Gate.io now enables users to participate in Polkadot parallel chain slot auctions seamlessly. Visit the dedicated slot auction page to check real-time progress, project details, and FAQs. New users can register on Gate.io to access savings products.
Current Auction Highlights
DOT Slot Auction (9th Round)
- Leading Project: Interlay
- Total Staked: 1.5761 million DOT (as of January 31, 2022)
- INTR Savings Locked: 1,538.934060 DOT
KSM Slot Auction (24th Round)
- Leading Project: SORA
- Total Staked: 7,510.7811 KSM (as of January 31, 2022)
- XOR Savings Locked: 85.473240 KSM
👉 Track live auction progress here
Note: Mobile app access will be available soon.
How to Participate
Join Locked Savings:
- Deposit or purchase KSM/DOT to participate in locked savings supporting specific auction projects.
- View supported projects and their chain reward pools.
Slot Auction Process:
- Auctions are finalized on-chain. Monitor results regularly.
Interest Distribution:
- If successful, interest is distributed based on actual chain yields.
- Early chain unlocks trigger proportional asset returns.
- Failed auctions result in automatic KSM/DOT refunds (no interest).
Key Rules
- Supported Assets: KSM, DOT
- Zero Fees
- APY: Matches chain yields
- Flexible Unlocking: Assets released if chains unlock early
- Refund Policy: Full asset return if auctions fail
Why Choose Gate.io?
Gate.io prioritizes user empowerment with transparent processes and competitive yields. Stay tuned for innovative product launches!
Existing users can earn 40% commissions by referring friends.
👉 Download Gate.io’s iOS/Android App
FAQ
1. What happens if a project loses the auction?
All staked DOT/KSM is returned automatically without interest.
2. How are interest rates determined?
Rates align with actual chain-generated yields.
3. Can I unlock my assets early?
Yes, if the chain permits early unlocking.
4. Is there a participation fee?
No. Gate.io charges zero fees for this service.
5. How do I track auction progress?
Use the dedicated slot auction page for real-time updates.
Disclaimer: Gate.io acts solely as an intermediary. Users bear all risks related to project or chain security.
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