# Dual Investment

## Dual Investment

**Dual Investment** allows you to buy crypto at a lower price or sell it at a higher price — while earning yield regardless of the outcome.

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### How It Works

Dual Investment is a structured product that lets you:

* **Sell high**: Earn interest while waiting for your crypto to sell at a higher target price.
* **Buy low**: Earn interest while waiting to buy crypto at a lower target price.

Once subscribed, the investment can't be canceled or redeemed early.

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### Key Concepts

* **Target Price** – The price at which you agree to buy or sell.
* **Settlement Date** – The date when the outcome of your investment is determined.
* **Covered Gain** – A strategy where your crypto is sold at your **target price** (if reached), and you earn yield while waiting.
* **Auto Reinvest** – A feature that automatically re-subscribes to a new product with the same terms if your target price is not reached.

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### Settlement Outcomes

#### ✅ If the Market Price is Above the Target Price (Sell Order)

* Your crypto (including earned interest) is **sold** at the **target price**.
* The order is **closed**, even if **auto reinvest** is enabled.

#### ❌ If the Market Price is Equal to or Below the Target Price

* Your crypto is **not sold**.
* If **auto reinvest** is enabled, Loopring will try to resubscribe to a new product with the same terms.

<details>

<summary>📈 Example: Settlement Scenarios</summary>

* You set a Target Price of 2,000 USDT for ETH.
* On Settlement Date:
  * If ETH price = 2,050 USDT ➔ Your ETH sells at 2,000 USDT + earned yield.
  * If ETH price = 1,950 USDT ➔ Your ETH is not sold, but you still earn yield.

</details>

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### Auto Reinvest

When enabled:

* Reinvests your funds at the same **target price** when the product expires.
* Repeats until the trade executes, or the **longest settlement date** is reached.
* If no suitable product is found within 2 hours after expiration, the order closes automatically.

🔗 [Learn more about Auto Reinvest](/products/dual-investment/auto-reinvest.md)

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### Risks and Warnings

{% hint style="warning" %}
⚠️ **Important Risk Warnings**

* **Not Principal-Protected** – Dual Investment is not a guaranteed product. You may end up with fewer assets than if you simply held.
* **No Early Redemption** – Assets are locked until the **settlement date** and can't be withdrawn early.
* **Conversion Risk** – Target prices are denominated in USDT. If you subscribe with a different token (e.g. USDC), it may be converted at settlement.
* **Depegging Risk** – Tokens like USDC may carry additional volatility or risk compared to USDT.
* **Market Risk** – You may be required to buy or sell at a price less favorable than the spot market on **settlement date**.
  {% endhint %}

🔗 [See full risk details](/products/portal/risks-and-considerations.md)

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## 🔗 Quick Access

* [Try Dual Investment](https://defi.loopring.io/#/invest/dual)
* [What is a Covered Gain?](/products/dual-investment/covered-gain.md)
* [How Auto Reinvest Works](/products/dual-investment/auto-reinvest.md)


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