Gate opened a USD1 savings campaign at 00:00 on July 29 (UTC+8), according to an official announcement cited by Odaily. During the event, users can earn rewards by holding USD1 in their asset accounts, with a minimum holding requirement of 1 USD1 and a maximum advertised annualized yield of 8%.
The platform said rewards will be distributed daily in WLFI to eligible users. The campaign’s annualized return is not fixed and will be adjusted each day based on the remaining reward budget and the platform’s total effective USD1 holdings. Updated rates are scheduled to be published at around 14:00 (UTC+8) every day.
Gate also noted that the reference annualized yield for on-chain staking of USD1 is currently 6.89%, giving users another yield option alongside the platform-based product.
Gate started a USD1 yield campaign at 00:00 on July 29 (UTC+8), according to an official announcement cited by Odaily.
During the event, users can participate by holding USD1 in their asset accounts. The minimum holding requirement is 1 USD1, and the product offers up to 8% APR. Rewards will be distributed daily in WLFI to eligible users.
Gate said the campaign’s annualized yield will be adjusted on a daily basis according to the remaining reward budget and the platform’s total effective USD1 holdings. The rate will be updated at around 14:00 (UTC+8) each day.
In addition, the reference annualized yield for USD1 on-chain staking is currently 6.89%, offering users another income option.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
