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Gate.io HODL& Earn Launches “SharkFin BTC6-Day No.23”, Estimated Reward of 3%-16% P.A.
Gate.io HODL& Earn Launches “SharkFin BTC6-Day No.23”, Estimated Reward of 3%-16% P.A.
2021-07-02 08:12:18 UTC
48094 Read
Gate.io HODL& Earn will launch its 23th shark fin structured product“Shark Fin BTC 6-Day No.23” on July 3rd, at 4:00 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/634 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 $32,500, or is equal to or above $39,500, 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 ($32,500-$39,500), investors will get a return up to 16% APR. (The closer to the $39,500 level, the higher the return rate).
Specifications of Shark Fin BTC 6-Day No.23
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 4:00 AM-next Saturday 4:00 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.
What is a Shark Fin Product?
Gate.io Shark Fin is a capital protected investment product. If the underlying asset price is within the pre-specified range, the investor will get a higher yield. Otherwise, the investors will get a minimum return (about 3% APR).
Participate in via https://www.gate.io/hodl/634 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 $32,500, or is equal to or above $39,500, 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 ($32,500-$39,500), investors will get a return up to 16% APR. (The closer to the $39,500 level, the higher the return rate).
Specifications of Shark Fin BTC 6-Day No.23
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 4:00 AM-next Saturday 4:00 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.
What is a Shark Fin Product?
Gate.io Shark Fin is a capital protected investment product. If the underlying asset price is within the pre-specified range, the investor will get a higher yield. Otherwise, the investors will get a minimum return (about 3% APR).
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Gate.io Team
July 2, 2021
