1. What is BloFin Simple Earn?
BloFin Simple Earn is a product providing users with flexible and fixed staking services
and structured earnings. Users can earn passive income by staking specific digital
assets with BloFin Simple Earn.
2. Which cryptocurrencies are supported?
BloFin Simple Earn supports a range of popular assets, including USDT, USDC, BTC, ETH, SOL, DOGE, and XRP, among others. Availability of specific products and tokens may change over time.
For the most up-to-date list of supported assets and their available durations (Flexible or Fixed), please refer to the BloFin Simple Earn Page
3. How to calculate the yield cycle after participating in Simple Earn?
Yields will be accumulated from the next day, and snapshots will be taken daily.
The actual situation varies from product to product. Please refer to the description
on the product page.
4. Can I redeem it in advance? If I redeem early, can I get some interest?
Flexible products can be redeemed at any time, with the yield
calculated up to the day before redemption. Fixed products,
however, do not support early redemption. For fixed-term subscriptions, the principal
and interest will be automatically redeemed and credited to your Spot Account
after the maturity date.
5. Is the principal guaranteed on my deposits in BloFin Simple Earn?
BloFin Simple Earn relies on the BloFin risk control system, and all user assets deposited
in BloFin Simple Earn are safe and secure.
6. When will users' funds be deducted after depositing to BloFin Simple Earn product?
Users' funds will be deducted from the Funding account to the BloFin Spot Account
on the day of the deposition. Users can check BloFin Spot Account assets at any
time.
7. Why should I use BloFin Simple Earn?
BloFin Simple Earn offers you the opportunity to earn interest on a diverse portfolio
of digital assets that you do not wish to trade with. As we expand our services,
more and more tokens will be made available on BloFin Simple Earn for you to deposit
into interest-earning accounts.
8. What are Fixed products and Flexible products?
BloFin offers two types of Simple Earn products: Flexible and Locked.
Flexible products provide the flexibility to redeem your assets whenever you need them, giving you quick access to your funds. With Flexible products, you can deposit your assets and earn interest while retaining the ability to withdraw them at any time without penalties.
This option is ideal for individuals who require liquidity and want the freedom to manage their funds according to their immediate needs.
Flexible products provide the flexibility to redeem your assets whenever you need them, giving you quick access to your funds. With Flexible products, you can deposit your assets and earn interest while retaining the ability to withdraw them at any time without penalties.
This option is ideal for individuals who require liquidity and want the freedom to manage their funds according to their immediate needs.
Fixed products
require you to deposit your assets for a fixed period, during which you earn
a higher return compared to Flexible products. By committing to the lock-up period,
you can benefit from the increased interest rates offered by Locked products,
maximizing your potential earnings.
Locked products are suitable for individuals who have surplus funds they can temporarily set aside without the need for immediate access.
Locked products are suitable for individuals who have surplus funds they can temporarily set aside without the need for immediate access.