Gate Introduces 4.4% Annual Yield on GUSD with New Minting Reward Mechanism

Gate's GUSD supply surpasses 140 million, with users now able to enjoy enhanced yields of up to 18.91% through Launchpool and earn dual interest benefits across various platforms.

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Summary

Gate has surpassed 140 million in GUSD on-chain supply, providing users with a 4.4% annualized minting yield across spot, Earn accounts, and Launchpool. The platform's Launchpool pools offer up to 18.91% APY, with GUSD backed by the Gate ecosystem, stablecoins, and treasury RWA. The update supports both trading and collateral use with daily yields, ensuring stable returns for GUSD holders.

Terms & Concepts
  • GUSD: A stablecoin pegged to the US dollar, primarily used for trading and investment on the Gate platform.
  • Launchpool: A platform on Gate where users can earn rewards by providing liquidity or staking various assets.