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Gate. io celebrates the first time BTC SharkFin's stayed within the ideal range , allowing for a “double” APY Up to 17.73%

2021-04-10 13:08:54Read:24500

The “Gate.io Weekly BTC Sharkfin Product #10" launched at 12:00 on April 3rd. During the observation period, the price of BTC has always been in the range of [$55,000-$62,000], hitting the high-yield area. The settlement price of this Sharkfin product is $57935.5. Congratulations to participating users who can get 8.45% annualized BTC revenue in 6 days.

To celebrate the first time SharkFin product has hit the high yield area, Gate. io is offering a double BTC interest reward to participating users at an annualized rate of 17.73% for a total interest benefit of over $50,000. The interest has been paid to user accounts. Users can go to “Billing Details” to view the rewards they have received.


Gate.io Weekly BTC Sharkfin Product #10 Revenue Calculation:

The settlement price: $57935.5
The original settlement annualized =3%+ (57935.5-55000)/(62000-55000) * (16%-3%) =8.45%
Participating users that qualify for 8.45%*2=17.73% (more than 2X)
Details: https://www.gateio.ch/cn/article/20111

Gate.io HODL& Earn launched its 11th shark fin structured product“Shark Fin BTC 6-Day No.11” on April 10th, at 4:00 AM UTC, with an estimated return of 3%-16% P.A. The total lock-up amount is capped at 300 BTC, with a lock-up period of 6 days. The shark fin product is principal protected. Participate via https://www.gate.io/hodl/476


What is a Shark Fin Product?
Gate.io Shark Fin is a capital protected investment product. If the underlying asset price is within the pre-specified range, the investor will get a higher yield. Otherwise, the investors will get a minimum return (about 3% APR).


Gate.io is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support.

Gate.io Team
April 10, 2021

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