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Gate launches spot coin staking service, initially supporting yields for BTC and 13 other tokens.
According to Gate News bot, the latest platform announcement states that Gate has officially launched a coin interest-earning product, providing users with a wealth management service with a zero lock-up position period.
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 feature, the system will take a position snapshot at 16:00 ( UTC+8 on the following day, and the earnings will be distributed to the spot account the next day.
The coin interest-bearing product adopts a daily compound interest model, with daily returns calculated based on the average holding position and annualized yield )APR(. The characteristic of this product is that it does not require a lock-up position, allowing users' assets to remain flexible and available while still earning coin interest.