Gate.io Structured Products will launch its 72nd weekly shark fin structured product“Weekly Shark Fin BTC 7-Day No.72” on June 9th, at 8:00 AM UTC, with an estimated return of 3%-16% P.A. The total lock-up amount is capped at 300 BTC, with a lock-up period of 7 days. The weekly shark fin product is principal protected.
View more details at https://www.gate.io/structured_financial/sharkFin/170
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How does the Weekly Shark Fin BTC Weekly product bring you a return?
If at any time during the lifetime of the shark fin product, BTC price is equal to or below $27,900, or is equal to or above $30,900 the investor will get a minimum return （3%） on their principal at maturity.
If during the entire lifetime of the shark fin product, BTC price always stays within the per-specified range （$27,900-$30,900）, investors will get a return up to 16% APR. （The closer to the $30,900 level, the higher the return rate）.
Specifications of Weekly Shark Fin BTC 7-Day No.72
1. Lockup currency BTC
2. Zero handling fee.
3. Return: floating interest rate, ranging from 3%-16% APR
4. Interest currency: BTC
5. Subscription Time: June 9th 8:00 - June 10th 8:00 (UTC time)
6. Lockup period: 7 days
7. Observation period: Friday 8:00 PM- next Friday 8:00 PM UTC
8. 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 the underlying asset settlement price falls on Deribit on Friday 8:00 AM UTC.
9. If the market fluctuates drastically before the observation period starts, we will adjust the price range to maximize investors’ return.
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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June 9th, 2022