Gate.io will launch a Daily SharkFin product under BTC with an annualized yield of 3%~25%. It will be available for subscription starting from 4:00 on March 5th to 10:00 on March 6th UTC. The total position reaches 300 BTC, the lock-up period is 6 days, and the price range is $36,500 - $41,000. You're welcome to participate!

　　View more details at https://www.gate.io/structured_financial/sharkFin2/14

　　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 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 , 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 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 , the user can obtain a guaranteed return of 3%.

　　Specifications of the Daily SharkFin_BTC_20220305 Product

　　1. Lockup currency: BTC

　　2. Return: floating interest rate, ranging from 3%-25% APR

　　3. Interest currency: BTC

　　4. Subscription Time: March 5th 4:00 - March 6th 10:00

　　5. Lockup period: 6 days

　　6. Interest calculation start time: 8:00 on March 11th, UTC time

　　7. Settlement Time: 8:00 on March 11th, UTC time

　　8. Observation price: refer to the underlying asset settlement price on Deribit

　　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 3% APR. If prices always stay within the price range, the return rate will be determined according to where the underlying asset settlement price falls on Deribit at 8:00 on Mar 11th UTC.

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　　Gate.io Team

　　March 4