Gate.io Daily ETH SharkFin Special_2022/07/22 Launched: Earn up to 18% APR

Announcements Gate.io Daily ETH SharkFin Special_2022/07/22 Launched: Earn up to 18% APR

2022-07-21 05:08:58 UTC 23011 Read

Gate.io launched a Daily ETH SharkFin Special Product with an annualized yield of 1.5%~18%. It will be available for subscription starting from 04:00 on July 21st to 04:00 on July 22nd UTC. The total position reaches 300 ETH, the lock-up period is 7 days, and the price range is $1,500 - $1,650. Welcome to participate!

Earn Now: Daily ETH SharkFin SPECIAL!

Join Gate.io HODL & Earn Telegram Group

How does the Daily ETH SharkFin Special generates a return on investment?
During the observation period, if the prices of the target asset stay within the per-specified price range ($1,500 ~$1,650), users can then earn a higher annualized income up to 18%. At settlement, the closer the prices of the target asset price are to the upper limit ($1,650) 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 $1,500 , or higher than $1,650), the user can obtain a guaranteed return of 1.5%.

Specifications of the Daily ETH SharkFin Special:
1. Lockup currency: ETH
2. Return: 1.5%-18% APR
3. Interest currency: ETH
4. Subscription Time: July 21st 4:00 - July 22nd 4:00 (UTC time)
5. Lockup period: 7 days
6. Interest calculation start time: 4:00 on July 22nd, (UTC time)
7. Settlement Time: 6:00 on July 29th (UTC time)
8. Observation price: refer to the ETH/USDT perpetual contract price on Gate.io
9. If at any time during the observation period, the price is above or below the per-specified price range, the product is settled on a 3% 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 29th UTC.