Announcements Gate.io HODL & Earn: Flexible Staking Sommelier (SOMM)

Gate.io HODL & Earn: Flexible Staking Sommelier (SOMM)

2023-04-23 00:58:24 UTC 13217 Read

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Flexible [Staking & Earn SOMM](https://www.gate.io/hodl/1739 "Staking & Earn SOMM") is enabled on Gate.io Hodl & Earn under the flexible-term section. Its interest rate is variable and the investment term is 28 days. Investors can directly subsbribe to the product with no lock-up.

How to subscribe:
App: Click Markets>Hodl & Earn>Flexible Term>Flexible Staking
Web: https://www.gate.io/hodl/1739
Join us & know more: [[https://t.me/gateio_GateEarn_en](https://t.me/gateio_GateEarn_en "https://t.me/gateio_GateEarn_en")]

**<font size=3>Rules of Flexible Staking & Earn SOMM (28 days)</font>**
 Flexible staking, directly subscribe to it and have no need to lock up the token
1.Start Position: 1 SOMM
2.Annualized yield: Floating Interest Rate
3.Start Time: 2023-4-22 17:00 UTC
4.The interest is calculated based on the 7-day average amount of token in position (excluding borrowed positions).
5.Note: If the interest distribution is completed during the investment period or the total sub_ion amount is unusual, the project may be delisted in advance.

**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.io Team
April  21st, 2023

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