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Simple Earn
Principal Protected
· Flexible Term
· Compound Interest
Market
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?
Simple Earn matches users' idle funds with loan demand to help generate passive income on users’ lent assets. Instead of using a fixed interest rate throughout the entire loan duration, Simple Earn settles interest with updated execution interest rate hourly based on market conditions automatically, thus providing more flexibility and increased capital efficiency for lenders. As a lender, you can join the program any time and receive a better interest rate than you preset, with your lent funds becoming accessible again with a maximum delay of 1-hour when you exit.
How to calculate the interest?
At the end of an hour (also the very start of the next hour , ie,X:00:00), a single interest rate will be figured out as the execution interest rate and applied retroactively to all eligible lending over the past hour. The interest is offered in tranches based on whether the funds’ minimum interest rate is below, equal to or above the execution interest rate. Funds provided with the minimum interest rate below the execution interest rate will receive interest first. If there is any remaining interest, they will go to funds provided with the minimum interest rate equal to the execution interest rate, on a first-come, first-served basis. Funds provided with the minimum interest rate above the execution interest rate will not receive any interest. If your assets are borrowed successfully on the hour at T, you will receive the interest earned during the following hour at T+1. However, if you redeem your assets before the T+1 settlement, 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.
How to redeem?
You can join or exit Simple Earn anytime you want. Redeemed assets will be returned to your account immediately. Please note that if you apply to redeem assets when the Borrowed Percentage is 100%, which means all lending offers are borrowed, you will receive the assets once there are available funds in the pool. Please wait patiently and interest will keep accruing during this period.
Guide to Simple Earn (Course)
This course will help you master the basics of Gate.io 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.
