For fixed yield (P Market)

If you want a known return and no game, buy P below 1 BTC and hold it to the end date.

Steps

1. Pick a series by its end date. Later dates usually sell at a bigger discount.
2. Buy that series' P with BTC in its P Market pool (on Mezo's DEX).
3. Wait. Your return is fixed the moment you buy.
4. After the end date, redeem each P for 1 BTC with the Splitter.

Working out your return

return = (1 - price paid) / price paid

Buying at 0.99 BTC gives about 1.01% until the end date.

Things to know

• Your BTC comes back only after the end date. Until then you can sell P, but the price may be lower than you paid.
• P is paid from the series lock at Mezo. See Risks.