Many platforms offer fixed-rate earning products to compound interest passively. What is it, and how does WhaleFin’s Fixed Earn interest earning product work?
Investors are always in search of ways to earn yield on their investments, and crypto investors are no exception. The specific goals, risk preferences, and time profiles, however, can vary broadly based on the macro environment and expectations.
With bull market euphoria largely dissipated in the wake of significant drawdowns across global markets, appetites in the digital asset ecosystems understandably trend towards the conservative.
Believers in long-term potential may elect to simply hold their crypto and ride out the turbulent market conditions, while speculators or those burned by a loss may be considering transitioning their funds out of the ecosystem to wait for a friendlier climate. For investors all along this spectrum, however, there continue to be attractive yield opportunities offered by crypto’s novel properties, even through bear markets.
Both centralized and decentralized platforms offer investors an opportunity to earn interest on cryptocurrencies invested in the platform for a certain period of time. This is more commonly known as ‘fixed-rate earning products’ or on WhaleFin: Fixed Earn.
What are fixed-rate earning products?
Earn products offer a powerful means of compounding wealth without the burden of looking into the day-to-day fluctuations of trading prices. It is an investment option that works similarly to savings accounts in traditional banks. It allows investors to earn stable and predictable interest on their existing cryptocurrencies with meaningful yields and flexibility.
Investors receive a fixed return or annual percentage rate (APR) regardless of market conditions, or the performance of a certain asset. The assets subscribed are generally lent out to borrowers or invested in some manner to generate the yield on behalf of the subscriber.
Fixed Earn is an attractive passive investment option because the interest rates are significantly higher than traditional savings accounts. Banks offer an average of 0.06% interest on traditional savings, and 0.50% on high-yield savings accounts, whereas the potential annual yield offered by crypto platforms can reach 7–10% or more.
WhaleFin Fixed Earn
WhaleFin Fixed Earn is a fixed-interest earning product available on the WhaleFin app.
WhaleFin offers Fixed Earn products for major cryptocurrencies with great flexibility, high yield, availability of early redemption, and no service fees. Long-term holders of assets like Bitcoin and Ethereum can earn attractive yields on their portfolio of investments, while those simply looking for USD return can select a stablecoin option to avoid exposure to market volatility.
Two types of Fixed Earn are available on WhaleFin:
Fixed Tenor
Products with fixed tenor (30/60/90/180/365days) and standardized APR.
Customized Tenor
Users may select the tenor of their choice (1–365 days) with adjusted APR based on the length of subscription.
Earned interest is settled daily, and there are zero fees for subscription and redemption. Investors also have the option to redeem their subscribed assets before the maturity date. In case of early redemption, the APR will be adjusted and returns recalculated based on the early redemption period.
Interest can also be converted to another asset as it accrues each day– meaning that an investor can subscribe in USDT and earn interest in BTC, or vice versa.
Why invest in Fixed Earn on WhaleFin?
- Earn high yields on your digital assets with low minimum deposits.
- Select a flexible tenor from 1 to 365 days.
- Redeem anytime.
- Utilize Earn assets for collateral to trade on margin.
- Subscribe in one asset, and earn interest in a different asset.
WhaleFin by Amber Group invests significantly in the security, safety, and privacy of its users and their assets; securing comprehensive global insurance coverage protecting the digital assets held in its wallet on behalf of clients, including direct insurance policy, indirect coverage and insurance-backed Theft Protection.
Invested assets are custodied with industry-leading safeguards, and yield is generated responsibly:
- Interest earned on strictly-collateralized, high-quality institutional loans
- The spread between derivatives and their spot market
- Funding fees for unsettled positions of Margin traders
Assets held on WhaleFin are also protected by multiple layers of security:
The gold standard of security
WhaleFin is SOC 2 Type II- certified by Deloitte
Industry-leading asset custody
WhaleFin works with world-leading partners like Fireblocks to provide institutional-grade custody and protection for the assets of its users
$100 million worth of insurance policies in place
WhaleFin has pioneered safety in crypto custody by activating various insurance policies to improve risk mitigation for customer funds.
What are the risks of Fixed Earn?
- When you invest your crypto to earn interest over time, you give the platform the responsibility to manage the assets on your behalf. Make sure to select a platform that will safeguard your assets well.
- Subscribing to Fixed Earn locks up your assets for a variable period of time, and withdrawing before the maturity date will generally impact the APR yield (APR will be lower).
- Remember to do your own research to understand and gauge the implications of Fixed Earn investments.
About WhaleFin by Amber Group
WhaleFin, powered by Amber Group, is an all-in-one digital asset platform designed to empower you to diversify, manage, and grow your wealth digitally in a secure manner. On WhaleFin, you can buy, sell, trade, and invest in crypto with ease.
Download the app here.
Amber Group is a leading digital asset platform operating globally with a presence in Asia, Europe, and the Americas. We provide a full range of digital asset services spanning investing, financing, trading, and spending, backed by some of the best investors across the world such as Sequoia Capital, Temasek, and Tiger Global Management.
For more on WhaleFin’s announcements and news, please follow us on social media.
For support and assistance, please contact us at service@whalefin.com
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