Through Gate Simple Earn, you can earn daily returns by subscribing to flexible-term products with idle cryptocurrencies at any time.
1.What are the advantages of Simple Earn's flexible-term products?
Easy Subscription You can earn daily returns by subscribing to flexible-term products with idle cryptocurrencies, which are redeemable at any time. Auto-Earn Idle cryptocurrencies in your Spot Account or Unified Account will be used to auto-subscribe to Simple Earn flexible-term products for flexible returns at 2:30 (UTC+0) and 15:30 (UTC+0) every day.
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 Apot Account or Unified Account to Simple Earn immediately.
3.Is there a subscription cap? No subscription limit for the flexible-term product.
4.How is the return calculated and distributed?
Your subscription to Gate Simple Earn Flexible Term will work as working capital for loan business on the platform. The system will lend your funds to other users, and the interest generated will be distributed to you as the annualized return of your subscription. If your assets are borrowed at T o'clock, you will receive the interest earned during the following hour at T+1. However, if you redeem your assets before T+1, you will not receive any interest for the past hour. Interest received every hour will be invested automatically to earn compound interest. You can redeem both principal and interest at redemption. The current estimated APR is calculated based on historical data and current market borrowing demands.
5.How to redeem the crypto you lent?
Simple Earn Flexible Term allows for real-time redemption. However, if we're processing too many redemption requests, there may be a delay in assets arrival. Please wait patiently after submitting the request and interest will keep accruing during the waiting period.
Gate reserves the final right to interpret the product.
