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Daily USDT SharkFin_2022/06/27 Launched: Get An Annualized Yield of Up To 16%!
Daily USDT SharkFin_2022/06/27 Launched: Get An Annualized Yield of Up To 16%!
2022-06-24 08:53:22 UTC
20781 Read
Gate.io will launch a Daily USDT SharkFin with an annualized yield of 3%~16%. It will be available for subscription starting from 04:00 on June 24th to 04:00 on June 27th UTC. The total position reaches 8000000 USDT, the lock-up period is 7 days, and the price range is $18,500 - $21,500.
You're welcome to be part of the 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 ($18,500~$21,500), 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 ($21,500) 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 $18,500, or higher than $21,500), the user can obtain a guaranteed return of 3%.
Specifications of the Daily SharkFin_2022/06/27
1. Lockup currency: Choose either USDT
2. Return: floating interest rate, ranging from 3%-16% APR
3. Interest currency: depend on lockup currency
4. Subscription Time: June 24th 4:00 - June 27th 4:00 (UTC time)
5. Lockup period: 7 days
6. Interest calculation start time: 4:00 on June 27th, UTC time
7. Settlement Time: 4:00 on July 4th, UTC time
8. Observation price: refer to the 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 USDT perpetual contract price falls on Gate.io at 84:00 on July 4th 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
Gateway to Crypto
Trade over 1,400 cryptocurrencies safely, quickly and easily on Gate.io
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
June 24th，2022
You're welcome to be part of the 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 ($18,500~$21,500), 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 ($21,500) 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 $18,500, or higher than $21,500), the user can obtain a guaranteed return of 3%.
Specifications of the Daily SharkFin_2022/06/27
1. Lockup currency: Choose either USDT
2. Return: floating interest rate, ranging from 3%-16% APR
3. Interest currency: depend on lockup currency
4. Subscription Time: June 24th 4:00 - June 27th 4:00 (UTC time)
5. Lockup period: 7 days
6. Interest calculation start time: 4:00 on June 27th, UTC time
7. Settlement Time: 4:00 on July 4th, UTC time
8. Observation price: refer to the 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 USDT perpetual contract price falls on Gate.io at 84:00 on July 4th 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
Gateway to Crypto
Trade over 1,400 cryptocurrencies safely, quickly and easily on Gate.io
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
June 24th，2022
