi. Specifically, the company will launch three new offerings: BLUR/USDT leveraged transaction, Yuyuebao, and BLURUSDT perpetual contract. These launches will occur at 11:00 (HKT) on February 15, 2023, and will be available on both the web and Ouyi’s app and API.

The announcement is short and to the point, but it raises several questions. First, what is BLUR/USDT leveraged transaction? “Leveraged transaction” implies that this is a transaction where the user is borrowing funds to invest, in order to potentially earn a greater return. The BLUR/USDT pairing suggests that this transaction will involve trading BLUR tokens (presumably belonging to Ouyi’s platform) against USDT, a stablecoin which is tied to the value of the US dollar. However, without more information about the actual terms of the leveraged transaction, it’s difficult to say more about how this offering will work.

Second, what is Yuyuebao? The name suggests that this is another type of investment product, possibly a savings account or mutual fund offered by Ouyi. However, again, without more information it’s impossible to say much more about what Yuyuebao will involve.

Finally, BLURUSDT perpetual contract is mentioned. This term is a bit clearer: a perpetual contract is a type of futures contract that doesn’t have an expiration date. This means that investors can hold onto their contract indefinitely, until they choose to sell it. We know that this contract will involve trading BLUR and USDT, but again, we don’t know much more than that.

Overall, this announcement is informative but leaves a lot of unanswered questions. It will be interesting to see how Ouyi’s new offerings are received by users in February 2023.