Question 1

What is NVDAG?

Accepted Answer

NVDAG is a tokenized security product in Gate gStocks with NVIDIA Corporation (ticker: NVDA) as its underlying asset. Each circulating NVDAG corresponds to a reserve of 1 actual NVDA share in the custody system, so it is not merely a synthetic asset or contract for difference that tracks the price. However, NVDAG is not equivalent to NVDA common stock directly registered and held by the user. Users hold tokenized product units in their Gate accounts, and the related economic rights are realized through the product's rules and settlement process; a 1:1 reserve alone does not establish that users receive exactly the same rights as direct shareholders.

Question 2

What does NVDAG's 1:1 actual-share reserve mean?

Accepted Answer

A 1:1 reserve means that every circulating NVDAG is backed by 1 actual NVDA share held by the custody system. When the underlying company distributes a cash dividend, the dividend generated by the reserve shares is first collected by the custody system; this is the basis on which NVDAG can settle dividends. This correspondence indicates that the product holds real underlying-asset reserves; it does not directly allocate the custodial shares to each user. Whether users can receive dividends and how they are credited are still determined by Gate gStocks' snapshot, eligibility, and settlement rules.

Question 3

How do NVDAG holders receive settlement when NVDA distributes dividends?

Accepted Answer

After NVDA declares and distributes a cash dividend, dividends corresponding to the reserve shares are collected by the custody system, and Gate automatically settles the USDT equivalent to eligible users holding the relevant gStocks during the snapshot window, without users needing to claim it manually. The dividend comes from the economic rights of the underlying actual shares, rather than revenue additionally created by the platform. Eligibility is based on the net position at the time of the snapshot, with a threshold of at least US$0.01; the net-position calculation may cover spot, isolated margin, unified account borrowing, and Earn positions. Therefore, participation in a particular distribution depends on the eligible net position at the time of the snapshot, rather than only whether the user still holds the product afterward.

Question 4

How is NVDAG's dividend amount calculated?

Accepted Answer

The actual credited amount is calculated jointly from the quantity held at the snapshot, NVDA's cash dividend per share, and withholding tax: actual credited amount = quantity held × dividend per share × (1 − withholding tax rate). The withholding tax rate in this product description is 10%, so under this basis, the after-tax factor is 90%. For example, if the dividend per share is US$0.25 and 1,000 NVDAG are held at the snapshot, under the above 10% withholding-tax assumption, the result is 1,000 × 0.25 × 90% = 225 USDT equivalent. This example only illustrates the calculation basis; the actual crediting time may be later than the underlying company's dividend payment date, because custody processing, taxes, upstream brokers, and clearing processes all affect settlement timing.

Question 5

What is the difference between NVDAG and directly holding NVDA stock?

Accepted Answer

NVDAG is connected to directly holding NVDA in that the former uses actual NVDA shares as reserves and can pass through the corresponding economic rights under its product mechanism when the underlying company distributes cash dividends. The difference is that NVDAG positions, eligibility confirmation, and dividends are handled through Gate's product account and USDT-equivalent settlement. NVDAG holders are generally not registered shareholders of the underlying company, so the exercise of voting rights and other shareholder rights differs structurally from registered shareholdings in traditional securities accounts. Whether a specific right exists should be determined by the product rules' express provisions.

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