[//]:content-type-MARKDOWN-DONOT-DELETE To further enhance the user experience, the BTC Staking product will undergo an upgrade, scheduled to go live by 10:00 (UTC) on July 30, 2025. Key updates during and after the upgrade are as follows: **1. Conversion Rate Mechanism Adjustment** * The previous fixed conversion rate (BTC:GTBTC = 1:1) will switch to a dynamic model. The initial rate remains 1:1. * The rate will be updated once daily. During the update window (about 30 minutes), staking and redemption will be temporarily paused, and a notice will be shown on the interface. **2. Earnings Settlement Changes** * Daily distribution of base interest will end on July 31. * Under the new model, interest will be settled in full when you redeem your BTC. The system will calculate your total payout (principal + earnings) based on the real-time conversion rate at redemption. (Earnings = Redemption Amount – Staked Principal) * Any promotional bonus rewards will continue to be distributed daily during the campaign period. **3. App Version Requirement** * Older versions of the app still support staking operations (executed based on the conversion rate at the time).You can find the current rate under [About Staking] - [Overview]. * To redeem, please update to version 7.14.0 or above. We strongly recommend using the latest app version for the best experience. **4. GTBTC Feature Expansion** * Once the upgrade is complete, GTBTC will progressively support Crypto Loan, and deposit/withdrawal. For any questions, please contact our official support team. Gate Team July 30, 2025 **Gateway to Crypto** Trade over 3,500 cryptocurrencies safely, quickly, and easily on Gate **Take Action Now** Sign up and claim up to $10,000 in welcome rewards Invite friends and earn a 40% commission **Stay Connected** Visit Gate's official website Download the Gate App | Desktop Follow us on X (Twitter) to get more bonuses Join our Telegram community to discuss trending topics Engage with our global community for the latest insights **Transparency & Security** Check our 100% Proof of Reserves

BTC Staking Product Upgrade

BTC Staking Product Upgrade