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Daily SharkFin Launched: Get An Annualized Yield of Up To 16%!
Daily SharkFin Launched: Get An Annualized Yield of Up To 16%!
2022-05-23 02:38:22 UTC
18325 Read
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 23rd to 04:00 on May 24th 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_2022/05/24
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 23rd 4:00 - May 24th 4:00 (UTC time)
5. Lockup period: 7 days
6. Interest calculation start time: 4:00 on May 24th, UTC time
7. Settlement Time: 8:00 on May 31st, 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 31st 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
Gate.io is a Cryptocurrency Trading Platform Since 2013
Top ranking, Trustworthy, Transparent
Sign up to enter the crypto gateway and get 40% commission from referrals
Download iOS/Android App right now.
Reach out to us!
Twitter: https://twitter.com/gate_io
Telegram: https://t.me/gate_zh
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
Podcast: https://gateio.buzzsprout.com/?ch=buzzs
Gate.io Team
May 23
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_2022/05/24
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 23rd 4:00 - May 24th 4:00 (UTC time)
5. Lockup period: 7 days
6. Interest calculation start time: 4:00 on May 24th, UTC time
7. Settlement Time: 8:00 on May 31st, 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 31st 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
Gate.io is a Cryptocurrency Trading Platform Since 2013
Top ranking, Trustworthy, Transparent
Sign up to enter the crypto gateway and get 40% commission from referrals
Download iOS/Android App right now.
Reach out to us!
Twitter: https://twitter.com/gate_io
Telegram: https://t.me/gate_zh
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
Podcast: https://gateio.buzzsprout.com/?ch=buzzs
Gate.io Team
May 23
