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Gate. io 33rd BTC SharkFin's Stayed Within the Ideal Range, Locked 6 Days Interest Rate up to 14.83% Announcement

2021-09-17 11:05:45Read:31531

The “Gate.io Weekly BTC Sharkfin Product #33" launched on September 11st, 4:00 am UTC. During the observation period, the price of BTC has always been in the range of [$41,500-$48,500], hitting the high-yield area. The settlement price of this Sharkfin product is $47,867.53. Congratulations to participating users who can get 14.83% annualized BTC revenue in 6 days, and the total interest benefit exceeded $34,800.

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 #33 Revenue Calculation:
The settlement price: $47867.53
The settlement annualized = 3%+(47867.53-41500)/(48500-41500)*(16%-3%)=14.83%
Details: https://www.gate.io/en/article/22502

Every Saturday at 12 noon, Gate.io HODL& Earn will launch a new issue of its BTC SharkFin product. The 34th phase of SharkFin structured product will be launched next Saturday (18 September) 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.
Participate via https://www.gate.io/hodl/767

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).

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Gate.io Team

September 17th, 2021

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