Gate Web3 issues GTBTC, an on-chain asset designed to generate yield from BTC. It is secured by Gate’s BTC reserves and structured as a standardized on-chain token. By staking BTC through Gate Staking, users can mint GTBTC, with returns compounding automatically via net asset value appreciation while held. The token serves both CeFi and DeFi environments, offering a mix of liquidity and earnings. Gate manages custody and issuance, providing real-time Proof of Reserves (PoR) so holders can independently confirm the underlying BTC backing their tokens at any moment.