Gate.io HODL & Earn Launches DAI PoS & Earn, Annual Interest Rate 4.00%
The DAI PoS Mining & Earn is launched on Gate.io HODL & Earn. The annual interest rate is 4.00%, which will be adjusted based on the amount of token mined. Web Users can use the link to purchase - https://www.gate.io/hodl/37, while app users can use HODL & Earn.
The participation rules are stated below.
1) To take part in PoS & Earn, users need to register themselves. However, token lock-up is not required
2) There is no handling fee being charged by Gate.io
3) The annual interest rate is around 4%, which will be adjusted based on the number of tokens mined
4) The interest will be calculated based on the average amount of tokens in position over a 14-day period, excluding the borrowed tokens
5) The interest will be distributed every 14 days
6) To continue to participate in the program, users need to operate manually
# Introduction to DAI
Maker is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token — the Dai — against the U.S. Dollar. Dai, a decentralized stablecoin, allows anyone, anywhere the freedom to choose a money they can place their confidence in. A money that maintains its purchasing power.
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January 9,2019