Daily SharkFin Saturday Special Product under USDT Launched: Get An Annualized Yield of Up To 25%!

Gate will launch a Daily SharkFin Saturday Special product under USDT with an annualized yield of 3%~25%. It will be available for subscription starting from 4:00 on March 25th to 15:00 on March 27th UTC. The total position reaches 100,000,000 USDT, the lock-up period is 6 days, and the price range is $46,500 - $50,500. You're welcome to participate!



View more details at https://www.gate.com/structured_financial/sharkFin2/50



Users can go to the Gate official website to experience a variety of new high-yield financial products. We will release new arrivals every day.

View more on Structured Financial Products



*Gate Structured Products Team will give you the best advice on which structured products are suitable for you best based on market conditions. Moreover, during the actual operation, the product parameters will be adjusted according to the BTC price and market conditions issued at that time. In this way, we can offer you a better chance to obtain a high rate of return. (The adjusted price range will be $1000 to $5000 higher than the Gate BTC/USDT perpetual contract price at 4:00 AM UTC on interest calculation start day.)





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 ($46,500 - $50,500), 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 ($50,500) 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 $46,500, or higher than $50,500), the user can obtain a guaranteed return of 3%.

Specifications of the Daily USDT SharkFin_Saturday Special_20220326 Product
1. Lockup currency: USDT
2. Return: floating interest rate, ranging from 3%-25% APR
3. Interest currency: USDT
4. Subscription Time: March 25th 4:00 - March 27th 15:00 (UTC time)
5. Lockup period: 6 days
6. Interest calculation start time: 8:00 on March 26th, UTC time
7. Settlement Time: 8:00 on April 1st, UTC time
8. Observation price: refer to the underlying asset settlement price on Deribit
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 at 8:00 on Apr 1st UTC.



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Gate Team
March 25