Gate HODL& Earn Launches “SharkFin BTC6-Day No.34”, Estimated Reward of 3%-16% P.A.

Gate HODL& Earn will launch its 34th shark fin structured product“Shark Fin BTC 6-Day No.34” on September 18th, 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. The shark fin product is
principal protected.



Participate in via https://www.gate.com/hodl/767 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 $44,500, or is equal to or above $51,500, 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 ($44,500-$51,500), investors
will get a return up to 16% APR. (The closer to the $51,500 level, the
higher the return rate).







Specifications of Shark Fin BTC 6-Day No.34

1. Lockup currency BTC
   
2. Zero handling fee.
   
3. Return: floating interest rate, ranging from 3%-16% 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
   
7. Observation period: Saturday 12:00 PM- next Friday 12:00 PM UTC
   
8. 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.
   
   
   
   

   
   

   
   

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   Gate Team

   September 17th, 2021