Gate HODL& Earn Launches “SharkFin BTC 6-Day No.54”, Estimated Reward of 3%-16% P.A.

Gate HODL& Earn will launch its 54th shark fin structured product“Shark Fin BTC 6-Day No.54” on Feb 5th, at 10:00 AM UTC, with an estimated return of 3%-16% P.A. The total lock-up amount is capped at 300 BTC, with a lock-up period of 6 days. The shark fin product is principal protected.



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How does the Shark Fin BTC Weekly product bring you a return?

If at any time during the lifetime of the shark fin product, BTC price is equal to or below $39,500, or is equal to or above $43,300, the investor will get a minimum return （3%） on their principal at maturity.

If during the entire lifetime of the shark fin product, BTC price always stays within the per-specified range （$39,500-$43,300）, investors will get a return up to 16% APR. （The closer to the $43,300 level, the higher the return rate）.





Specifications of Shark Fin BTC 6-Day No.54

1. Lockup currency BTC
   
2. Zero handling fee.
   
3. Return: floating interest rate, ranging from 3%-16% APR
   
4. Interest currency: BTC
   
5. Subscri-ption starts-Lockup ends: Saturday 10:00 AM-next Saturday 10:00 AM
   
6. Lockup period: 6 days
   
   7.Settlement Time: 3:00-4:00 AM UTC , Saturday
   
7. Observation period: Saturday 12:00 PM- next Friday 12:00 PM UTC
   
8. If at any time during the observation period, the price is above or below the per-specified price range, the product is settled on a 3% APR. If prices always stay within the price range, the return rate will be determined according to where the underlying asset settlement price falls on Deribit on Friday 8:00 AM UTC.
   
   10 If the market fluctuates drastically before the observation period starts,, we will adjust the price range to maximize investors’ return.
   
   
   
   
   
   
   
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   Gate Team
   
   February 3