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

Gate.io will launch a Daily SharkFin Saturday Special product under BTC with an annualized yield of 3%~25%. It will be available for subscription starting from 4:00 on March 19th to 15:00 on March 20th UTC. The total position reaches 300 BTC, the lock-up period is 6 days, and the price range is $39,000 - $42,840. You're welcome to participate!

View more details at https://www.gate.io/structured_financial/sharkFin2/40

Users can go to the Gate.io official website to experience a variety of new high-yield financial products. We will release new arrivals at 4:00 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 ($39,000~$42,840), 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 ($42,840) 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 $39,000, or higher than $42,840), the user can obtain a guaranteed return of 3%.

Specifications of the Daily BTC SharkFin_Saturday Special_20220319 Product
1. Lockup currency: BTC
2. Return: floating interest rate, ranging from 3%-25% APR
3. Interest currency: BTC
4. Subscription Time: March 19th 4:00 - March 20th 15:00 (UTC time)
5. Lockup period: 6 days
6. Interest calculation start time: 8:00 on March 19th, UTC time
7. Settlement Time: 8:00 on March 25th, 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 Mar 25th UTC.



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Gate.io Team
March 18