Dear Toobiters,
Toobit's USDC Fixed and Flexible earnings are available now.
This round of Toobit Earn will include below USDC earnings:
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Fixed earnings：
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7 Days: 4% APR
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30 Days: 4.2% APR
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Flexible earnings：
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≤ 200 USDC: 8% APR
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> 200 USDC: 1% APR
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For example:
A user subscribes to a 100 USDC fixed earning with a lock-up period of 7 days. After the product expires, the interest received by the user is 100 * 4% /365*7 =0.07671 USDC.
A user has subscribed for 300 USDC flexible earning. 200 USDC will be counted with 8% APR; 100 USDC will be counted with 1% APR.
What is a Fixed Earning?
Fixed Earning is a Toobit Earn product that helps you earn higher interest in your idle crypto assets. Upon maturity, the funds will be automatically redeemed, and both principal and interest will be credited to your spot account.
What is Flexible Earning ?
Flexible Earning is a flexible digital asset management product offered by Toobit, allowing users to subscribe and redeem at any time while providing high liquidity and stable returns.
Interest Calculation Rules for Fixed Earnings:
(1) The interest for Fixed Earning products is estimated by distributing the total earnings after maturity across each day. This amount is then reflected in the valuation of your Earn account.
(2) Example: User A successfully subscribes to the product at 2024-12-11 11:34 (UTC).
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Interest Accrual Start Time: 2024-12-12 00:00（UTC).
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First Interest Distribution: 2024-12-13 00:00（UTC).
(3) Redemption Rules
Fixed-term products will be automatically redeemed at maturity, with both principal and interest credited to the spot account.
(4) Early Redemption Rules
Early redemption will deduct any accrued interest, and funds will be credited within 48 to 72 hours. Once confirmed, the redemption cannot be reversed. Early redemption is only available for certain fixed-term products. Please refer to the product details for specific rules.
Interest Calculation Rules for Flexible Earnings:
(1)The flexible-term interest rate adjusts dynamically in real time based on market fluctuations. Interest accrual is calculated on an hourly basis, and the total interest earned over 24 hours is consolidated and credited to your Earn account.
(2) Example: User A successfully subscribes to the product at 2024-12-11 11:34 (UTC).
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Interest Accrual Start Time: 2024-12-11 12:00 (UTC).
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First Interest Distribution: 2024-12-11 13:00 (UTC).
(3) Redemption Rules for Flexible Earnings
You can redeem your assets at any time after a successful subscription, with no redemption fees.
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Instant Settlement: In line with daily redemption limits, if the cumulative redemption amount for the day (including the current request) is within the set limit, funds will be credited instantly. For example, if the daily USDT redemption limit is 100,000 and the total redemptions for the day have not exceeded this threshold, the system will ensure real-time settlement.
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Queued Redemption: If the daily redemption cap is reached, any excess amount will be queued and processed on the following day, subject to the daily limit. The redeemable amount for the next day is determined by: Daily Redemption Limit – The total Amount Redeemed on the Current Day.
What does APR mean in Earn products?
APR (Annual Percentage Rate) is the annualized return rate of a financial product, calculated by extrapolating the product's expected return over the course of one year.
When will my funds be deducted after depositing into the Earn product?
Users' funds will be transferred from the spot account to the Toobit Earn account on the deposit day, with no effect on the total account balance. Users can view their Toobit Earn account assets at any time.
Where can I view my purchased products?
In your Earn Account, select a product type to view all the products you have purchased, along with details such as the currency, estimated annualized interest rate, accumulated earnings, and more.
What are the rules of product subscription?
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All Toobit users can participate in product subscriptions.
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Details about USDC Fixed Earnings and Flexible Earnings:
a.Fixed earning：
(i) 7 Days: The total amount is 200,000 USDC; The minimum subscription limit is 5 USDC; Individual hard cap is 1,000 USDC；
(ii) 30 Days: The total amount is 500,000 USDC; The minimum subscription limit is 5 USDC; Individual hard cap is 1,000 USDC；
b.Flexible earning：
(i) The total amount is 500,000 USDC; The minimum subscription limit is 5 USDC; Individual hard cap is 5,000 USDC；
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Please note that not all fixed earning products support early redemption. Please refer to the instructions of the selected product for specific rules. For regular products that support early redemption, the interest paid will be deducted.
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The final interpretation right of regular financial activities belongs to Toobit.
*For App users, please update to the latest version to access the Earn function.
We hope that this information helps you understand our new product better. Toobit will continue to provide you with better products and better service!
Team Toobit
2025-04-24
Find us:
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Reddit: https://www.reddit.com/r/toobit/
Facebook: https://www.facebook.com/toobitofficial
Medium: https://medium.com/toobit-exchange
Toobit reserves the right to modify or cancel this announcement at any time and for any reason without prior notice.
Risk Warning: The prices of digital assets may fluctuate significantly. The value of your investment may increase or decrease, and you may even lose the entire amount invested. You are solely responsible for your investment decisions, and Toobit is not liable for any losses that may occur due to the use of margin trading. This information should not be considered financial or investment advice. Please refer to our Terms of Use and Risk Disclosure for more details.