Exclusive LL Staking Pool for Gate.io Users Is Now Live

LightLink is launching an exclusive Proof of HODL staking pool for Gate.io Web3 Wallet users, offering an impressive initial 500%+ APY. Here’s everything you need to know to start earning rewards

LightLink’s Proof of HODL Expands

Four months ago, LightLink introduced the Proof of HODL program, allowing LL token holders to stake their tokens and earn rewards. The program saw remarkable engagement, with over 10 million LL — representing 24% of the circulating supply on the LightLink network — staked by users.

Now, LightLink is expanding the program by launching its first partner staking pool exclusively for Gate.io users. The pool, hosted on our website, features a staking cap of 5 million LL and an initial APY of 500%. Users will need the Gate.io Web3 Wallet to participate.

To mark the launch, LightLink and Gate.io are offering $5,000 in USDT rewards through Gate Tasks. Complete simple tasks to earn your share of the prize pool while staking LL. Read on to learn how to get started.

Key Details About LL Staking in Gate.io’s Web3 Wallet:

• Staking Cap: 5 million LL
• Reward Period: Rewards will be distributed over a limited time, from December 5 to January 5.
• Withdrawals: Rewards can only be withdrawn after the staking period ends on January 5. Staked LL can be withdrawn earlier, but accumulated rewards will be forfeited. Additionally, users who unstake before the end of the staking period will not be eligible for rewards from the Gate Tasks campaign.

Gate Tasks Campaign: $5,000 USDT Prize Pool

LightLink and Gate.io are rewarding stakers with a $5,000 USDT prize pool:

• $3,500 will be distributed among 100 random stakers.

$1,500 will go to the biggest stakers: 10 random users who staked the maximum (5,000 LL) will share the $1,500 pool.

This is your chance to stake LL tokens, complete tasks, and earn even more!

How To Set Up Gate.io Web3 Wallet and Stake LL

1. Download and install the app from the Gate.io website.
2. Open the app, switch to the Web3 Wallet interface, and either create a new wallet or import your existing wallet.

3. Use the seed phrase of your wallet containing LL tokens on the LightLink Mainnet.

4. Click the Chain Selector icon, open the network list.

5. Choose the LightLink network.

6. Click the Manage button to view the list of available tokens.

7. Click the Customized Tokens button to open the token management page.

8. Paste the LL token contract address on the LightLink Mainnet and click Add to confirm: 0xd9d7123552fA2bEdB2348bB562576D67f6E8e96E.

Once your wallet is set up, you can proceed with staking LL tokens. For detailed instructions on staking LL, check out our previous blog post: Stake LL in One Minute.

Please note that staking will require you to pay network fees of up to $0.05 in ETH on LightLink. You might want to bridge a bit more to cover future transfers as well. Feel free to use Stargate’s bridge to transfer from Ethereum to LightLink or leverage LightLink’s native bridge for the same.

If you’re transferring LightLink tokens on Ethereum from a CEX or elsewhere, make sure to add LL token contract address on Ethereum Mainnet too: 0x0921799CB1d702148131024d18fCdE022129Dc73.

How to participate in the $5,000 USDT Gate Tasks Campaign

Gate Tasks offer rewards for completing on-chain and social tasks. Here’s how to participate in the LightLink campaign:

1. In the Gate.io Web3 Wallet, press the Earn button.

2. Switch to the Tasks tab and locate the LightLink campaign. 

3. Follow the instructions to complete the specified tasks and earn a share of the $5,000 USDT prize pool.

Conclusion

LightLink has launched an exclusive Proof of HODL staking pool for Gate.io users, offering exciting opportunities to earn rewards with high APY.

This is a chance to stake LL tokens, complete Gate Tasks, and earn APY rewards while contributing to the LightLink ecosystem. Start staking today to make the most of this limited-time initiative.