Gate will close lending for 15 tokens tomorrow, and users need to complete repayment within 24 hours.

Gate Exchange announces that it will disable the lending and borrowing functions for 15 tokens tomorrow (January 21st), which means users with related positions need to complete repayments within 24 hours. This is an optimization decision made by Gate based on the periodic project review mechanism. Although it only affects the lending and borrowing functions, users holding these token positions need to take immediate action.

Key Dates and Affected Tokens

Timeline

The 15 affected tokens

ASTRA, ATLAS, FURY, LAI, LINGO, PROS, REN, RWA, SERO, CRU, DUEL, ETHS, UNITE, SLAY, SIDUS

Important Details for Users

Scope of Closure

• New margin lending and borrowing in spot accounts
• New collateralized lending and borrowing
• Isolated margin new lending and borrowing

Functions Not Affected

• Spot trading remains normal
• Existing lending and borrowing positions can be held until the deadline

Automatic Settlement Mechanism

Any lending and borrowing positions not repaid before 16:00 on January 22nd will be automatically settled by the system. This means that even if users do not manually operate, the system will handle it automatically, but this may not be the most optimal settlement method.

Actions Users Need to Take

If you hold lending and borrowing positions for the above 15 tokens, you need to complete the following before 16:00 on January 22nd:

• Log into your Gate account to view your lending and borrowing positions
• Confirm the loan amounts and the principal and interest to be repaid
• Ensure your account has sufficient funds for repayment
• Manually complete repayment to avoid relying on automatic settlement

Why This Adjustment Was Made

Gate’s adjustments are usually based on the periodic project review mechanism. The exchange regularly evaluates project quality, liquidity, risk, and other factors on the platform, and makes functional adjustments to projects that do not meet expectations. Disabling lending and borrowing is a common optimization measure to reduce platform risk and guide users to focus on higher-quality projects.

Summary

Although this adjustment only involves 15 tokens, it is an urgent matter for users holding related positions. The key is to complete repayment before 16:00 on January 22nd and not rely on automatic system settlement. If you hold lending and borrowing positions for these tokens, it is recommended to log into Gate immediately to check your account status and complete repayment early to avoid potential risks. Spot trading remains unaffected, and users can still buy and sell these tokens normally.