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 July 6th to 04:00 on July 7th UTC. T
he total position reaches 300 BTC and 8,000,000 USDT, the lock-up period is 7 days, and the price range is $19,300 - $20,500.
You're welcome to be part of the Daily BTC SharkFin
& Daily USDT SharkFin!
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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 ($19,300~$20,500), 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 ($20,500) 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 $19,300, or higher than $20,500), the user can obtain a guaranteed return of 3%.
Specifications of the Daily SharkFin_2022/07/07
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: July 6th 4:00 - July 7th 4:00 (UTC time)
5. Lockup period: 7 days
6. Interest calculation start time: 4:00 on July 7th , UTC time
7. Settlement Time: 4:00 on July 14th, 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 4:00 on July 14th 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.
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