Simple Earn Flexible FAQ
1. What is Simple Earn Flexible?
Simple Earn Flexible is a flexible-term product that lets you earn hourly return by lending out your crypto to Flexible Loan and margin trading users. Lending and redemption are supported 24/7.
2. How can I receive the return?
Return come from the interest generated by lending assets. For the use of Simple Earn Flexible, we charge 15% of your return. Your hourly earn return is calculated as such : Hourly return = Lent amount x APR /365 / 24 x 85%
3. When will I start earning?
Returns for funds lent out within any given hour will be distributed to you in the next hour.
Example: If you subscribe simple earn at 7:30 UTC, we’ll record your simple earn balance at 8:00 UTC. If there is any redemption happening from 8:00 UTC to 9:00 UTC, we will record min(8:00 snapshot, remaining funds after redemption). The returns for simple earn from 8:00 UTC to 9:00 UTC will be distributed to you between at around 9:00 UTC.
4. Are there any risks associated with Simple Earn?
Although this is a low-risk product, customers are advised to participate reasonably based on their own risk tolerance. The platform is equipped with multiple risk control systems and security technologies, dedicated to safeguarding user' asset security.
5. Can I subscribe and redeem at any time?
Flexible products support instant subscription and redemption, with funds returned to your account in real time.
For fixed-term products, you have to wait until the lock-up period ends before you can redeem.
If you choose to invest idle assets in Simple Earn when creating a spot grid strategy, you need to stop the corresponding grid strategy before automatic redemption occurs.
6. Where can I check my return from Earn?
You can check via Assets > Earn > Earn Analysis or Main menu > Earn > Yesterday's earnings
7. Under what circumstances is the Bonus option not visible?
If you don't see the Bonus, it may be because your account doesn't yet meet the eligibility requirements. You can check the announcement for detailed participation rules.
8. Why is my redemption restricted?
On the rare occasion that a crypto pool has been fully lent out, redemption of the affected crypto may be restricted.
These restrictions may include a temporary limit or suspension of redemption, and they’ll be reviewed every hour.
9. How do I check my Earn lending status?
Follow the steps below to check the lending status of your Earn order.
On the web
Go to Assets > My assets > Financial account
Select the relevant Earn order to view its lending status
On the app
Go to Assets > Earn
Select the relevant Earn order
Select Manage order to view its lending status