The Lock ＆ Earn SOMM will be launched at the "Lock & Earn" of Gate HODL & Earn at 2023-4-6 8:00 UTC. Its interest rate is 150% APR and the investment term is 14 days.
How to subscribe:
App: Click Markets>Hodl & Earn>Lock & Earn
Earn Now: https://www.gate.com/hodl/1711
Join the GateEarn Telegram Group to learn more.
Rules of Lock-up ＆ Earn SOMM (14 days)
1.Start Position: 30 SOMM
2.Maximum Position: 3,580 SOMM
3.Start Time: 2023-4-6 8:00 UTC
*The principal and interest will be distributed when the lock-up period ends
Sommelier (SOMM)
Sommelier is a decentralized asset management protocol that enables dynamic, automated DeFi vaults. Vaults can do portfolio management, trade long or short, borrow and lend, or even farm. By harnessing the power of off-chain computation, Sommelier vaults can adapt to changing market conditions, which allows them to be more effective than the static vaults typically seen in DeFi. All vaults on the Sommelier platform are enabled by audited smart contracts and controlled by protocol governance.
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Gate Team
April 4th, 2023
Disclaimer
The content provided herein is for reference and educational purposes only and does not constitute any financial, investment, trading, or legal advice, nor does it constitute an offer or solicitation to buy or sell any digital assets. Gate makes no express or implied representations or warranties regarding the accuracy, completeness, or timeliness of the information contained herein. Product features, interfaces, rules, and fee structures may be updated or adjusted at any time. Please refer to the latest announcements and the actual information displayed on the Gate platform for the most accurate details.
Digital asset investments involve significant risk, and prices may fluctuate substantially. You may lose the entire amount of your investment. Please make decisions cautiously based on your own financial situation and risk tolerance after fully understanding the associated risks. If necessary, you are advised to consult an independent professional financial or legal advisor.
For more information about potential risks, please refer to Gate's Risk Disclosure and User Agreement.
