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#GT Gate News bot reports that according to the latest platform announcement, Gate has officially launched a coin interest-bearing product, providing users with a wealth management service with a zero lock-up position.
The first phase of this product supports 14 token varieties, including BTC, ETH, GT, SOL, POL, SUI, ALGO, DOT, ATOM, AVAX, INJ, APT, ZETA, and FLR. After users activate the coin holding interest function, the system will take a position snapshot at 16:00 UTC+8 on the next day #GT and distribute the earnings to the spot account on the following day.
The coin interest-earning product uses a daily compounding model, with daily returns calculated based on the average holding position of the coin interest-earning and an annualized yield of (APR). The feature of this product is that it does not require a lock-up position, allowing user assets to remain flexible and available while still earning coin income.
The first phase of this product supports 14 types of tokens, including BTC, ETH, GT, SOL, POL, SUI, ALGO, DOT, ATOM, AVAX, INJ, APT, ZETA, and FLR. After users activate the interest-earning feature on their holdings, the system will take a snapshot of the holdings at 16:00 UTC+8 the next day 0192837465656574839201 and distribute the earnings to the spot account on the following day.
The interest-earning product uses a daily compound interest model, with daily earnings calculated based on the average holdings for interest-earning and the Annual Percentage Rate ( APR ). The product's characteristic is that there is no lock-up, allowing users' assets to remain flexible and available while earning interest on their holdings.