Ethereum (ETH) Staking

Gate cooperates with multiple ETH DeFi projects to bring superimposed rewards to users who participate in ETH Staking. The rewards obtained will be converted into ETH, and their value grows over time as the conversion rate adjusts.

The conversion rate in ETH Staking is not fixed and updates every cycle (typically 2 to 3 days) according to the on-chain reward dynamics. The conversion rate during a cycle will remain unchanged. To take advantage of the latest rate, you may redeem after the next cycle starts.

GTETH is a ETH staking certificate that accrues returns and can be converted to the corresponding amount of ETH at any time. Therefore, its intrinsic value always equals the value of the ETH it can be converted into. GTETH is minted by staking ETH. For every ETH staked, a corresponding amount of GTETH will be minted according to the conversion rate. Upon redemption, GTETH will be burned and the corresponding ETH will be unlocked. The amount being redeemed will stop generating returns. Both the minting and redemption processes are carried out through security-audited smart contracts, ensuring security, transparency, and on-chain verifiability.

Yes. Whether purchased or through staking GTETH generates the same amount of rewards and can be converted into ETH based on the same conversion rate.

After staking ETH on the Staking page, the ETH balance in your Spot or Trading Account will decrease while the GTETH balance in that account will increase.

GTETH is a wrapped token introduced by Gate, offering seamless minting and redemption with fully transparent reserves. By wrapping your ETH into GTETH, you can explore diverse on-chain opportunities and unlock ETH's untapped potential. GTETH is also one of the key components of Gate Layer.