Daily SharkFin under USDT Launched: Get An Annualized Yield of Up To 16%!

Gate.io will launch a Daily SharkFin under USDT with an annualized yield of 3%~16%. It will be available for subscription starting from 4:00 on April 12th to 4:00 on April 13th UTC. The total position reaches 8,000,000 USDT, the lock-up period is 7 days, and the price range is $37,500 - $41,500. You're welcome to participate!
View more details at https://www.gate.io/structured_financial/sharkFin2/74


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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 ($37,500~$41,500), 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 ($41,500) 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 $37,500, or higher than $41,500), the user can obtain a guaranteed return of 3%.

Specifications of the Daily USDT SharkFin_20220413
1. Lockup currency: USDT
2. Return: floating interest rate, ranging from 3%-16% APR
3. Interest currency: USDT
4. Subscription Time: April 12th 4:00 - April 13th 4:00 (UTC time)
5. Lockup period: 7 days
6. Interest calculation start time: 4:00 on April 13th, UTC time
7. Settlement Time: 8:00 on April 20th, UTC time
8. Observation price: refer to the BTC/USDT perpetual contract price on Deribit
9. If at any time during the observation period, the price is below the per-specified price range, the product is settled on a 3% APR; if the price is above the per-specified price range, the product is settled on a 16% 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.io at 8:00 on Apr 20th UTC.


Users can go to the Gate.io official website to experience a variety of new high-yield financial products. We will release new arrivals every day.
View more on Structured Financial Products

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Gate.io Team
April 12