1. What is Lending & Single-Asset Vault?
The principle of Lending & Single-Asset Vault is similar to borrowing in traditional banks. What's different is that the former is a decentralized liquidity trading pool. Investors should first select a liquidity trading pool to deposit funds into. After the funds are deposited in the liquidity trading pool, the borrower can borrow funds from the liquidity trading pool and needs to pay the principal and a certain handling fee as loan interest when he/she returns the borrowed funds; At that time, investors will not only be able to redeem the principal in the liquidity trading pool but also handling fees.

2. What's the difference between Gate.io Lending & Single-Asset Vault and Liquidity Mining？
Liquidity Mining involves a two-currency trading pool in which users can earn handling fees and incentive bonuses, while Lending & Single-Asset Vault involves a single-currency trading pool where users only earn lending interest and do not bear the risk of impermanent losses.
*Learn more about What is Liquidity Mining and What's Lending & Single-Asset Vault.

3. What are the advantages of Lending & Single-Asset Vault?
a. Safe and reliable
b. Convenient and fast
c. High revenue
d. Wide range of tokens
e. Low transaction costs and no impermanent losses

4. What benefits can users get from Gate.io Lending & Single-Asset Vault?
Users can earn loan interest by depositing tokens to provide liquidity. The liquidity added by users to the pool will be aggregated by the system and lent to borrowers. Users will earn part of the loan interest paid by the borrower according to the proportion of liquidity.

5. How is the rate of return of Lending & Single-Asset Vault determined?
The rate of return of Lending & Single-Asset Vault is calculated by the system according to the recent loan situation of the corresponding currency pool.
Calculation formula: rate of return = income ÷ principal * 100% * corresponding time

6. What are the risks of providing liquidity?
Users of Lending & Single-Asset Vault bear little risks. There is no impermanent loss and no project security risks faced by Defi lending and mining projects.

7. Are there any requirements for adding liquidity?
Each token pool has its own minimum investment amount. Users can click on "Add liquidity" on the page of the specific Lending & Single-Asset Vault token pool.

8. How to add liquidity?
After logging into the Gate.io account, users can click on "Earn" - "Lending & Single-Asset Vault". Users can view the real-time information of each single-currency mining pool on this page including "Remaining Liquidity", "Current Lending Amount", and "APY”. Select the mining pool you want to deposit assets into and click "Add Liquidity".

9. How to redeem liquidity?
Click "Redeem" on the product page. Then, find the currency you want to redeem, fill in the amount to be redeemed, or choose to redeem all, and click "Redeem" after confirmation.

10. How long does it take to redeem liquidity?
Users can redeem liquidity immediately after they click "Redeem". Assets can be deposited and withdrawn at any time.

11. How to check the transaction records of Lending & Single-Asset Vault?
Click "My Liquidity" to view the current "Liquidity Share" and the "Transaction History" of Lending & Single-Asset Vault.

12. What are the Defi lending models?
Defi lending has three forms: point-to-point, stablecoin and liquidity pool. Based on blockchain, there are no intermediaries between lenders and borrowers, thus reducing intermediate costs. Compared with the fixed lending rate in traditional bank lending, the interest rate in Defi lending will vary with the supply and demand of funds. Generally speaking, deposit rates are higher and borrowing rates are lower in Defi lending. Users of Defi lending bear high risks, while Gate.io Lending & Single-Asset Vault is less risky.

13. What is the difference between Gate.io Lending & Single-Asset Vault and Defi lending?
Defi lending has high risks and a high investment threshold. Besides, it requires users to manage their wallets; Gate.io Lending & Single-Asset Vault has less risk and no gas fee, and users can participate with their Gate.io accounts.

14. What benefits can users get from Gate.io Lending & Single-Asset Vault?
Individual users of Defi lending have to deal with the complex mining process, manage their wallets and keys, and pay high gas fees. In addition, it is also necessary for them to accurately identify the project party to avoid code loopholes, project failure and bankruptcy, which are extremely risky. However, Gate.io Lending & Single-Asset Vault combines the decentralization and high-yield characteristics of Defi projects with the security and convenience of CEX. Users can participate without worries.

15. Why is Lending & Single-Asset Vault a type of liquidity mining?
Lending & Single-Asset Vault is a single-currency mining pool. It is also a type of liquidity mining because users also have to lend currency and earn extra income in a pool, which is equivalent to a kind of mine-and-earn behaviour.

Gate.io reserves the final right to interpret the product.