Gate Structured Products Launch the Daily SharkFin under BTC: Get An Annualized Yield of Up To 16%!

Gate will launch a Daily SharkFin product under BTC with an annualized yield of 3%~16%. It will be available for subscription starting from 8:00 on March 18th to 13:00 on March 18th UTC. The total position reaches 300 BTC, the lock-up period is 7 days, and the price range is $39,000 - $42,840. You're welcome to participate!



View more details at https://www.gate.com/structured_financial/sharkFin2/36



Users can go to the Gate official website to experience a variety of new high-yield financial products. We will release new arrivals at 8:00 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 ($39,000~$42,840), 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 ($42,840) 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 $39,000, or higher than $42,840), the user can obtain a guaranteed return of 3%.

Specifications of the Daily SharkFin_BTC_20220318 Product
1. Lockup currency: BTC
2. Return: floating interest rate, ranging from 3%-16% APR
3. Interest currency: BTC
4. Subscription Time: March 18th 8:00 - March 18th 13:00 (UTC time)
5. Lockup period: 7 days
6. Interest calculation start time: 8:00 on March 18th, UTC time
7. Settlement Time: 8:00 on March 25th, 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 25th UTC.



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Gate Team
March 17