Announcements Gate.io Crypto Loan Will Upgrade Collateral Mode

Gate.io Crypto Loan Will Upgrade Collateral Mode

2024-07-23 08:54:17 UTC 64935 Read

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Dear Gate.io users,

In order to simplify the loan process and improve your loan experience, Gate.io Crypto Loan service will upgrade collateral mode on **July 29, 2024**. After the upgrade, you will be able to choose to use a single or multiple cryptocurrencies as collateral, allowing for flexible fund allocation.

**Note:** After the upgrade, users can still view single-collateral loan orders, adjust collateral and make repayments through [**[Crypto Loan > My Loans > Flexible > Single-Collateral](https://www.gate.io/cryptoloan/my-loans "Crypto Loan > My Loans > Flexible > Single-Collateral")**].

**Highlights of Multi-Collateral Loan:**
(1)** Support using single or multiple cryptocurrencies as collateral**, providing more flexible collateral options.
(2) **Support borrowing funds again on existing positions**, enhancing your capital efficiency.
(3) **Support borrowing multiple cryptocurrencies in the same position**, reducing your position management costs.
(4) **Support tiered liquidation mechanism** to better protect your positions.
(5) **Support using Simple Earn funds as collateral**, allowing your assets to earn interest on Simple Earn while also serving as crypto loan collateral.

We are committed to providing you with superior service and experience. If you have any loan inquiries, please feel free to contact **[the loan manager](https://t.me/gatematt "the loan manager")**. Thank you for your understanding and support!

<sp>
Gateway to Crypto
Trade over 1,700 cryptocurrencies safely, quickly, and easily on Gate.io

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Gate.io Team
July 23rd, 2024

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