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Announcements Gate.io HODL& Earn Launches “SharkFin BTC6-Day No.42”, Estimated Reward of 3%-16% P.A.

Gate.io HODL& Earn Launches “SharkFin BTC6-Day No.42”, Estimated Reward of 3%-16% P.A.

2021-11-11 03:58:51 UTC 35678 Read
Gate.io HODL& Earn will launch its 42nd shark fin structured product“Shark Fin BTC 6-Day No.42” on November 13th, at 10:00 AM UTC, with an estimated return of 3%-16% P.A. The total lock-up amount is capped at 300 BTC, with a lock-up period of 6 days. The shark fin product is principal protected.

Participate in via https://www.gate.io/hodl/879 or Tap Finance on markets screen and then tap “HODL&Earn”on the APP.

How does the Shark Fin BTC Weekly product bring you a return?
If at any time during the lifetime of the shark fin product, BTC price is equal to or below $63,500, or is equal to or above $70,500, the investor will get a minimum return (3% ) on their principal at maturity.
If during the entire lifetime of the shark fin product, BTC price always stays within the per-specified range ($63,500-$70,500), investors will get a return up to 16% APR. (The closer to the $70,500 level, the higher the return rate).



Specifications of Shark Fin BTC 6-Day No.42
1. Lockup currency BTC
2. Zero handling fee.
3. Return: floating interest rate, ranging from 3%-16% APR
4. Interest currency: BTC
5. Subscri-ption starts-Lockup ends: Saturday 10:00 AM-next Saturday 10:00 AM
6. Lockup period: 6 days
7.Settlement Time: 3:00-4:00 AM UTC , Saturday
8. Observation period: Saturday 12:00 PM- next Friday 12:00 PM UTC
9. If at any time during the observation period, the price is above or below the per-specified price range, the product is settled on a 3% APR. If prices always stay within the price range, the return rate will be determined according to where the underlying asset settlement price falls on Deribit on Friday 8:00 AM UTC.
10 If the market fluctuates drastically before the observation period starts,, we will adjust the price range to maximize investors’ return.



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Gate.io Team

November 11th, 2021



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