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    Daily SharkFin Launched: Get An Annualized Yield of Up To 16%!

    Create Time:2022-05-13 09:38:21 UTCRead:16873

    Gate.io will launch a Daily BTC & USDT SharkFin with an annualized yield of 3%~16%. It will be available for subscription starting from 04:00 on May 15th to 04:00 on May 16th UTC. The total position reaches 300 BTC and 8,000,000 USDT, the lock-up period is 7 days, and the price range is $29,000 - $33,000.

    You're welcome to be part of the Daily BTC SharkFin & Daily USDT SharkFin!


    Join Gate.io HODL & Earn Telegram group

    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 ($29,000~$33,000), users can then earn a higher annualized income of 16%. At settlement, the closer the prices of the target asset price are to the upper limit ($33,000) 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 $29,000, or higher than $33,000), the user can obtain a guaranteed return of 3%.

    Specifications of the Daily SharkFin_2022/05/16
    1. Lockup currency: Choose either BTC or USDT
    2. Return: floating interest rate, ranging from 3%-16% APR
    3. Interest currency: depend on lockup currency
    4. Subscription Time: May 15th 4:00 - May 16th 4:00 (UTC time)
    5. Lockup period: 7 days
    6. Interest calculation start time: 4:00 on May 16th, UTC time
    7. Settlement Time: 8:00 on May 23rd, UTC time
    8. Observation price: refer to the BTC/USDT perpetual contract price on Gate.io
    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 16% 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 May 23rd 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
    May 13

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