What are they?
Zero Interest Vouchers are used to deduct interest for users who need to borrow in Margin Trading. There will be different vouchers for corresponding coins. These vouchers will have different denominations, durations of interest-free and time of expiration and they can be applied in both cross and isolated margin trading. User can enjoy all the benefits before the expiration of the vouchers. PS: A voucher can only be used once and cannot be used in combination.
How to get them?
They are benefits distributed by Gate and will be obtained as rewards in some events or campaigns . You might as well keep an eye on this.
What is the interest after using a voucher?
An Interest Voucher will cover the interest within its own denomination and duration of service (Unused part will be invalid) before expiration. If the interest can’t be fully covered, the left part will generate interests. For instance, there is a 1000USDT voucher valid for 10 days, a user uses this voucher to borrow 1500USDT and pays back after 15 days, then the interests he/she needs to pay will be as follows (given that daily interest rate is 0.01%) :
Interests = the interest of the part of loan within the duration of the voucher but beyond the voucher’s denomination +the interest generated after the voucher’s duration = (1500 - 1000) USDT * 0.01% 10days + 1500 USDT * 0.01% * 5days = 0.5 USDT + 0.75 USDT = 1.25 USDT
Gate reserves the final right to interpret the product.
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.
