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Gate. io 31st BTC SharkFin's Stayed Within the Ideal Range, Locked 6 Days Interest Rate up to 12.08% Announcement
Gate. io 31st BTC SharkFin's Stayed Within the Ideal Range, Locked 6 Days Interest Rate up to 12.08% Announcement
2021-09-04 03:47:17 UTC
67488 Read
The “Gate.io Weekly BTC Sharkfin Product #31" launched on August 28th, 4:00 am UTC. During the observation period, the price of BTC has always been in the range of [$44,500-$51,500], hitting the high-yield area. The settlement price of this Sharkfin product is $49389.78. Congratulations to participating users who can get 12.08% annualized BTC revenue in 6 days, and the total interest benefit exceeded $29,700.
The interest has been paid to user accounts. Users can go to “Billing Details” to view the rewards they have received.
Gate.io Weekly BTC Sharkfin Product #31 Revenue Calculation:
The settlement price: $49389.78
The settlement annualized = 3%+（49389.78-44500）/（51500-44500）*（16%-3%）=12.08%
Details: https://www.gate.io/en/article/22007
Every Saturday at 12 noon, Gate.io HODL& Earn will launch a new issue of its BTC SharkFin product. The 32nd phase of SharkFin structured product will be launched next Saturday (4 September) 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.
Participate via https://www.gate.io/hodl/738
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).
The interest has been paid to user accounts. Users can go to “Billing Details” to view the rewards they have received.
Gate.io Weekly BTC Sharkfin Product #31 Revenue Calculation:
The settlement price: $49389.78
The settlement annualized = 3%+（49389.78-44500）/（51500-44500）*（16%-3%）=12.08%
Details: https://www.gate.io/en/article/22007
Every Saturday at 12 noon, Gate.io HODL& Earn will launch a new issue of its BTC SharkFin product. The 32nd phase of SharkFin structured product will be launched next Saturday (4 September) 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.
Participate via https://www.gate.io/hodl/738
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
September 4th, 2021
