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Daily SharkFin under BTC Launched: Get An Annualized Yield of Up To 16%!
Daily SharkFin under BTC Launched: Get An Annualized Yield of Up To 16%!
2022-04-14 01:48:26 UTC
18544 Okundu
Gate.io will launch a Daily SharkFin under BTC with an annualized yield of 3%~16%. It will be available for subscription starting from 4:00 on April 13th to 4:00 on April 14th UTC. The total position reaches 300 BTC, the lock-up period is 7 days, and the price range is $40,000 - $44,000. You're welcome to participate!
View more details at https://www.gate.io/structured_financial/sharkFin2/76
Join Gate.io HODL & Earn Telegram group: https://t.me/gateio_hodl_en
Now you could stand a chance to win Gate.io SharkFin Contest at Twitter
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 ($40,000~$44,000), users can then earn a higher annualized income of 16%. At settlement, the closer the prices of the target asset price are to the upper limit ($44,000) 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 $40,000, or higher than $44,000), the user can obtain a guaranteed return of 3%.
Specifications of the Daily BTC SharkFin_20220414
1. Lockup currency: BTC
2. Return: floating interest rate, ranging from 3%-16% APR
3. Interest currency: BTC
4. Subscription Time: April 13th 4:00 - April 14th 4:00 (UTC time)
5. Lockup period: 7 days
6. Interest calculation start time: 4:00 on April 14th, UTC time
7. Settlement Time: 8:00 on April 21st, UTC time
8. Observation price: refer to the BTC/USDT perpetual contract price on Deribit
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 16% 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 8:00 on Apr 21st 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
Gate.io is a Cryptocurrency Trading Platform Since 2013
Top ranking, Trustworthy, Transparent
Sign up to enter the crypto gateway and get 40% commission from referrals
Download iOS/Android App right now.
Reach out to us!
Twitter: https://twitter.com/gate_io
Telegram: https://t.me/gate_zh
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
Podcast: https://gateio.buzzsprout.com/?ch=buzzs
Gate.io Team
April 13
View more details at https://www.gate.io/structured_financial/sharkFin2/76
Join Gate.io HODL & Earn Telegram group: https://t.me/gateio_hodl_en
Now you could stand a chance to win Gate.io SharkFin Contest at Twitter
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 ($40,000~$44,000), users can then earn a higher annualized income of 16%. At settlement, the closer the prices of the target asset price are to the upper limit ($44,000) 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 $40,000, or higher than $44,000), the user can obtain a guaranteed return of 3%.
Specifications of the Daily BTC SharkFin_20220414
1. Lockup currency: BTC
2. Return: floating interest rate, ranging from 3%-16% APR
3. Interest currency: BTC
4. Subscription Time: April 13th 4:00 - April 14th 4:00 (UTC time)
5. Lockup period: 7 days
6. Interest calculation start time: 4:00 on April 14th, UTC time
7. Settlement Time: 8:00 on April 21st, UTC time
8. Observation price: refer to the BTC/USDT perpetual contract price on Deribit
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 16% 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 8:00 on Apr 21st 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
Gate.io is a Cryptocurrency Trading Platform Since 2013
Top ranking, Trustworthy, Transparent
Sign up to enter the crypto gateway and get 40% commission from referrals
Download iOS/Android App right now.
Reach out to us!
Twitter: https://twitter.com/gate_io
Telegram: https://t.me/gate_zh
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
Podcast: https://gateio.buzzsprout.com/?ch=buzzs
Gate.io Team
April 13
