Gate to Delist Yield Protocol (YIELD)

Gate has conducted a thorough reevaluation of Yield Protocol (YIELD) and determined that it no longer meets our platform's trading criteria. As a result, Gate will delist it from our trading market, including YIELD_USDT and YIELD_ETH spot trading pairs, quant grid trading, Simple Earn, and margin trading. However, withdrawal services for this token will continue to be provided for one month.

Details:

1. Gate has suspended the deposit services for Yield Protocol (YIELD).
2. Gate will disable new margin borrowing and crypto loan services for Yield Protocol (YIELD) before January 8, 2025, 08:00 UTC.
3. Gate will suspend the trading services for Yield Protocol (YIELD), including YIELD_USDT and YIELD_ETH spot trading pairs, quant grid trading, Simple Earn, and margin trading, starting from January 14, 2025, 06:00 UTC.
4. Users with ongoing quant grid trading of Yield Protocol (YIELD) should adjust your trading strategies beforehand. Otherwise, the trades will be terminated automatically before January 14, 2025, 06:00 UTC.
5. Users with assets in Simple Earn may manually redeem them in advance. Otherwise, the assets will be liquidated before January 14, 2025, 06:00 UTC.
6. Users with outstanding Yield Protocol (YIELD) loans in the margin trading market should repay the loans in advance. Otherwise, the loan will be settled automatically before January 14, 2025, 06:00 UTC.
7. Users unwilling to participate in our buyback after the delisting are advised to withdraw your Yield Protocol (YIELD) holdings as soon as possible to avoid potential losses.
8. Users holding Yield Protocol (YIELD) on Gate after January 27, 2025 can apply for our buyback by filling out a form. Gate will buy back Yield Protocol (YIELD) at a price of 0.0002078 USDT, with a maximum buyback limit of 100 USDT per user.

To participate in the buyback, users must fill out the provided form between January 27, 2025, 16:00 UTC and February 3, 2025, 16:00 UTC.

Form Link: https://www.gate.com/questionnaire/5904

Withdraw Yield Protocol (YIELD): https://www.gate.com/myaccount/withdraw/YIELD

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Gate Team
January 7th, 2025