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 create a lending order at 7:30 UTC, we’ll start matching your funds at 8:00 UTC. If it’s successfully lent out, returns for funds lent out from 8:00 UTC to 9:00 UTC will be distributed to you between 9:00 UTC and 10:00 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. How long will it take for my funds to be lent out?

The platform adopts the "interest rate first, then time priority" lending matching rule. The lower the "min lending APR" you set, the more likely your funds will be lent out first.

Note: if there are additional subscriptions or redemptions during the process, it will affect the lending time.

7. Where can I check my return from Earn?

You can check via Assets > Earn > Earn Analysis or Main menu > Earn > Yesterday's earnings

8. 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.

9. 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.

10. Why am I earning below the minimum APR that I've set?

When you lend out stablecoins (e.g. USDT, USDC), the final APR you earn may be lower than the minimum APR you've set. This happens when the borrowing pool is smaller than the eligible lending pool.

Example: If your min lending APR is 5% and the borrowing interest rate is also 5%, your funds will be eligible for lending.

With a borrowing pool of 1,000 USDT, the annual interest is 50 USDT. However, if the eligible lending pool is 1,250 USDT, the 50 USDT interest spread over that amount will result in a final lending APR of 4%.