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

      Gate.io will launch a Daily BTC & USDT SharkFin with an annualized yield of 3%~16%. It will be available for subscription starting from 04:00 on June 5th to 04:00 on June 6th UTC.The total position reaches 300 BTC and 8,000,000 USDT, the lock-up period is 7 days, and the price range is $30,000 - $33,000.

      You're welcome to be part of the Daily BTC SharkFin & Daily USDT SharkFin!


      Join Gate.io HODL & Earn Telegram group


      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 ($30,000~$33,000), 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 ($33,000) 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 $30,000, or higher than $33,000), the user can obtain a guaranteed return of 3%.

      Specifications of the Daily SharkFin_2022/06/06
      1. Lockup currency: Choose either BTC or USDT
      2. Return: floating interest rate, ranging from 3%-16% APR
      3. Interest currency: depend on lockup currency
      4. Subscription Time: June 5th 4:00 - June 6th 4:00 (UTC time)
      5. Lockup period: 7 days
      6. Interest calculation start time: 4:00 on June 6th, UTC time
      7. Settlement Time: 4:00 on June 13th, UTC time
      8. Observation price: refer to the BTC/USDT perpetual contract price on Gate.io
      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 4:00 on June 13t 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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      Reach out to us!
      Twitter: https://twitter.com/gate_io
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      Medium:https://medium.com/@gateio
      Podcast: https://gateio.buzzsprout.com/?ch=buzzs

      Gate.io Team
      June 2nd,2022
      Read the original article at gate-io

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