GT Staking FAQ | Gate

2024-09-06 09:51 (UTC)
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1. Why does the reference APR fluctuate, and how is it determined?

The reference APR for GT staking varies daily, reflecting the dynamic changes in on-chain staking principal and earnings. To maintain the product's sustainability, a 5% fee will be deducted from the earnings, which will be distributed on the following day (D+1) after staking.

2. How are my earnings calculated?

When you stake GT, your earnings will be paid out in GT2. The amount of GT2 you receive depends on the quantity of GT you stake. The daily reference APR is determined by the total GT2 rewards earned by all Gate validators on the Gatechain blockchain and is subject to daily market fluctuations.
GT2 Earnings = GT2 Holdings × Daily APR / 365 × (1 - Fee)

3. When can I receive my earnings after staking?

If you start staking on day D, you'll begin to receive earnings on the day (D+1).

4. Can I redeem my GT2 earnings at any time?

Yes, you can redeem your GT2 earnings at any time, and the GT will be credited to your account immediately after you initiate the redemption request.

5. How about the security of GT2?

GT2 is secure and reliable. You can always redeem GT2 for GT on the GT Staking page.

6. Is identity verification required for GT Staking?

Yes, as with other Gate financial products, you must complete identity verification before you can participate in GT liquidity staking.

7. Can I use my sub-account for GT liquidity staking?

Yes, you can participate in GT liquidity staking with your sub-account.

8. Can I cancel my stake or redeem my assets after submitting an order?

No, once the order is submitted, it cannot be cancelled. However, you can always stake or redeem your GT again via GT mining at any time.

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.

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