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    Daily USDT SharkFin_2022/06/27 Launched: Get An Annualized Yield of Up To 16%!

    Create Time:2022-06-24 08:53:22 UTCRead:12860

    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

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    Gate.io Team
    June 24th,2022

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