Gate urgently suspends lending for 15 tokens; users must repay their loans by January 13.

Gate will disable the new lending and borrowing feature for 15 tokens starting from 16:00 (UTC+8) on January 12. Users holding loans in these tokens must complete repayment by 16:00 (UTC+8) on January 13; otherwise, the system will automatically settle the loans. This measure affects three modules: unified account spot leverage, collateralized lending, and isolated margin, but does not impact spot trading functionality.

Scope and Timeline

The 15 tokens involved in this adjustment include AE, AKITA, BLOK, BOT, FLY, HMT, HOLD, MTV, PMG, SUKU, WELL3, XPRT, HERO, SOLS, ZKL.

Policy Details

This adjustment involves two aspects: first, stopping new lending and borrowing, meaning that from the 12th onward, users can no longer use these 15 tokens as collateral for new loans; second, enforcing repayment, requiring all existing loans to be repaid by the 13th, with overdue loans automatically settled by the system.

It’s important to note that this policy only affects the lending and borrowing functions; spot trading remains unaffected. Users can still buy and sell these tokens normally, but cannot leverage them through borrowing.

Token Characteristics Analysis

Among these 15 tokens, there are some smaller coins as well as relatively well-known projects like SOLS and HERO. These tokens may share characteristics such as lower liquidity, higher risk ratings, or greater market volatility. Exchanges typically adopt more cautious risk management measures for such tokens, and disabling lending and borrowing is a common way to mitigate lending risks.

Actions Users Need to Take

If you hold lending positions in these tokens on Gate, you should act immediately:

• Log into your Gate account and check for any outstanding loans in these 15 tokens
• Confirm the loan amounts and specific tokens
• Prepare sufficient funds to repay before 16:00 on January 13
• If repayment is not completed on time, the system will automatically settle the loans, which may incur additional fees or losses
• Do not wait until the last minute; leave enough time to handle network congestion or other emergencies

Potential Market Impact

Such policy adjustments often trigger several chain reactions. First, users with loans in these tokens may be forced to sell some assets to raise repayment funds, which could put short-term downward pressure on these tokens’ prices. Second, the closure of lending functions may reduce the use cases for these tokens, potentially affecting trading activity. However, in the longer term, these risk management measures help protect the platform and users, reducing systemic risks.

Summary

This is a risk management measure by Gate involving the lending and borrowing functions for 15 tokens. The key point is the tight timeline—users have less than four days to handle outstanding loans. If you hold lending positions in these tokens on Gate, it is recommended to check your account immediately and prepare for repayment. This policy does not affect spot trading, only the lending feature, reflecting the exchange’s reassessment of the risks associated with these tokens. Acting promptly can help avoid potential losses from automatic system settlements.