1. What is Shark Fin?
Shark Fin is a low-risk structured product that provides returns to users regardless of whether the price of the underlying asset on the settlement date is within, above, or equal to the predetermined price range. At maturity, if the price falls within your expected range, you will enjoy a higher annualized return. If the price does not fall within your expected range, you will still receive the basic annualized return.
2. How does Shark Fin work?
The returns of Shark Fin are divided into two parts: base return and volatility return, with the volatility return determined by the future prices of the underlying assets (such as BTC and ETH).
3. Will my principal be affected by market fluctuations?
Regardless of market fluctuations, your principal is fully protected and not affected.
4. How can I subscribe? Can I subscribe to multiple varieties simultaneously?
You can subscribe at any time during the subscription period through your Earn Account. Within the subscription limit, you can subscribe to multiple varieties of both bullish and bearish BTC and ETH.
5. When will the principal and returns be returned?
After the product is settled on the maturity date, your principal and returns will be transferred to your Earn Account after settlement.
6. Can I apply for early redemption?
You can redeem once before the subscription deadline. Early redemption is not supported after the subscription deadline, and you will receive your principal back after the product matures.
7. How is my return calculated?
Your return will be calculated as follows: Subscription amount × Annualized return rate × Term / 365 = Return For example, if your subscription amount is 10,000 USDT, the annualized return rate is 5%, and the product term is 7 days, your return will be calculated as follows: 10,000 × 5% × 7/365 = 9.5890 USDT
8. When will the annualized return rate be confirmed?
The annualized return rate will be confirmed around 16:00 (UTC+8) on the maturity date, and your principal and returns will be transferred to your Earn Account around 16:30 (UTC+8) on the maturity date.