Fixed Savings offers a way to earn interest on your idle digital assets by lending them out at a fixed rate for a fixed term. You'll earn returns based on the displayed annual percentage yield (APY), with interest calculated daily and both principal and interest paid out to your funding account at the end of the term.
Please note that historical returns are not indicative of future performance. Returns are not guaranteed, and there is no promise of repayment in currency, physical assets, equity, or any other form of property-based returns.
How Fixed Savings Works
This product allows you to lend out闲置资金 at a fixed rate for a predetermined period. Your funds are used to match borrowing demand in the market. Once the matched borrowing order is fully funded, the term for your Fixed Savings order begins, and interest starts to accumulate. No interest is earned before this matching is complete.
Depending on actual market demand, your order might be split into several sub-orders. Each will start accruing interest based on when its corresponding borrowing order is fully filled.
Getting Started
To use Fixed Savings, ensure you meet the following requirements:
- Update your platform app to version 6.69 or higher.
- The operation difficulty is low, making it accessible for most users.
Key Benefits
- Fixed Term, Fixed Rate: Lend your idle funds at a predetermined interest rate for a specific period, ensuring capital security and enabling better financial planning with predictable returns.
- Stable Earnings: Leverage the platform's advanced peer-to-peer matching system to earn steady interest effortlessly. The system efficiently matches lending with borrowing demand, requiring no ongoing monitoring or active management.
- Robust Risk Control: The platform employs strict risk management protocols, leading security measures, and advanced infrastructure to safeguard user assets.
Who Should Use Fixed Savings
This product is suitable for all users who have idle digital assets and seek to earn stable returns with minimal effort.
How to Subscribe to Fixed Savings
- Open the app and navigate to the "Finance" section. Scroll down to find the Fixed Savings entry card.
- Alternatively, go to "Finance" and select "Earn" to find the product.
- Search for your preferred cryptocurrency. You can also select the "Fixed" tab to filter and find your chosen token.
- Enter the amount you wish to subscribe and click "Confirm."
- After successfully submitting your order, it will be matched with a borrowing order. Your order will begin earning interest immediately once the corresponding borrowing order is fully filled.
- You can manage your orders in the "Assets" - "Earn" section. Here, you have the flexibility to lend additional assets or redeem funds that have not yet started earning interest.
Frequently Asked Questions
When does my Fixed Savings order start earning interest?
Your order begins to earn interest as soon as the borrowing order it is matched with becomes fully funded. This happens after your order is successfully placed and matched.
Can I redeem my funds early?
You can only choose to redeem funds that have not yet started earning interest. Once your funds begin accruing interest, you cannot redeem or cancel the order until the term ends.
What are the potential risks?
Please be aware of the following:
- Your funds will be locked once the order starts earning interest until the term concludes.
- Your order could be terminated early. In such cases, you may receive 100% of the remaining accrued interest as compensation, unless the termination occurs within the final 12 hours of the term, in which case no compensation is provided.
- The order term might be extended if a borrower is late on repayment, for up to a maximum of 14 days. You will receive compensation for this period, calculated hourly and paid out with your principal.
- Your principal is subject to the risks inherent in digital asset investment, including market volatility, exchange risk, and the inability to redeem funds before the term ends. The platform's robust risk controls and security infrastructure are designed to protect user assets.
When will my principal be returned?
Your principal will be returned to your funding account upon the completion of the order's term.