How do I subscribe to Simple Earn Fixed?
What's Simple Earn Fixed?
With Simple Earn Fixed, you can earn interest for a fixed term at a fixed rate. You earn hourly interest based on the annualized percentage rate (APR) you set for your funds to be lent out. The interest will be accrued hourly and all interest will be paid to you when the term ends.
Note: historical returns aren’t indicative of future returns. We don’t guarantee the repayment of the principal or interest in the form of currency, physical objects, equity or other types of properties within a certain time period.
What are the benefits of Simple Earn Fixed?
Fixed term, fixed rate: secure your idle funds by lending them out at a predetermined fixed rate for a set term. Enjoy the predictability and certainty of consistent returns over the specified period, allowing for better financial planning and peace of mind.
Stable earnings: earn interest effortlessly through our sophisticated peer-to-peer matching system that efficiently aligns lending and borrowing demands. Benefit from consistent and reliable earnings, making it easier to grow your wealth without constant monitoring or active management.
Reliable risk control: your assets are safeguarded with stringent risk control measures, industry-leading security protocols, and advanced infrastructure. Our comprehensive approach ensures the protection of your investments, providing you with confidence and security in a volatile market.
How does Simple Earn Fixed work?
You lend out your idle funds at your chosen annualized percentage rate for a fixed term. Your order will be put out to market for a peer-to-peer match until a borrowing demand meets your preferred rate.
The term begins when your order matches a borrowing demand, which is when interest starts to accrue. You won't earn any interest until then.
Your order may be divided into multiple sub-orders based on the borrowing demands, and each interest accrual start time aligns with each term’s start.
How do I subscribe to Simple Earn Fixed?
Select Fixed
Select the fixed term product and complete the subscription on the pop-up page
Navigate to Grow and select Simple Earn, before selecting Fixed
Find Simple Earn products with fixed number of days (for example 30 Days), as not all currencies in Simple Earn have fixed term options
Select the fixed term product and complete the subscription on the pop-up page
Enter the amount and select the lending APR before confirmation
How do I manage my active orders?
Manage your orders on the Assets page by heading to the section and select Earn. Here, you have the flexibility to lend additional assets or redeem your existing ones that haven't been lent out yet. You can track your lending activity, monitor your returns, and make adjustments to your asset allocations seamlessly. Whether you’re looking to increase your investments or withdraw your funds, the section provides a comprehensive and user-friendly interface to meet all your lending and redemption needs. Take full control of your assets and optimize your growth potential with our intuitive platform.
Simply navigate to Assets and select Earn, where you can lend additional assets or redeem existing ones
How and when will I receive the rewards?
If your lending order is successfully matched (in whole or in part) with borrowing demand, you'll start to earn earnings from loan amounts that are matched. Not all loan amounts within an order may be matched. Any loan amounts that aren't matched will not generate earnings.
Interest income will be accrued on an hourly basis. However, it'll only be paid out at the end of the order terms.
What are the possible risks?
Please note that once your order is matched, it's locked until the term ends. There are chances that your order may terminate earlier than the term ends. In such a case, you may receive 30% of the remaining interest to be accrued as compensation, except that no compensation will be paid if termination is within 6 hours before the scheduled term was due to end.
Your order may also be extended due to the borrower’s delayed repayment, until the borrower repays. This extension is only for a maximum of 30 days. In this case, you’ll receive a certain amount of compensation, which will be paid to your funding account on an hourly basis.
Your principal is subject to the risks of investing in crypto, including market volatility, exchange risk, and the non-redemption of funds during the term. This is mitigated by our strict risk control, industry-leading security measures and advanced infrastructure.
When will my deposited amount be returned to me?
Once the loan order term ends, you'll receive the deposited amount together with interest earnings.
If the loan order isn't matched with borrower, then you can cancel the order and redeem your deposit amount anytime.
Can I redeem my loan within the contracted loan period?
Once the loan order is matched with borrower, you're unable to redeem or cancel the order.