View more details at https://www.gate.io/structured_financial/sharkFin2/68
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 ($37,500~$41,500), 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 ($41,500) 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 $37,500, or higher than $41,500), the user can obtain a guaranteed return of 3%.
Specifications of the Daily BTC SharkFin_20220418 Product
1. Lockup currency: BTC
2. Return: floating interest rate, ranging from 3%-16% APR
3. Interest currency: BTC
4. Subscription Time: April 17th 4:00 - April 18th 4:00 (UTC time)
5. Lockup period: 7 days
6. Interest calculation start time: 4:00 on April 18th, UTC time
7. Settlement Time: 4:00 on April 25th, 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 4:00 on Apr 25th 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_io
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
Podcast: https://gateio.buzzsprout.com/?ch=buzzs
Gate.io Team
April 15