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Gate.io Daily Shark Fin Hit The Price Range: The Final Annualized Yield is 10.92%!
2022-10-24 10:03:08 UTC
Congratulations to users of Gate.io's Daily SharkFin_20221015, Daily SharkFin_20221016, and Daily SharkFin_20221017. The prices of these three products remained within the price range during the observation period, and thus you got a high APR! The Final Annualized Yield is 10.92%!. Check your assets now!
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.