Gate.io will launch a Daily BTC & USDT SharkFin SPECIAL Product with an annualized yield of 3%~18%. It will be available for subscription starting from
4:00 on July 14th to 4:00 on July 15th UTC. The total position reaches 300 BTC and 8,000,000 USDT, the lock-up period is 7 days, and the price range is $19,800 - $21,000. You're welcome to participate!
Earn Now: Daily BTC SharkFin SPECIAL &
Daily USDT SharkFin SPECIAL!
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 ($19,800~$21,000), users can then earn a higher annualized income of 18%. At settlement, the closer the prices of the target asset price are to the upper limit ($21,000) 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 $19,800, or higher than $21,000), the user can obtain a guaranteed return of 3%.
Specifications of the Daily SharkFin_Special_20220715 Product
1. Lockup currency: Choose either BTC or USDT
2. Return: floating interest rate, ranging from 3%-18% APR
3. Interest currency: depend on lockup currency
4. Subscription Time: July 14th 4:00 - July 15th 4:00 (UTC time)
5. Lockup period: 7 days
6. Interest calculation start time: 4:00 on July 15th, (UTC time)
7. Settlement Time: 6:00 on July 22nd (UTC time)
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 18% 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 22nd 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 14th,2022