Gate will launch a Daily SharkFin Saturday Special product under BTC with an annualized yield of 3%~25%. It will be available for subscription starting from 4:00 on March 12th to 13:00 on March 12th UTC. The total position reaches 300 BTC, the lock-up period is 6 days, and the price range is $37,000 - $40,840. You're welcome to participate!
View more details at https://www.gate.com/structured_financial/sharkFin2/27
Users can go to the Gate official website to experience a variety of new high-yield financial products. We will release new arrivals at 4:00 a.m. UTC daily.
View more on Structured Financial Products
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 ($37,000~$40,840), 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 ($40,840) 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 $37,000, or higher than $40,840), the user can obtain a guaranteed return of 3%.
Specifications of the Daily BTC SharkFin_Saturday Special_20220312 Product
1. Lockup currency: BTC
2. Return: floating interest rate, ranging from 3%-25% APR
3. Interest currency: BTC
4. Subscription Time: March 12th 4:00 - March 12th 13:00 (UTC time)
5. Lockup period: 6 days
6. Interest calculation start time: 8:00 on March 12th, UTC time
7. Settlement Time: 8:00 on March 18th, UTC time
8. Observation price: refer to the BTC/USDT perpetual contract price on Gate
9. 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 BTC/USDT perpetual contract price falls on Gate at 8:00 on Mar 18th UTC.
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Gate Team
March 11
