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Today, I casually browsed the financial products page on Gate and saw that ERA has a 7-day fixed product with an annualized rate of 500%. My first reaction was: Is this just a gimmick?
I checked it out, and it's actually not the kind of "long-term high profits," but rather a short-cycle, high-yield fixed-term financial product that locks for 7 days and pays back principal and interest upon maturity. The amount is limited, and it looks more like a phased promotion or incentive product.
I compared it with other financial products on the platform:
USDT is flexible at around 13%.
BTC/ETH is usually around 5%-7%.
ERA is a fixed-term lock for 7 days, after which the principal and interest will be paid in a lump sum. If you redeem early, you will not receive any interest.
The market is currently unclear, and I don't really want to chase the ups and downs. Instead of letting the coins sit in the wallet collecting dust, it’s better to put them in the Yubibao to earn a bit of interest, even if it’s not much, it's stable. To put it simply, this is more like a tool to keep "idle coins" from being idle, with no operational threshold, and you don't have to worry too much about monitoring the market or setting stop losses.
I am ready to try with a small amount, since the time is short, if I lose, it will be considered tuition fees. It is more suitable for users who want to gain additional income during the holding period, with a low threshold, daily interest calculation, and transparent returns.
The announcement and product page are here; those interested can take a look:
Announcement link:
Product link:
#Gate