Gate.io HODL & Earn Decentralized USD (USDD) #1: Flexible Staking
2022-09-16 08:35:44 UTC
48625 Lido
Gate.io HODL ＆ Earn USDD #1 will be available at Gate.io's “HODL & Earn” under the flexible-term section. The interest rate is variable and the investment term is 28 days. Investors can subscribe to the product with no lock-up.
What? Flexible Staking & Earn USDD #1
When? 9:00 UTC, September 18th
Who? All gate.io users (KYC approved)
Start earning now at https://www.gate.io/hodl/1425
And join our Gate.io "HODL & Earn" Telegram Group
And join our Gate.io "HODL & Earn" Telegram Group
Rules of Flexible Staking & Earn USDD #1:
1) Subscribe directly, no need to lock up the token
2) Start Position: 1 USDD
3) Estimated annualized return is about 50%
4) Interest is calculated based on the 7-day average amount of token in position (excluding borrowed positions).
Decentralized USD (USDD) Project
The USDD protocol will be pegged to the USD - the most widely applied fiat currency in the world - to establish a stable, decentralized, and tamper-proof USDD-USD system.It will have a built-in incentive mechanism and a responsive monetary policy, which will allow USDD to self-stabilize against any price fluctuations, and help consolidate the value of USDD as a true settlement currency. Also, a decentralized currency protocol with a stable price will expand use cases for cryptocurrency, making it truly accessible with far-reaching implications for the blockchain space and the real economy.
Important notice:
Locking your asset for a certain period of time is required. Your asset and interest will not be available until the end of the lockup term. You are unable to unlock and trade during that period of time, even if there are price fluctuations on the market. The interest received may not be sufficient enough to cover the losses caused by the price change. Please fully understand the risks.
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Gate.io Team
September 16th,2022
