1. What currencies are supported by Fixed Earn?
Fixed Earn currently supports BTC, ETH, USDT, USDⓢ, BNB, AXS, DOT, FIL and NEAR.
We will expand our offerings in accordance with customer feedback, and may launch or remove the supported currencies based on market situation. Please refer to WhaleFin app and web for specific details.
2. What tenors are available on Fixed Earn?
Tenors of Fixed Earn are normally fixed integers, e.g. 30/60/180/365 days.
3. Fixed Earn interest calculation
Total Interest = Interest + Bonus interest = Principal * APR * Holding days / 365 + Principal * Bonus interest rate * Bonus interest validity / 365
The interest is calculated at 16:00 (UTC+8) daily and will be distributed to [Fixed Earn Assets]. The total interest will be unlocked from [Fixed Earn Assets] to the available balance upon maturity or early redemption.
Note: As the interest is rounded down to 8 decimals, there may be subtle differences in the daily interest calculated at 16:00 (UTC+8); therefore, the total interest unlocked from [Fixed Earn Assets] to the available balance in the Wallet may differ from the interest calculated according to [(Redeemed) Principal * APR * Holding Days].
4. Can I revoke the subscription/early redemption?
Subscription/early redemption is irrevocable on both App & Web.
5. How are Fixed Earn assets unlocked and distributed?
(1) Redemption upon maturity: the principal and the interest will be unlocked to the available balance at 16:00 (UTC+8) on the maturity date;
(2) Early redemption: the principal and the interest will be unlocked to the available balance in real-time.
6. Does Fixed Earn support early redemption?
No early redemption is permitted for fixed earn.
7. Does Fixed Earn support partial early redemption?
No.
8. Does Fixed Earn support Dual Currency?
No.
9. What are the differences between Fixed Tenor and Customize?
Both Fixed Tenor and Customize are the same type of Earn product by nature.
- Fixed Tenor: choose from common tenors (e.g. 30/60/180/365 days)
- Customize: tenor can be any number of days between 1 and 365 days
10. How are Earn orders and the displayed transactions related?
Each transaction record is generated based on the activities of the Earn order.
That is, each Earn order will generate 1 subscription record, 1 or several redemption records, and 0 or 1 or several liquidation records.