Why is the Est. APR changing and how is it calculated?
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The Est. APR is dynamically changing on a daily basis along with on-chain staked principal and returns. In order to ensure the sustainability of the product, 6% of the staking reward will be charged as a service fee. The staking reward will be released on D+1 after staking.
How is my return calculated?
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After staking ETH, return will be released in the form of GTETH based on the amount of staked ETH.
The Est. Daily APR is calculated based on the total amount of GTETH reward earned by Gate validators on the Ethereum network and is subject to daily market fluctuations.
GTETH Return = GTETH Holding Amount × Daily APR / 365 × (1 - Service Fee × (1 - Discount))
How can I enjoy a discount on the service fee?
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After becoming a VIP5 user, you can enjoy a discount on the service fee. The higher the tier, the greater the discount and the lower the rates. (Note: Institutional users are not eligible for service fee discounts.)
VIP 5-7: 20% discount
VIP 8-11: 40% discount
VIP 12-14: 60% discount
How long does it take to receive rewards after staking?
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If you stake on day D, interest will be paid on D + 1.
Can I redeem my GTETH return at any time?
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You can redeem your GTETH return at any time and ETH will be credited to your account immediately.
Can I cancel a staking or redemption order after submission?
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No. The order cannot be canceled. But you can stake or redeem your ETH again through ETH Staking at any time.