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Gate.io HODL& Earn Launches “SharkFin BTC6-Day No.33”, Estimated Reward of 3%-16% P.A.
Gate.io HODL& Earn will launch its 33rd shark fin structured product“Shark Fin BTC 6-Day No.33” on September 11st, 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.io/hodl/751 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 $43,500, or is equal to or above $50,500, 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 ($43,500-$50,500), investors will get a return up to 16% APR. (The closer to the $50,500 level, the higher the return rate).
Specifications of Shark Fin BTC 6-Day No.33
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
8. Observation period: Saturday 12:00 PM- next Friday 12:00 PM UTC
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 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.
Read the original article at gate-io Participate in via https://www.gate.io/hodl/751 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 $43,500, or is equal to or above $50,500, 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 ($43,500-$50,500), investors will get a return up to 16% APR. (The closer to the $50,500 level, the higher the return rate).
Specifications of Shark Fin BTC 6-Day No.33
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
8. Observation period: Saturday 12:00 PM- next Friday 12:00 PM UTC
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 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.
Gate.io is a Cryptocurrency Trading Platform Since 2013
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Gate.io Team
September 10th, 2021
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