Gate.io launched the first Shark Fin 2.0 products phase which are available for subscription starting 4:00 on February 15th to 15:00 on February 15th UTC, with an annualized yield of 3%~18%. The total position reaches 2,000,000 USDT, the lock-up period is 7 days, and the price range is $41,000 - $46,000.

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

　　Participate in the first Shark Fin 2.0 products phase: https://www.gate.io/structured_financial/sharkFin2/2

　　How does the 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 earn a higher annualized income of 18%.

　　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 3%.

　　Specifications of the SharkFin2.0_USDT_20220215 Product

　　1. Lockup currency: USDT

　　2. Return: floating interest rate, ranging from 3%-18% APR

　　3. Interest currency: USDT

　　4. Subscription Time: February 15th 4:00 - February 15th 15:00 (UTC time)

　　5. Lockup period: 7 days

　　6. Interest calculation start time: 8:00 on February 15th, UTC time

　　7. Settlement Time: 8:00 on February 22nd, UTC time

　　8. Observation period: 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 3% 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 Deribit at 8:00 on Feb 22nd UTC.

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　　Gate.io Team

　　February 14