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Gate.io Building DeFi Ecosystem On its Public Blockchain, GateChain
GateChain Token (GT), the native token of GateChain, will serve as a crucial part of the GateChain DeFi eco. GT will be used as the collateral asset for getting the GateChain stablecoin USDG, while also being used for liquidity mining rewards and voting.
"Gate.io has always been a strong supporter of DeFi, considering DeFi technologies are an indispensable driving force behind the growth of the blockchain industry. At the same time, there are some concerns about the ever-increasing problem of asset security. Recently, we have seen many security incidents among the DeFi space where security is compromised due to smart contract bugs or management account breaches. GateChain's Defi will provide 100 percent asset security with its novel features," said Marie Tatibouet , CMO at Gate.io.
Decentralized Finance (DeFi) has been gaining momentum. All kinds of products such as DeFi stablecoins, DeFi loaning platforms, and DeFi trading networks are growing in popularity with over $4 Billion locked in value in the DeFi space.