I'm afraid not, because when you lose -50% you need to double your investment to cover the whole loss. That is to say you need to get +100%. So here to cover half of a -50% drop you would need to earn +50% during the year.
50sat - 50% = 25sat
25sat + 25% = 31.25sat
(50sat - 31.25sat) / 50sat = 37.5%
This means the loss will be worth -37.5% instead of being -50%. So "only" 25% of the loss will be covered actually.
I'm not saying it's a bad investment, I think the opposite actually, it's a very good one if you are gambling there.
Oh sorry, I meant to say that the returns would cover SOME of the loss, not all of it. Don't worry I knew/know very well I am in a big loss now (50% unrealized, because 25% has not actually been completed).
Although one very important thing to note here is that my original investment was made more than a year ago. So in fact, I have already made my first 25% which expired and reinvested it all in October. So in October 2023, I would have made 56% (25% compounded) on my original investment...
Which still puts me at about 25% loss anyway.
Now the best thing about this is if I reinvest one final year... I'll get close to double my original FUN. Only THEN will I break even at 50% BTC loss.
But get 3 years worth of WoF of course hehe