Gate.io Single-Collateral Loan Upgraded to Multi-Collateral Loan

Dear Gate.io User,

We are excited to announce that Gate.io Crypto Loan service has been upgraded from Single-collateral to Multi-collateral. With Multi-collateral Loan, users can choose to pledge one or multiple currencies for borrowing, optimizing fund allocation.

Note: Gate.io has ceased the single-collateral loan order function since July 2024. Users with existing active orders can repay them before 10:00 (UTC) on September 30, 2024. If the repayment is not completed by then, the system will automatically migrate the Single-collateral loan order to Multi-collateral.To inquire about your existing Single-collateral Loan order, please visit [Crypto Loan > My Loans > Flexible > Single-Collateral].

*In Multi-collateral Loan, due to the impact of the margin adjustment factor on collateral, when the margin adjustment factor is not 1, the system will not support the 1:1 migration of the original single-collateral loan order to multi-collateral loan order. Please refer to the actual migration results.To view the margin adjustment factor for Crypto Loan, please visit [Loan Information > Margin Adjustment Factor > Crypto Loan].

Highlights of Multi-collateral loan:(1) Enhanced Capital Efficiency: Users can both pledge and borrow multiple coins in one order, and borrow funds again within the existing position.(2) Friendly Liquidation Mechanism: We adopt the tiered liquidation mechanism, your positions will be well protected, ensuring a better loan experience.**(3) Simple Earn funds as Collateral: **Users can use their Simple Earn funds as collateral to borrow, allowing assets to earn interest on Simple Earn while also serving as crypto loan collateral.

We are committed to providing you with superior service and experience. If you have any questions, please feel free to contact the Loan Manager. Thank you for your understanding and support!