With Simple Earn's fixed-term products, you can earn interest for a fixed term at a fixed rate.
1. What are the advantages of Simple Earn's fixed-term products?
- High Returns : The tiered APR structure provides industry-leading investment returns.
- Low Threshold : The low minimum subscription requirement allows all users to participate regardless of investment size and enjoy stable returns.
- Flexible Options : Choose from a wide variety of terms as short as 3 days to as long as 360 days for your flexible investment management.
- Safe and Reliable : Gate's reserve rate significantly exceeds the 100% industry benchmark, continuously providing a secure and reliable trading environment for users.
2. Is there a time limit on the subscription?
There is no time limit for the subscription. After a successful subscription, your assets will be transferred from your spot account or the Unified Account to Simple Earn immediately.
3. Is there a subscription cap?
Each fixed-term product has a specific subscription cap. Once the cap is reached, the system will not process any further subscriptions. The caps may be adjusted at any time.
4. How is the return calculated and distributed?
- The current APR is subject to the latest one at the time of subscription. After the order is created, the APR is fixed within the term.
- Interest starts to accrue at 00:00 (UTC+0) the next day after subscription and will be credited to your spot account or the Unified Account together with the principal after the order reaches maturity.
- Est. Interest = Principal × APR / 365 × Term (Days)
5. Is early redemption supported?
- Simple Earn Fixed Term allows for flexible redemption before the order reaches maturity. However, early redemption will result in the loss of all accrued interest. The principal will be returned to your Spot Account or Unified Account upon submitting the redemption request.
- In case of extreme market volatility, network delays, or excessive number of requests, redemption may be delayed.
6. Can I choose what to do with the redeemed assets?
- If Auto Renew is not enabled, you can choose to either auto-subscribe to a flexible-term product or redeem the assets to your Spot/Unified Account.
- This setting can be modified at the time of subscription or at least 1 hour before the maturity time.
7. Does Simple Earn Fixed Term support Auto Renew?
- You can enable Auto Renew at the time of subscription or at least 1 hour before the maturity time. Without Auto Renew, your assets will be redeemed at the maturity time. With Auto Renew enabled, a fixed-term product of the same term will be automatically renewed after the order reaches maturity.
- If there is no product of the same term, a flexible-term product of the same coin will be automatically renewed using the same principle. In the case of subscription failure, the principal will be redeemed to your Spot Account.
- The Auto Renew setting cannot be modified within the last 1 hour before maturity.
