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    Daily SharkFin Special Product under BTC Launched: Get An Annualized Yield of Up To 25%!

    2022-04-14 09:05:17 UTCRead:12539
    Gate.io will launch a Daily SharkFin Special product under BTC with an annualized yield of 3%~25%. It will be available for subscription starting from 4:00 on April 14th to 10:00 on April 16th UTC. The total position reaches 300 BTC, the lock-up period is 7 days, and the price range is $37,400 - $41,300. You're welcome to participate!

    View more details at https://www.gate.io/structured_financial/sharkFin2/80

    Join Gate.io HODL & Earn Telegram group: https://t.me/gateio_hodl_en

    Now you could stand a chance to win Gate.io SharkFin Contest at Twitter

    How does the new Daily SharkFin product generate a return on investment?
    During the observation period, if the prices of the target asset stay within the per-specified price range ($37,400~$41,300), users can then earn a higher annualized income of 25%. At settlement, the closer the prices of the target asset price are to the upper limit ($41,300) of the price range, the higher the annual return.
    During the observation period, if the prices of the target asset have gone beyond the price range (lower than $$37,400, or higher than $41,300), the user can obtain a guaranteed return of 3%.

    Specifications of the Daily BTC SharkFin_Special_20220415 Product
    1. Lockup currency: BTC
    2. Return: floating interest rate, ranging from 3%-25% APR
    3. Interest currency: BTC
    4. Subscription Time: April 14th 4:00 - April 16th 10:00 (UTC time)
    5. Lockup period: 7 days
    6. Interest calculation start time: 8:00 on April 15th, UTC time
    7. Settlement Time: 8:00 on April 22nd, UTC time
    8. Observation price: refer to the BTC/USDT perpetual contract price on Deribit
    9. If at any time during the observation period, the price is below the per-specified price range, the product is settled on a 3% APR; if the price is above the per-specified price range, the product is settled on a 25% APR. If prices always stay within the price range, the return rate will be determined according to where BTC/USDT perpetual contract price falls on Gate.io at 8:00 on Apr 22nd UTC.

    Users can go to the Gate.io official website to experience a variety of new high-yield financial products. We will release new arrivals every day.
    View more on Structured Financial Products

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    Gate.io Team
    April 14

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