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    Gate.io Daily Shark Fin Hit The Price Range: The Final Annualized Yield is 3.41%!

    Create Time:2022-08-10 09:57:23 UTCRead:6517

    Gate.io launched "Daily Shark Fin_BTC_20220803" and "Daily Shark Fin_USDT_20220803" at 4:00 AM on August 2nd on the structured products page. During the observation period, the BTC price always stayed within the per-specified price range [$22800 - $24300] and hit the high-yield range. Users who have successfully participated in these two products can get a high annualized income of 3.41% at settlement!

    Participate Now:https://www.gate.io/structured_financial/home/market

    How to calculate the hit-range yield:
    Settlement price = $22,847.60 (the opening price of Gate.io BTC/USDT perpetual contract at 4:00 on August 10th, UTC)
    Final annualized yield= 3% + (period-end settlement price - lower price) / (upper price - lower price) * (16% - 3%)
    =3%+(22,847.60-22,800)/(24,300 -22,800)*(16%-3%)

    *Gate.io Structured Products Observation Mechanism:
    It is a mechanism to observe whether the observation prices have knocked out the price range during the specified period or not. However, the mechanism is inapplicable to the price fluctuations during the non-observation period. That’s to say, even if the prices have knocked out the price range during the non-observation period, we regard it as the situation of failing to knock out the price range. The price observation mechanism offers users a greater chance to obtain high returns. (The knock-out range means the price goes beyond the upper price or falls below the lower price.)
    A high yield can be obtained since the prices knocked out the price range while they were not in the observation period.

    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
    August 10th,2022
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