Simple Earn
Principal Protected
· Flexible Term
· Compound Interest
Market
| Coin | Est. APR | Term (Days) | Action |
|---|---|---|---|
How to profit from Simple Earn?
01.Create a Lending Offer
Initiate the process to lend out your idle funds
02.Successful Matching
System matches your lending offer with borrowing needs in the market
03.Compound Interest
Earn compound interest after your assets are borrowed successfully.
FAQ
What is Simple Earn?
Through Gate Simple Earn, you can profit from more than 800 cryptocurrencies and unleash the potential of your investment portfolios. Specifically, you can subscribe to flexible-term or fixed-term products to earn returns with crypto assets.
How is the interest of Simple Earn Flexible Term 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 the lowest APR at which Simple Earn funds can be successfully matched for lending and earning returns. It's calculated based on historical data and current market borrowing demands.
How is the interest of Simple Earn Fixed Term calculated and distributed?
After successful subscription, interest will be calculated at the APR at the time of subscription throughout the term and start to accrue at 00:00 (UTC+0) the next day. Both the interest and the principal will be credited to your Spot Account or Unified Account after the order reaches maturity.
How to redeem?
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.
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.
Guide to Simple Earn (Course)
This course will help you master the basics of Gate Simple Earn, including its features and profit models. After learning this course, you will be able to set the parameters of Simple Earn rationally according to your own needs and market expectations, grow your crypto assets, and maximize capital efficiency. Go to learn.