The MON staking product has launched on Gate, with a minimum investment of 50 MON, and an annualized yield of 10%

Gate News reports that, according to Gate’s official announcement, Gate has now launched the MON staking product. Users can start with a minimum of 50 MON. According to the announcement, MON’s annualized yield is currently 10%.

MON staking is Gate’s on-chain staking product. It allows users to stake MON and earn on-chain rewards. Under the distribution rules, users stake on day D, start earning interest on D+1, and receive distributions on D+2. Interest is automatically paid out daily in the form of MON tokens. Users can redeem at any time, and the redemption request will be credited on D+2 after submission.

Gate says that on-chain earnings aggregation brings together multiple popular PoS projects. Through strict protocol reviews and professional risk assessments, it provides users with a diversified set of staking products.