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ETH SharkFin_2022/07/07 Launched: Earn Up to 16% APY
Gate.io will launch a ETH SharkFin with an annualized yield of 1.5%~16%. It will be available for subscription starting from 04:00 on July 6th to 04:00 on July 7th UTC. The total position reaches 3,000 ETH , the lock-up period is 7 days, and the price range is $1,050 - $1,1800.
You're welcome to be part of the ETH SharkFin
Join Gate.io HODL & Earn Telegram group
How does the new ETH 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 ($1,050~$1,180), 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 ($1,180) 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 $1,050, or higher than $1,180), the user can obtain a guaranteed return of 1.5%.
Specifications of the ETH SharkFin_2022/07/07
1. Lockup currency: Choose either ETH
2. Return: floating interest rate, ranging from 1.5%-16% APR
3. Interest currency: ETH
4. Subscription Time: July 6th 4:00 - July 7th 4:00 (UTC time)
5. Lockup period: 7 days
6. Interest calculation start time: 4:00 on July 7th, UTC time
7. Settlement Time: 4:00 on July 14th, UTC time
8. Observation price: refer to the ETH 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 1.5% 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 ETH perpetual contract price falls on Gate.io at 4:00 on July 14th 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
Gateway to Crypto
Trade over 1,400 cryptocurrencies safely, quickly and easily on Gate.io
Sign up to enter the crypto gateway and get 40% commission from referrals
Download iOS/Android App right now.
Reach out to us!
Twitter: https://twitter.com/gate_io
Telegram: https://t.me/gate_io
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
Podcast: https://gateio.buzzsprout.com/?ch=buzzs
Gate.io Team
July 6th,2022
Read the original article at gate-io
You're welcome to be part of the ETH SharkFin
Join Gate.io HODL & Earn Telegram group
How does the new ETH 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 ($1,050~$1,180), 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 ($1,180) 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 $1,050, or higher than $1,180), the user can obtain a guaranteed return of 1.5%.
Specifications of the ETH SharkFin_2022/07/07
1. Lockup currency: Choose either ETH
2. Return: floating interest rate, ranging from 1.5%-16% APR
3. Interest currency: ETH
4. Subscription Time: July 6th 4:00 - July 7th 4:00 (UTC time)
5. Lockup period: 7 days
6. Interest calculation start time: 4:00 on July 7th, UTC time
7. Settlement Time: 4:00 on July 14th, UTC time
8. Observation price: refer to the ETH 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 1.5% 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 ETH perpetual contract price falls on Gate.io at 4:00 on July 14th 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
Gateway to Crypto
Trade over 1,400 cryptocurrencies safely, quickly and easily on Gate.io
Sign up to enter the crypto gateway and get 40% commission from referrals
Download iOS/Android App right now.
Reach out to us!
Twitter: https://twitter.com/gate_io
Telegram: https://t.me/gate_io
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
Podcast: https://gateio.buzzsprout.com/?ch=buzzs
Gate.io Team
July 6th,2022
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