Gate. io 33rd BTC SharkFin's Stayed Within the Ideal Range, Locked 6 Days Interest Rate up to 14.83% Announcement

The “Gate Weekly BTC Sharkfin Product #33"
launched on September 11st, 4:00 am UTC. During the observation period,
the price of BTC has always been in the range of [$41,500-$48,500],
hitting the high-yield area. The settlement price of this Sharkfin
product is $47,867.53. Congratulations to participating users who can get
14.83% annualized BTC revenue in 6 days, and the total interest benefit
exceeded $34,800.



The interest has been paid to user accounts. Users can go to “Billing Details” to view the rewards they have received.



Gate Weekly BTC Sharkfin Product #33 Revenue Calculation:

The settlement price: $47867.53

The settlement annualized = 3%+（47867.53-41500）/（48500-41500）*（16%-3%）=14.83%

Details: https://www.gate.com/en/article/22502



Every Saturday at 12 noon, Gate HODL& Earn will launch a new
issue of its BTC SharkFin product. The 34th phase of SharkFin structured
product will be launched next Saturday (18 September) at 4:00 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.

Participate via https://www.gate.com/hodl/767





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).