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Announcements Daily Sharkfin BTC&USDT _2022/07/20 Launched: Earn Up to 16% APY
Daily Sharkfin BTC&USDT _2022/07/20 Launched: Earn Up to 16% APY
2022-07-19 02:28:16 UTC 14096 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 July 19th to 04:00 on July 20th UTC. The total position reaches 300 BTC and 8,000,000 USDT, the lock-up period is 7 days, and the price range is $21,500 - $23,000.

Earn Now: 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 ($21,500~$23,000), 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 ($23,000) 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 $21,500, or higher than $23,000), the user can obtain a guaranteed return of 3%.

Specifications of the Daily SharkFin_2022/07/20
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 19th 4:00 - July 20th 4:00 UTC
5. Lockup period: 7 days
6. Interest calculation start time: 4:00 on July 20th UTC
7. Settlement Time: 4:00 on July 27th UTC
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 6:00 on July 27th 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
July 19th,2022
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