Bearish SharkFin Launched: Get An Annualized Yield of Up To 30%!

Announcements Bearish SharkFin Launched: Get An Annualized Yield of Up To 30%!

2022-06-02 06:52:33 UTC 21746 Read

Gate.io will launch a Bearish BTC SharkFin product with an annualized yield of 2%~30%. The product is to be pre-sold from 4:00 on June 2nd to 8:00 on June 3rd UTC. The total position reaches 300 BTC, the lock-up period is 7 days, and the price range is $23,000 - $27,000. You're welcome to participate!

You're welcome to be part of the Bearish BTC SharkFin

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*Gate.io Structured Products Team will give you the best advice on which structured products are suitable for you best based on market conditions. Moreover, during the actual operation, the product parameters will be adjusted according to the BTC price and market conditions issued at that time. In this way, we can offer you a better chance to obtain a high rate of return. (The adjusted price range will be $1000 to $5000 higher than the Gate.io BTC/USDT perpetual contract price at 4:00 AM UTC on interest calculation start day.)

How does the Bearish Shark Fin product generate a return on investment?
1) During the observation period, if the prices of the target asset always stay within the per-specified price range ($23,000~$27,000), users can earn a higher annualized income (the guaranteed yield rate; the final yield rate ; the maximum yield rate); At settlement, the closer the prices of the target asset are to the lower limit($23,000) of the price range, the higher the annual return.
2) During the observation period, if the prices of the target asset fall out of the lower limit of the price range(≤ $23,000) but didn’t above the upper limit of the price range, the user will obtain a medium yield(5%).
3) During the observation period, if the prices of the target asset more than the upper limit of the price range (≥ $27,000), the user will obtain the guaranteed yield rate(2%).

Specifications of the Bearish SharkFin_20220603 Product
1. Lockup currency: BTC
2. Return: floating interest rate, ranging from 2%-30% APR
3. Interest currency: depend on lockup currency
4. Subscription Time: June 2nd 4:00 - June 3rd 8:00(UTC time)
5. Lockup period: 7 days
6. Interest calculation start time: 8:00 on June 3rd, UTC time
7. Settlement Time: 8:00 on June 10th, 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 2% APR; if the price is above the per-specified price range, the product is settled on an 5% 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 June 10th 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
June 2nd，2022

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