The USDS (USDS) staking product has officially launched on Gate, with a minimum initial investment of 1 USDS. The current annualized yield is 2.24%.

Gate News reports that, according to Gate’s official announcement, Gate has now launched a USDS staking product. Users can start with as little as 1 USDS and participate in on-chain staking to earn rewards. Currently, the USDS annualized yield is 2.24%.

USDS staking is Gate’s on-chain staking product, allowing users to earn real on-chain yields through the Spark protocol. Per the distribution rules: after users stake on day D, interest begins accruing on day D+1, and rewards are distributed on day D+2. Interest is automatically paid out daily in the form of USDS tokens. Users can redeem USDS earnings at any time; redemption requests will be credited on day D+1 after submission.

The annualized yield rate fluctuates daily based on users’ staking participation and the on-chain staking returns. The actual product interest rate is subject to what is shown on the subscription page.