Gate.io Launches YFI, YFII Perpetual Contract Trading (USDT settled)

Gate.io has launched YFI/USDT and YFII/USDT perpetual contract trading settled in USDT. Traders can earn profits by going long or short with 1-20x leverage.

YFI perpetual contract trading:
https://www.gate.io/futures_trade/USDT/YFI_USDT

YFI simulation perpetual contract trading:
https://www.gate.io/testnet/futures_trade/USDT/YFI_USDT


YFII perpetual contract trading:
https://www.gate.io/futures_trade/USDT/YFII_USDT

YFII simulation perpetual contract trading: https://www.gatecn.io/testnet/futures_trade/USDT/YFII_USDT


Introduction to yearn.finance (YFI)

yearn.finance is a liquidity aggregator. The yearn.finance eco consists of the following products; 1) yearn.finance - Profit switching lender to optimize lending yields (live); 2) ytrade.finance - Leveraged stable coin trades (testnet); 3) yliquidate.finance - 0 capital automated liquidations for Aave (testnet); 4) yswap.exchange - Single sided automated market maker (live); and 5) iborrow.finance - Credit delegation vaults for smart contract to smart contract lending (testnet).

Learn more details about the YFI Perpetual Contract athttps: https://www.gate.io/futures_market_info/usdt/YFI_USDT/market_info


Introduction to yEarn (YFII)

yEarn is a liquidity aggregator providing automated yield farming strategy through a number of lending pools. The total amount of YFII is 60,000, and each of the three pools is 20,000. The initial state of each pool is 10,000. The output is halved every 7 days. The corresponding proportion of YFII is allocated according to the share of Defi users that provide liquidity for each pool. 

Learn more details about the YFII Perpetual Contract at
https://www.gate.io/futures_market_info/usdt/OMG_USDT/market_info



Gate.io Perpetual Contract


Gate.io’s Perpetual Contract is one of the most active crypto-asset contract trading markets in the world. At its peak, we hit a total trading volume of $800 million, with an insurance fund of over 1,000 BTC to compensate users when traders’ balance drops beneath zero.

Gate.io Perpetual Contracts provide 100X leverage for BTC, and 20-100X leverage for other major cryptocurrencies such as ETH, EOS, LTC, BCH, BSV in order for users to go either long or short. The close position is calculated based on the price index from multiple platforms, which helps the trading feature run continuously and reduce investors’ risks. However, contract trading involves higher risks with high leverage, hence, users should understand the trading rules and be aware of the market risk, and make investments cautiously.

Currently, the interest of Gate.io Perpetual Contract Trading is settled in BTC and USDT. Users need to deposit BTC to engage in BTC settled contract trading or USDT in the USDT settled contract trading. The USDT settled Perpetual Contracts can help eliminate market volatilities, which is more suitable for new traders. The BTC and USDT settled Perpetual Contracts Trading, and their simulation trading areas are already available on Gate.io.

How to trade contracts (e.g. BTC):


BTC/USD Settled Perpetual Contract Trading Area:

For web users: https://gate.io/futures_trade/BTC/BTC_USD
For Mobile app users: please go to “Contracts” – BTC settled contracts

BTC/USDT Settled Perpetual Contract Trading Area:

For web users: https://gate.io/futures_trade/USDT/BTC_USDT
For Mobile app users: please go to “Contracts” – USDT settled contracts

Educational Resources of Perpetual Contract Trade

How to trade with Perpetual Contract? (Video): https://gate.io/help/futures/16716
Understand Perpetual Contract: https://gate.io/help/futures/16697
Gate.io Perpetual Contract: https://gate.io/help/futures/16895
Perpetual Contract Trading in Gate.io (cartoon): https://gate.io/help/futures/16783
About Perpetual Contract: https://gate.io/help/futures/16695
Perpetual Contract Trading Fees: https://gate.io/help/futures/16688