Gate.io Bearish SharkFin Hit The Price Range: The Final Annualized Yield is 15.46%!
Bearish SharkFin has been a popular product of Gate.io, and the latest one hit the range! Participants can earn up to 15.46%!
Gate.io launched “Bearish Sharkfin_BTC_20220820” and “Bearish Sharkfin_USDT_20220820” on August 19th on the structured products page. During the observation period, the BTC price always stayed within the per-specified price range [$19000 – $22000] and hit the high-yield range. Users who have successfully participated in these two products can get a high annualized income of 15.46% at settlement!
How to calculate the hit-range yield:
=1%+(22000-Settlement price at the expiration)/(22000-19000)*(25.00%-1.00%)
*Gate.io Structured Products Observation Mechanism:
It is a mechanism to observe whether the observation prices have knocked out the price range during the specified period or not. However, the mechanism is inapplicable to the price fluctuations during the non-observation period. That’s to say, even if the prices have knocked out the price range during the non-observation period, we regard it as the situation of failing to knock out the price range. The price observation mechanism offers users a greater chance to obtain high returns. (The knock-out range means the price goes beyond the upper price or falls below the lower price.)
A high yield can be obtained since the prices knocked out the price range while they were not in the observation period.
View more on Structured Financial Products
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August 29th, 2022