Gate.io will launch a Daily BTC & USDT SharkFin SPECIAL Product with an annualized yield of 3%~25%. It will be available for subscription starting from 4:00 on June 2nd to 8:00 on June 3rd 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 participate!

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



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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 ($30,000~$33,000), 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 ($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_Special_20220603 Product
1. Lockup currency: Choose either BTC or USDT
2. Return: floating interest rate, ranging from 3%-25% APR
3. Interest currency: depend on lockup currency
4. Subscription Time: June 2nd 4:00 - June 3rd 8:00 (UTC time)
5. Lockup period: 7 days
6. Interest calculation start time: 8:00 on June 3rd, UTC time
7. Settlement Time: 8:00 on June 10th, 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 25% 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 June 10th 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 2nd，2022