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Gate.io announced that the estimated 20% APR available on USD1 Soft-Staking will decrease to 15% starting June 17 at 16:00 UTC, and users retaining eligible USD1 balances before this time can receive daily rewards without lock-up.
Gate.io announced that its USD1 Soft Staking promotion, which currently offers an estimated 20% annual percentage rate (APR) on USD1 holdings, will see the APR decrease to 15% starting on June 17 at 16:00 UTC. According to the broker, participants who maintain at least 1 USD1 token in eligible account types before this time will continue to receive daily rewards with no lock-up required, and the rewards are distributed based on average daily balances calculated through hourly snapshots.
To participate in the USD1 Soft Staking promotion on Gate.io, hold at least 1 USD1 token in your eligible account (Unified trading, Spot, Perpetual Futures, Delivery, or Options account) before June 17, 16:00 UTC. No activation is needed and there are no lock-up requirements, but only balances not held in Fixed or Flexible Earn products are eligible. Rewards are distributed daily based on the average USD1 balance. For more information and to register, visit the official sign-up link.
Gate.io is a multifunctional cryptocurrency exchange offering spot, margin, futures, and ETF trading across a wide variety of digital assets, including Bitcoin, Ethereum, Litecoin, and its own GateToken (GT). The platform features cloud mining, a lending and borrowing system, an interactive educational system for newcomers, customizable trading strategies, and analytical resources with live broadcasts. For further details on the broker's features and client services, see the broker profile on Traders Union.
For context, our earlier news about Gate.io highlighted the exchange's significant growth in spot trading volume and its ranking among the global top five exchanges. You can read more details in the previous Gate.io update on Traders Union.