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 8th to 13:00 on March 8th UTC. The total position reaches 300 BTC, the lock-up period is 7 days, and the price range is $36,500 - $41,000. You're welcome to participate!



View more details at https://www.gate.com/structured_financial/sharkFin2/18



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 ($36,500~$41,000), 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 ($41,000) 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 $36,500, or higher than $41,000), the user can obtain a guaranteed return of 3%.





Specifications of the Daily SharkFin_BTC_20220308 Product

1. Lockup currency: BTC
   
2. Return: floating interest rate, ranging from 3%-16% APR
   
3. Interest currency: BTC
   
4. Subscription Time: March 8th 8:00 - March 8th 13:00 (UTC time)
   
5. Lockup period: 7 days
   
6. Interest calculation start time: 8:00 on March 8th, UTC time
   
7. Settlement Time: 8:00 on March 15th, 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 15th UTC.
   
   
   
   
   
   
   
   
   
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   Gate Team
   
   March 7