Gate Launches USD1 Yield Product Offering Up to 8% Annualized Return
JOON HYOUNG LEE
Summary
- Global cryptocurrency exchange Gate has launched a yield product based on the dollar stablecoin USD1, offering annualized returns of up to 8%.
- The product requires a minimum holding of 1 USD1, and interest rewards are paid daily in World Liberty Financial tokens to eligible users.
- The annualized yield changes daily depending on the remaining reward budget and the amount of eligible USD1 holdings on Gate.
Forecast Trend Report by Period
Global cryptocurrency exchange Gate has launched a yield product based on the dollar stablecoin USD1, offering an annualized return of up to 8%.
Odaily reported on July 29 that Gate introduced the USD1-based product that day. USD1 is a dollar stablecoin issued by World Liberty Financial, or WLFI.
The minimum holding requirement is one USD1 token. Annualized returns can reach as high as 8%. Interest rewards are paid daily in World Liberty Financial tokens to eligible users.
The annualized yield fluctuates daily depending on the remaining reward budget and the amount of eligible USD1 held on Gate.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul