Crypto
Gate.io Unveils ETH Staking Feature with 4% APY
Gate.io has introduced an ETH staking feature that allows users to stake any amount of Ethereum and earn an estimated annual yield of around 4%. The new service offers flexible redemption options, with GTETH, a liquid token representing the staked position, available for immediate withdrawal. When users stake their Ethereum through Gate.io's platform, they receive an equal amount of GTETH.
The rewards are distributed daily in GTETH and can be redeemed at any time for ETH. All GTETH issued is fully backed by ETH held by the platform. The product is available globally except where local restrictions apply.