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Gate.io Upgrades Margin Trading and Lending/Borrowing System to Enhance Interest Settlement

2019-10-23 15:48:10Read:53885

To facilitate more precise interest settlement and to increase the liquidity of margin lending and borrowing, Gate.io upgraded the interest settlement that supports hourly settled interests, decreasing the trading cost of the borrowers on July 3, 2019. Earlier, the interests generated from Gate.io Margin Trading and Lending/Borrowing were settled daily.
However, some users suggested that the shorter borrowing period resulted in re-queuing for the lenders, which might undercut the motivation for lenders to offer their assets for lending. This could also affect the cost of the borrowers.
Therefore, to balance both parties’ interests, Gate.io will upgrade the Margin Trading and Lending/Borrowing on UTC 10:00, October 23. After the upgrade, the interest will be settled every 4 hours. If the borrowing/lending period is less than 4 hours, the interest will be calculated for 4 hours and if the period crosses 4 hours, subsequent interest will be calculated hourly, providing a fairer lending environment, lowering the borrowing cost, and increasing the liquidity of the loans.
Gate.io Lending and Borrowing markets provide users with a platform to borrow or lend from each other. It does not provide direct funds to the users.
Currently, there is a huge demand for several crypto currencies. As a result, the annual interest rates of USDT and others have soared from 20% to 40%. When the market witnesses such huge volatilities, the interest rates could reach 72%. Hence, if you would like to earn a stable profit, you can place a lending order through the following markets.

Place lending order via Web (USDT Lending):https://www.gate.io/margin/lend/USDT

Mobile users please go to “My Wallet” – “Margin Account” to place lending orders.
Download Mobile App:
https://www.gate.io/mobileapp

Mobile users can place lending orders via “My Wallet” – “Spot Account” by choosing the assets you would like to lend. Please note that the lending funds might miss the selling opportunities. Please be aware of the market risks and place orders cautiously.

Gate.io is a trading platform that does not charge listing fee, only launches quality projects, and provides users with a 100% guarantee and instant deposit-withdrawal services.
Get 30% trading fee in the affiliate program at https://www.gate.io/myaccount/myreferrals

Gate.io New Features:
Spot Trading on Gate.io (200+ tokens):https://www.gate.io/trade/BTC_USDT
Margin Trading on Gate.io (Long or Short):https://www.gate.io/margin_trade/BTC_USDT
Perpetual Contract Trading:https://www.gate.io/futures_trade/BTC_USD
Lending on Gate.io (secure and stable, high annual return):https://www.gate.io/margin/lend/USDT
C2C Trading on Gate.io:https://www.gate.io/c2c/usdt_cny
Download Gate.io APP:https://www.gate.io/mobileapp
Download Wallet.io (ALL in ONE):https://www.wallet.io/

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Gate.io
October 23, 2019


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