When the user deposits crypto in the WhaleFin Wallet, the interest accrual of the deposited crypto will begin automatically based on its APY. The interest is settled daily at 16:00 (UTC+8) based on the non-transferred assets (i.e. assets that are not transferred to Trade, Earn, or Invest within 24h, and assets unlocked from Fixed Earn and Dual Currency to the available balance), and is distributed after 24h of holding.
Example:
- If user A has 5 BTC in the available balance by 16:00, then he/she withdraws 2 BTC at 18:00, and deposits 2 BTC at 20:00, the Flexible Earn interest that user A will receive at 16:00 the following day is settled based on 3 BTC.
- If user B has 5 BTC in the available balance by 16:00, then he/she deposits 2 BTC at 18:00, and withdraws 2 BTC at 20:00, the Flexible Earn interest that user B will receive at 16:00 the following day is settled based on 5 BTC.