Gate.io Launched the 1st Shark Fin 2.0 Products Phase: With An Annualized Yield of Up To 18%

Gate.io launched the first Shark Fin 2.0 products phase which are available for subscription starting 4:00 on February 15th to 15:00 on February 15th UTC, with an annualized yield of 3%~18%. The total position reaches 2,000,000 USDT, the lock-up period is 7 days, and the price range is $39,200 - $44,200.

Users can go to the Gate.io official website as of right now to experience a variety of new high-yield financial products. Gate.io will release new arrivials at 4:00 a.m. UTC daily.

Participate in the first Shark Fin 2.0 products phase: https://www.gate.io/structured_financial/sharkFin2/2

How does the Shark Fin 2.0 product generate a return on investment?
During the observation period, if the prices of the target asset stay within the per-specified price range ($39,200~$44,200), users can earn a higher annualized income of 18%.
At settlement, the closer the prices of the target asset price are to the upper limit ($44,200) 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 $39,200, or higher than $44,200), the user can obtain a guaranteed return of 3%.



Specifications of the SharkFin2.0_USDT_20220215 Product
1. Lockup currency: USDT
2. Return: floating interest rate, ranging from 3%-18% APR
3. Interest currency: USDT
4. Subscription Time: February 15th 4:00 - February 15th 15:00 (UTC time)
5. Lockup period: 7 days
6. Interest calculation start time: 8:00 on February 15th, UTC time
7. Settlement Time: 8:00 on February 22nd, UTC time
8. Observation period: refer to the BTC/USDT perpetual contract price on Gate.io
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 Deribit at 8:00 on Feb 22nd UTC.


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Gate.io Team
February 14