Introduction to Simple Earn

1. What are Simple Earn?
Simple Earn offers you the possibility to lend your eligible tokens to KuCoin EU and earn a fixed yield in return. Please be aware that this service is not regulated under MiCAR.

2. Categories
There are two different types of earn products you can choose from:
Flexible: You can redeem your subscribed assets at any time. Funds will be credited 1 day after a successful redemption request.
Fixed: You lend your eligible assets to KuCoin EU for a predefined period of time. This means that you can only redeem your assets after the end of the fixed period, even in cases when the market moves against you.

3. Reward Calculation and Payouts
Rewards:
For flexible-term products, rewards accrues the day after the initial deposit (T+1).
For fixed-term products, rewards accrues immediately after a deposit is made, and the first payout is received the next day (T+1).
Payout:
With flexible-term products, earnings are distributed on T+2.
Fixed-term products have two methods of distribution: Daily from T+1, and upon maturity at 10:00 (UTC) of the expiration day.

4. Redeem
For flexible-term products, you can redeem at any time after successful subscription. Once you have confirmed redemption, your assets will be locked for 1 day(s). No yield will accrue during this period, and the assets cannot be traded or withdrawn until the redemption period ends.
For fixed-term products, you will not be able to redeem your subscribed assets early.

5. How to Subscribe
Scroll for the Simple Earn product list, pick a currency and your desired product, then subscribe.

6. Where can I view the Simple Earn products I’ve subscribed to?

They can be found on your Earn Account page.

7. Redemptions
From your Earn Account page, click Redeem, enter the amount to be redeemed, then click the Redeem button.

8. Viewing Your Earnings
Access your Earn Account, click Details to view the earning.