You're welcome to be part of the Daily BTC SharkFin
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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 ($19,000~$21,000), 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 ($21,000) 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 $19,000, or higher than $21,000), the user can obtain a guaranteed return of 3%.
Specifications of the Daily SharkFin_2022/07/04
1. Lockup currency: Choose either BTC
2. Return: floating interest rate, ranging from 3%-16% APR
3. Interest currency: depend on lockup currency
4. Subscription Time: July 1st 4:00 - July 4th 4:00 (UTC time)
5. Lockup period: 7 days
6. Interest calculation start time: 4:00 on July 4th (UTC time)
7. Settlement Time: 4:00 on July 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 84:00 on July 11th 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
July 1st,2022