Back

Gate Platform Reaches 167,200 ETH Staked with 9.70% Annual Yield

Gate’s ETH staking product hits a new milestone with a 9.70% annual yield, alongside a diverse range of coins offering competitive staking rewards.

BTC
ETH
USDT

Summary

Gate.io has announced that its ETH staking product has reached 167,200 ETH staked, offering a 9.70% annual yield. Users can instantly redeem their GTETH tokens. Other staking options include BTC (10%), SOL (16%), GUSD (3.50%), and USDT (3.92%).

Terms & Concepts
  • Staking: Locking cryptocurrency in a platform to earn rewards or yield over time.
  • GTETH: A token received in exchange for staked Ethereum (ETH) on Gate.io, which can be redeemed instantly.
  • Redemption: The process of withdrawing staked assets back to the user’s wallet or account.