Announcements Daily SharkFin Special_2022/06/17 Product Launched: Get An Annualized Yield of Up To 25%!

Daily SharkFin Special_2022/06/17 Product Launched: Get An Annualized Yield of Up To 25%!

2022-06-16 04:38:51 UTC 22288 Read
Gate.io will launch a Daily BTC & USDT SharkFin SPECIAL Product with an annualized yield of 3%~25%. It will be available for subscription starting from 4:00 on June 16th to 8:00 on June 17th UTC. The total position reaches 300 BTC and 8,000,000 USDT, the lock-up period is 7 days, and the price range is $21,000 - $23,000. You're welcome to participate!

You're welcome to be part of the 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 ($21,000~$23,000), users can then earn a higher annualized income of 25%. At settlement, the closer the prices of the target asset price are to the upper limit ($23,000) 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 $21,000, or higher than $23,000), the user can obtain a guaranteed return of 3%.

Specifications of the Daily SharkFin_Special_20220617 Product
1. Lockup currency: Choose either BTC or USDT
2. Return: floating interest rate, ranging from 3%-25% APR
3. Interest currency: depend on lockup currency
4. Subscription Time: June 16th 4:00 - June 17th 8:00 (UTC time)
5. Lockup period: 7 days
6. Interest calculation start time: 8:00 on June 17th, UTC time
7. Settlement Time: 8:00 on June 24th, 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 25% 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 June 24th 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
June 16th,2022
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