Solana (SOL) Staking

Gate cooperates with multiple SOL DeFi projects to bring superimposed rewards to users who participate in SOL Staking. The rewards obtained will be converted into SOL, and their value grows over time as the conversion rate adjusts.

The conversion rate in SOL Staking is not fixed and updates every cycle (typically 2 to 3 days) according to the on-chain reward dynamics. The conversion rate during a cycle will remain unchanged. To take advantage of the latest rate, you may redeem after the next cycle starts.

GTSOL is a SOL staking certificate that accumulates return and can be converted to a corresponding amount of SOL at any time. Therefore, its intrinsic value is always equal to the value of convertible SOL. GTSOL is minted by staking SOL. For every SOL staked, a corresponding amount of GTSOL will be minted according to the conversion rate. Upon redemption, GTSOL will be destroyed and the corresponding SOL will be unlocked. Completed through smart contracts that have undergone security audits, both the minting and redemption processes are safe, transparent and traceable on the chain.

Yes. Whether purchased or through staking GTSOL generates the same amount of rewards and can be converted into SOL based on the same conversion rate.

After staking SOL on the Staking page, the SOL balance in your [Unified Account] / [Spot Account] will decrease while the GTSOL balance in that account will increase.