Gate Crypto Loan Supports SOL2 as Collateral

Gate Crypto Loan introduces an innovative integration with SOL Staking, allowing you to use SOL2 tokens as collateral for borrowing, thus enabling a cycle of borrowing and staking that maximizes your staking rewards.

How to participate:

1. Convert to SOL2: Participate in Gate SOL Staking by staking your SOL to receive SOL2 tokens at a 1:1 ratio.
Click to participate: https://www.gate.com/staking/SOL

2. Borrow SOL with SOL2 as Collateral: Use the SOL2 tokens you obtained as collateral to borrow SOL through Crypto Loan.
Click to participate: https://www.gate.com/cryptoloan
How to borrow: Search for SOL > Click on Borrow > Select the loan type, enter the loan amount, and choose SOL2 as collateral > Confirm the loan order

3. Reinvest Borrowed SOL in Staking: Use the borrowed SOL to continue participating in SOL Staking, earning more SOL2 tokens and staking rewards.

Repeat the above process until SOL2 tokens are insufficient to borrow more SOL, thereby magnifying the staking principal to obtain more rewards.

Notes:
(1) When enabling ‘Simple Earn Funds Serve as Crypto Loan Collateral’, SOL2 is not allowed as collateral.
(2) Users should be fully aware of the risks of price fluctuations of digital assets when using Crypto Loan. Please exercise caution and manage risks.
(3) Users in the UK and other Restricted Locations cannot access this service (please see the User Agreement).

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Gate Team
January 13th, 2025