Gate ETH Staking Product Upgrade Announcement

Gate will upgrade its ETH staking product to improve the user experience. The upgrade is expected to finish on November 11, 2026, at 10:00 (UTC). The changes are outlined below:

1. Conversion Rate Changes

• The fixed conversion rate (ETH: GTETH = 1:1) will change to a floating rate. The initial rate will remain 1:1.
• The ETH-to-GTETH conversion rate will be updated once a day. Staking and redemptions are expected to pause for approximately 30 minutes during each update. A notice will appear on the product page.

2. Earnings Settlement Changes

• Starting November 12, 2026, base earnings will no longer be distributed daily.
• Base earnings will be settled when you redeem ETH. Your principal and earnings will be paid together, using the conversion rate at the time of redemption.
• Earnings = ETH received on redemption − staked principal
• Additional rewards are unaffected and will continue to be distributed daily under the existing rules.

3. Expanded GTETH Features

• After the upgrade, GTETH deposits, withdrawals, and transfers will be enabled gradually. Check future announcements or the product page for availability dates.

During the upgrade, new ETH staking subscriptions are expected to pause for approximately 30 minutes. Redemptions will remain available. After the upgrade, staking and redemptions will pause briefly during each daily conversion rate update.
If you have questions, contact customer support. Thank you for your understanding and support.

Gate Team
November 9, 2026

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