Today I saw some friends discussing the financial product from @okxchinese, which can be simply described as a slightly more complex version of "dual currency win." A more accurate name for it is FCN. I have previously written a comparison between FCN and dual currency win, and those interested can take a look.

https://x.com/PhyrexNi/status/2048799134363386026?s=20

In simple terms, the key to dual currency win is whether you are willing to buy at the set low price or sell at the set high price, taking on the risk of buying high or selling low; if there is no transaction, you incur the premium.

The main points of FCN are the knock-in level and the knock-out level, and how the worst-performing asset is settled. Especially, the higher the interest of FCN, the more it often represents the higher cost of selling risk.

Dual currency is more like executing an options strategy, while FCN resembles a high-interest structured product.

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