Gate.io will launch a Shark Fin 2.0 product with an annualized yield of 2%~25%. It will be available for subscription starting from 4:00 on March 1st to 13:00 on March 1st UTC. The total position reaches 2,000,000 USDT, the lock-up period is 7 days, and the price range is $41,000 - $46,000. You're welcome to participate!

　　View more details at https://www.gate.io/structured_financial/sharkFin2/9

　　Users can go to the Gate.io official website to experience a variety of new high-yield financial products. We will release new arrivals at 4:00 a.m. UTC daily.

　　View more on Structured Financial Products

　　How does the new Shark Fin 2.0 product generate a return on investment？

　　During the observation period, if the prices of the target asset stay within the per-specified price range ($41,000~$46,000), 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 ($46,000) 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 $41,000, or higher than $46,000), the user can obtain a guaranteed return of 2%.

　　Specifications of the SharkFin2.0_USDT_20220301 Product

　　1. Lockup currency: USDT

　　2. Return: floating interest rate, ranging from 2%-25% APR

　　3. Interest currency: USDT

　　4. Subscription Time: March 1st 4:00 - March 1st 13:00 (UTC time)

　　5. Lockup period: 7 days

　　6. Interest calculation start time: 8:00 on March 1st, UTC time

　　7. Settlement Time: 8:00 on March 8th, 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 above or below the per-specified price range, the product is settled on a 2% 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 Mar 8th UTC.

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　　Gate.io Team

　　March 1