Simple Earn allows users to earn daily rewards by depositing assets, either for flexible-term or locked-terms.
When will I start earning?
The first distribution of Rewards to your Spot wallet will be on the third day after you Subscribe, between 0:00 UTC to 08:00 UTC.
How are the daily rewards calculated?
Rewards=your deposited assets*APR/365
*APR is subject to change, and may change on a daily basis.
What happens if I redeem my Locked Products early?
You can redeem your assets anytime. But if you do this before the locked period ends, you’ll lose all rewards you have accrued. Any rewards recorded in your Spot wallet will be deducted from the asset you deposited, when you withdraw them.
What is the difference between Fast Redemption and Standard Redemption for flexible-term products?
If you elect to redeem using Fast Redemption:
Rewards will not be accrued or distributed to your Spot wallet for the day that you elect to redeem; and your saved assets will be returned to your Spot wallet immediately;
If you elect to redeem using Standard Redemption:
Rewards will be accrued and distributed to your Spot wallet for the day that you elect to redeem; and your saved assets will be returned to your Spot wallet within 24 hours of your request.
Turning Auto-Subscribe on means your corresponding assets (including interests and new token purchases) in Spot Wallet will be transferred to Earn Wallet at 02:00 (UTC) and 16:00 (UTC) daily. You can find the Auto-Subscribe history under Wallets > Earn History > Flexible.