Announcements Gate.io to Delist Yield Protocol (YIELD)

Gate.io to Delist Yield Protocol (YIELD)

2025-01-07 02:33:57 UTC 21684 Read

[//]:content-type-MARKDOWN-DONOT-DELETE
<a href="https://www.gate.io/" target="_blank" title="Gate.io">Gate.io</a> has conducted a thorough reevaluation of Yield Protocol (YIELD) and determined that it no longer meets our platform's trading criteria. As a result, <a href="https://www.gate.io/" target="_blank" title="Gate.io ">Gate.io </a>will delist it from our trading market, including YIELD_USDT and YIELD_ETH spot trading pairs, quant grid trading, Simple Earn, and margin trading. However, withdrawal services for this token will continue to be provided for one month.

**Details:**
1) Gate.io has suspended the deposit services for Yield Protocol (YIELD).
2) Gate.io will disable new margin borrowing and crypto loan services for Yield Protocol (YIELD) before January 8, 2025, 08:00 UTC. 
3) Gate.io will suspend the trading services for Yield Protocol (YIELD), including YIELD_USDT and YIELD_ETH spot trading pairs, quant grid trading, Simple Earn, and margin trading, starting from January 14, 2025, 06:00 UTC. 
4) Users with ongoing quant grid trading of Yield Protocol (YIELD) should adjust your trading strategies beforehand. Otherwise, the trades will be terminated automatically before January 14, 2025, 06:00 UTC.
5)  Users with assets in Simple Earn may manually redeem them in advance. Otherwise, the assets will be liquidated before January 14, 2025, 06:00 UTC.
6) Users with outstanding Yield Protocol (YIELD) loans in the margin trading market should repay the loans in advance. Otherwise, the loan will be settled automatically before January 14, 2025, 06:00 UTC.
7) Users unwilling to participate in our buyback after the delisting are advised to withdraw your Yield Protocol (YIELD) holdings as soon as possible to avoid potential losses.
8) Users holding Yield Protocol (YIELD) on Gate.io after January 27, 2025 can apply for our buyback by filling out a form. <a href="https://www.gate.io/" target="_blank" title="Gate.io">Gate.io</a> will buy back Yield Protocol (YIELD) at a price of 0.0002078 USDT, with a maximum buyback limit of 100 USDT per user.

To participate in the buyback, users must fill out the provided form between January 27, 2025, 16:00 UTC and February 3, 2025, 16:00 UTC.

Form Link: <a href="https://www.gate.io/questionnaire/5904" target="_blank" title="">https://www.gate.io/questionnaire/5904</a>

Withdraw Yield Protocol (YIELD): <a href="https://www.gate.io/myaccount/withdraw/YIELD" target="_blank" title="">https://www.gate.io/myaccount/withdraw/YIELD</a>

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Gate.io Team
January 7th, 2025

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