Gate.io will launch a Daily SharkFin under USDT with an annualized yield of 3%~16%. It will be available for subscription starting from 4:00 on April 17th to 4:00 on April 18th UTC. The total position reaches 8,000,000 USDT, the lock-up period is 7 days, and the price range is $37,500 - $41,500. You're welcome to participate!

　　View more details at https://www.gate.io/structured_financial/sharkFin2/67

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　　Now you could stand a chance to win Gate.io SharkFin Contest at Twitter

　　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 16%. 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 USDT SharkFin_20220418 Product

　　1. Lockup currency: USDT

　　2. Return: floating interest rate, ranging from 3%-16% APR

　　3. Interest currency: USDT

　　4. Subscription Time: April 17th 4:00 - April 18th 4:00

　　5. Lockup period: 7 days

　　6. Interest calculation start time: 4:00 on April 18th, UTC time

　　7. Settlement Time: 4:00 on April 25th, 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 4:00 on Apr 25th 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

　　April 15