Gate.io has added BitDAO(BIT) margin trading (BIT/USDT), allowing up to 3X leverage.
At the same time, margin lendin g and borrowing of the coin are available. You can lend your BIT to earn passive income (3.65%-365% APR).
Margin trading allow long and short positions and can facilitate price discovery as well as forming a more stable market. As a trader, you can borrow BIT to short it or borrow USDT to long it. For holders, you can lend your BIT to margin traders to earn interest on your holdings.
The Gate.io lending market is a peer to peer market where all the loans and borrowings are made between users. Gate.io does not participate in lending or borrowing.
Trade BIT at https://www.gate.io/margin_trade/BIT_USDT
Borrow BIT at https://www.gate.io/margin/borrow/BIT_USDT
Lend BIT at https://www.gate.io/margin/lend/BIT
Deposit BIT at https://www.gate.io/myaccount/deposit/BIT
About BIT
BitDAO is banking on the success of DeFi and will allocate massive financial and talent resources to support DeFi growth.1\ Research and Development：BitDAO partners will establish R&D centers to develop BitDAO core protocols (governance and treasury management), develop BitDAO DeFi products, support DeFi partners, and provide incubation services to emerging DeFi projects. We imagine that BitDAO affiliated R&D centers will employ hundreds of people in the coming years.2\ Liquidity：BitDAO will control one of the largest pools of assets, which can be used to provide liquidity to partner protocols. BitDAO can bootstrap new protocols such as DEX, lending, synthetics.3\ Funding：BitDAO will support blockchain technologies through grants (e.g. via Gitcoin), and support DeFi projects through token swaps.
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Gate.io Team
Aug 18, 2021
