Gate.io launched a Daily BTC & USDT SharkFin Special with an annualized yield of 3%~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 BTC and 8,000,000 USDT, the lock-up period is 7 days, and the price range is $23,000 - $24,500.
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How does the Daily BTC & USDT 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 ($23,000~$24,500), 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 ($24,500) 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 $23,000, or higher than $24,500), the user can obtain a guaranteed return of 3%.
Specifications of the Daily SharkFin Special_2022/07/22
1. Lockup currency: Choose either BTC or USDT
2. Return: 3%-18% APR
3. Interest currency: depend on lockup currency
4. Subscription Time: July 21st 4:00 - July 22nd 4:00 UTC
5. Lockup period: 7 days
6. Interest calculation start time: 4:00 on July 22nd UTC
7. Settlement Time: 4:00 on July 29th 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 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.
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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Gate.io Team
July 21st,2022
