Gate.io will launch a Bullish ETH SharkFin product with an annualized yield of 1.5%~16%. The product is to be pre-sold from 04:00 on June 17th to 04:00 on June 19th UTC. The total position reaches 3,000 ETH, the lock-up period is 7 days, and the price range is $1,400 - $1,800. You're welcome to participate!

You're welcome to be part of the Bullish ETH SharkFin


More exciting activities are waiting for you!
1.Join Gate.io HODL & Earn Telegram group
2.Participate in the Gate.io SharkFin Contest Activity

*Gate.io Structured Products Team will give you the best advice on which structured products are suitable for you best based on market conditions. Moreover, during the actual operation, the product parameters will be adjusted according to the ETH price and market conditions issued at that time. In this way, we can offer you a better chance to obtain a high rate of return. (The adjusted price range will be $1000 to $5000 higher than the Gate.io ETH/USDT perpetual contract price at 4:00 AM UTC on interest calculation start day.)

How does the Bullish Shark Fin product generate a return on investment?
1) During the observation period, if the prices of the target asset always stay within the per-specified price range ($1,400~$1,800), users can earn a higher annualized income (the guaranteed yield rate < the final yield rate < the maximum yield rate); At settlement, the closer the prices of the target asset are to the upper limit($1,800) of the price range, the higher the annual return.
2) During the observation period, if the prices of the target asset rose above the upper limit of the price range but didn’t fall out of the lower limit of the price range (≥ $1,800), the user will obtain a medium yield(5%).
3) During the observation period, if the prices of the target asset fell lower than the lower limit of the price range but didn’t go beyond the upper limit of the price range (≤ $1,400), the user will obtain the guaranteed yield rate(1.5%).

Specifications of the Bullish SharkFin_20220619 Product
1. Lockup currency: Choose either ETH
2. Return: floating interest rate, ranging from 1.5%-16% APR
3. Interest currency: depend on lockup currency
4. Subscription Time: June 17th 4:00 - June 19th 4:00 (UTC time)
5. Lockup period: 7 days
6. Interest calculation start time: 4:00 on June 19th, UTC time
7. Settlement Time: 4:00 on June 26th, UTC time
8. Observation price: refer to the ETH/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 1.5% APR; if the price is above the per-specified price range, the product is settled on an 5% APR. If prices always stay within the price range, the return rate will be determined according to where ETH/USDT perpetual contract price falls on Gate.io at 4:00 on June 26th 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
June 17th，2022