Gate HODL& Earn will launch its
first shark fin structured product“Shark Fin BTC 6-Day No.1” on Jan
23rd, at 4:00 AM UTC, with an estimated return of 3%-15% 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. Participate in via https://www.gate.com/hodl/328
or Tap Finance on markets screen and then tap “HODL&Earn”on the APP.
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 $33,500, or is equal to or above $37,500, 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 ($33,500-$37,500),
investors will get a return up to 15% APR. (The closer to the $37,500
level, the higher the return rate).
Specifications of Shark Fin BTC 6-Day No.1
1. Lockup currency BTC
2. Zero handling fee.
3. Return: floating interest rate, ranging from 3%-15% APR
4. Interest currency: BTC
5. Subscri-ption starts-Lockup ends: Saturday 4:00 AM-next Saturday 4:00 AM
6. Lockup period: 6 days
7.Settlement Time: 3:00-4:00 AM UTC , Saturday
8. Observation period: Saturday 12:00 PM- next Friday 12:00 PM UTC
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 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.
What is a Shark Fin Product?
Gate Shark Fin is a capital protected investment product. If the underlying asset price is within the pre-specified range, the investor will get a higher yield. Otherwise, the investors will get a minimum return (about 3% APR).
Gate is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support.
Gate Team
January 22, 2021
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Disclaimer
The content provided herein is for reference and educational purposes only and does not constitute any financial, investment, trading, or legal advice, nor does it constitute an offer or solicitation to buy or sell any digital assets. Gate makes no express or implied representations or warranties regarding the accuracy, completeness, or timeliness of the information contained herein. Product features, interfaces, rules, and fee structures may be updated or adjusted at any time. Please refer to the latest announcements and the actual information displayed on the Gate platform for the most accurate details.
Digital asset investments involve significant risk, and prices may fluctuate substantially. You may lose the entire amount of your investment. Please make decisions cautiously based on your own financial situation and risk tolerance after fully understanding the associated risks. If necessary, you are advised to consult an independent professional financial or legal advisor.
For more information about potential risks, please refer to Gate's Risk Disclosure and User Agreement.
