Gate.io has expanded its Crypto Loan service to include ETH2 as eligible collateral. Users who participate in Gate.io ETH2.0 Staking will get ETH2 tokens while earning staking rewards. With Crypto Loan, you can borrow ETH using ETH2 tokens as collateral, then reinvest the borrowed ETH in ETH2.0 Staking to get returns and ETH2 tokens again. And so on, repeat this process to enjoy up to 13% staking rewards!
How to participate:
1. Convert to ETH2: ETH2 token is a certificate for participating in Gate.io ETH2.0 Staking. Once you participate, you can get both staking rewards and ETH2 tokens. Click to participate
2. Borrow ETH with ETH2 as Collateral: Users use ETH2 tokens as collateral to borrow ETH via Crypto Loan service. Click to participate
3. Reinvest Borrowed ETH in ETH2.0 Staking: Users reinvest the borrowed ETH in ETH2.0 Staking to continuously earn staking rewards and ETH2 tokens.
Repeat the above process until ETH2 tokens are insufficient to borrow more ETH, thereby magnifying the staking principal to obtain more rewards. Ignoring interest and related fees, users will earn up to 13% staking rewards!
Note: Users should be fully aware of the risks of price fluctuations of digital assets when using Crypto Loan. Please exercise caution and manage risks. Users in the UK and other Restricted Locations cannot access this service (please see the User Agreement “Section 2.3(d) Restricted Locations”).
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