You can use a certain crypto currency as collateral to borrow
Interest starts to accrue from the time of successfully borrowing.
The initial interest settlement basis is 4 hours, less than 4 hours
deemed as 4 hours. After the initial 4 hours, the interest is settled
on an hourly basis, less than 1 hour deemed as an full hour. Formula:
Interest=Loan * Day rate/24 * How many hours
Loan should be repaid before or on the repayment date (loan duration
is 10 days by default). If overdue, the collateral and loan will be
in custody of Gate.io and liquidation may be triggered to repay loan.
If you need longer loan duration, you can check “auto-renew ” to
allow loan to renew against the market loan offers on the interest
rate and quantity priorities automatically when a loan term ends.
You can choose to repay earlier without any penalty; and interest
payable is subject to the actual loan duration.
Repayment should be paid in full. No partial repayment is supported.
Gate.io manages risk using a Collateral Ratio.
Collateral Ratio=Loan (interest payable included) value / collateral
The lower the Collateral Ratio , the less possibility the collateral
Initial Collateral Ratio is 70%;
When the Collateral Ratio reaches 80%, Gate.io will send out a-lert
through short message, App notifications, or email.
When the Collateral Ratio reaches 90%, liquidation will be triggered
to exchange collateral for loan currency to repay the loan.
You can add additional collateral to reduce the Collateral Ratio and
lower liquidation risk before Collateral Ratio reaching 90%.
Before repayment, you can not transfer out all or part of the
Gate.io reserves the right to liquidate orders with overdue loan or
of high risks.
You should acknowledge that collateral loan may incur interest,
commissions and other fees and agree to pay interest/fees posted at
should fully understand that cryptocurrencies prices are extremely
volatile, and should operate with caution and mange risks rationally.
agree that any investment decision and operation are out of your own
willingness and you are solely responsible for the risk and gains.
Gate.io shall not be responsible to the loss or delay of any
notifications sending through any channels, email, app, or short
message. You should pay close attention to your order status and be
responsible to knowing the real order status even if falsely posted
Gate.io reserves the right of final interpretation to the above.