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 Trading 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 Trading 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.
- If the Delayed Credit feature is enabled, assets from early redemption will be credited according to the applicable delay schedule.
6. Can I choose what to do with the redeemed assets?
- If Auto Renew is not enabled,you may choose at the time of subscription or any time before maturity how your principal will be handled at maturity.The principal will either be automatically subscribed to the corresponding Flexible Term or redeemed to your Spot Account orTrading Account.
7. Does Simple Earn Fixed Term support Auto Renew?
- With Auto Renew enabled, your principal will automatically renew into a Fixed Term with the same duration at maturity. If not enabled, your principal will be automatically redeemed at maturity.
- If no Fixed Term with the same duration is available at the time of reinvestment, the principal will be automatically subscribed to the Simple Earn Flexible Term of the same token. If the Flexible Term subscription fails, the principal will be redeemed to your Trading Account.
8. How are Fixed Term orders handled if a token is delisted?
- If a token is delisted, any outstanding Fixed Term orders for that token will be automatically redeemed early by the system.
- The redemption amount includes both the principal and accrued interest. Accrued interest is calculated based on the number of full hours during which the assets are held, from the start of accrual to the last full hour before delisting.
