Daily SharkFin Launched: Get An Annualized Yield of Up To 16%!
2022-06-02 08:17:05 UTC
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Gate.io will launch a Daily BTC & USDT SharkFin with an annualized yield of 3%~16%. It will be available for subscription starting from 04:00 on June 3rd to 04:00 on June 4th UTC.The total position reaches 300 BTC and 8,000,000 USDT, the lock-up period is 7 days, and the price range is $30,000 - $33,000.
You're welcome to be part of the Daily BTC SharkFin & Daily USDT SharkFin!
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 ($30,000~$33,000), 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 ($33,000) 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 $30,000, or higher than $33,000), the user can obtain a guaranteed return of 3%.
Specifications of the Daily SharkFin_2022/06/04
1. Lockup currency: Choose either BTC or USDT
2. Return: floating interest rate, ranging from 3%-16% APR
3. Interest currency: depend on lockup currency
4. Subscription Time: June 3rd 4:00 - June 4th 4:00 (UTC time)
5. Lockup period: 7 days
6. Interest calculation start time: 4:00 on June 4th, UTC time
7. Settlement Time: 4:00 on June 11th, 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 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 4:00 on June 11t 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
Gateway to Crypto
Trade over 1,400 cryptocurrencies safely, quickly and easily on Gate.io
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
June 2nd，2022
You're welcome to be part of the Daily BTC SharkFin & Daily USDT SharkFin!
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 ($30,000~$33,000), 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 ($33,000) 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 $30,000, or higher than $33,000), the user can obtain a guaranteed return of 3%.
Specifications of the Daily SharkFin_2022/06/04
1. Lockup currency: Choose either BTC or USDT
2. Return: floating interest rate, ranging from 3%-16% APR
3. Interest currency: depend on lockup currency
4. Subscription Time: June 3rd 4:00 - June 4th 4:00 (UTC time)
5. Lockup period: 7 days
6. Interest calculation start time: 4:00 on June 4th, UTC time
7. Settlement Time: 4:00 on June 11th, 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 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 4:00 on June 11t 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
Gateway to Crypto
Trade over 1,400 cryptocurrencies safely, quickly and easily on Gate.io
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
June 2nd，2022
