IBIT Simple Earn | Fixed Product
The Fixed Product from IBIT is a time-locked investment option that requires users to lock their crypto assets for a set period. In return, it offers higher returns compared to the flexible product.
Fixed Earn Cycles
When subscribing to Fixed Earn, users can select:
•Cryptocurrency
•Expected Annualized Yield
•Lock-in Period (7, 15, 30, 60, 90, 120 days, etc.)
•Minimum Investment Amount
•Individual Quota
Earnings Calculation
Daily Fixed Earn Earnings:
Earnings = (Deposited Crypto x Annual Yield / 365) x Lock-in Days
Example:
•Deposit: 1,000 USDT
•Lock-in Period: 30 days
•Annual Yield: 6.66%
•Total earnings: (1,000 x 6.66% / 365) x 30 = 5.4739 USDT
Earnings start from T+1 day and are distributed after the lock-in period ends.
Earnings Distribution
•Interest Calculation: Starts from T+1 (the day after subscription).
•Interest Payout: Begins on T+2 at 16:00 UTC+8.
•Redemption: Automatically processed after the lock-in period ends.
Example:
•Nov 1: Subscribe to a 15-day Fixed Earn product.
•Nov 2: Interest calculation begins at 00:00 UTC+8.
•Nov 3: First payout at 16:00 UTC+8 for Nov 2’s earnings.
•Nov 2 - Nov 16: 15-day lockup period
•Nov 17: Final interest payout and redemption of principal to the user’s account.
Redemption
1.Auto-Redemption:
After the lock-in period, the funds and interest are automatically redeemed on T+1 and credited to the user’s account.
2.Early Redemption:
Some products support early redemption, but this results in a loss of already-earned interest. Funds are credited on T+1 after a successful redemption request.
Example:
•Deposit: 1,000 USDT
•Lock-in Period: 30 days with 6.66% yield
•Redeem after 10 days: Earned interest = 1.824 USDT
•Early redemption results in forfeiture of 10 days’ interest: Refund = 1,000 - 1.824 = 998.176 USDT.
Note:
•Some products may not support early redemption. Check product details before subscribing.
•Early redemption applies to the entire deposit; partial redemptions are not allowed.
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