Dear BitMart Users:

BitMart will launch WUSD USD Stablecoin Earn Boost on Aug. 08, 2024 14:00 UTC

Subscribe to enjoy WUSD 10% APY earn product now!

Promotion time: 08/08/2024 14:00 UTC- TBD

Subscribe to Enjoy 10% APR

WUSD Flexible Savings 

Hard cap: 20,000 WUSD/User

For example, User A has subscribed for 3,000 WUSD with a 7-day period, the interest earned by user A is 3,000 * 30% * 7/365 = 17.26 WUSD.

About WUSD

WUSD is a fiat-collateralized stablecoin that is pegged to the U.S. Dollar at a 1:1 ratio. Dedicated to optimizing payment solutions for web3 industry enterprise users, WUSD empower the real economy through secure, compliant digital payments, spanning stablecoins, exchanges and cards, all geared for global expansion.

What are Flexible and Fixed savings? 

Flexible Savings is a product that pays interest on cryptocurrencies deposited while allowing the funds to be withdrawn at any time.

Fixed Savings also pays interest on cryptocurrencies deposited, but unlike Flexible Savings, it has pre-set durations. Funds must remain in the account for fixed terms in order to earn the stated interest.

How do you subscribe to BitMart earn products?

Click on “Earn” on the navigation board and click on “Subscribe” under the “Action” tab for the product you wish to subscribe to. 

Terminology Explanation

• Annualized interest rate: annualized interest rate refers to the rate of return gained during the investment period of one year;
• Duration: Duration refers to the time when their assets are locked. During this period, the fund is locked and cannot be traded or withdrawn by the user;
• Total amount / Total subscription amount: it refers to the total amount of financial products issued;
• Time of interest accrual: the time of interest (return) accrual after subscription;
• Expected revenue:  expected revenue refers to the revenue based on known information if there are no unexpected events happening. The platform calculates the income formula with subscription amount * annualized interest rate * lock-up days / 365.
• Redemption date: the ending date of the investment product when the payback automatically returns to the available balance.

Please Note That...

• Only registered BitMart users can subscribe to the products.
• BitMart reserves all rights for the final explanation.

Risk Warning

Use of BitMart services is entirely at your own risk. All crypto investments, including earnings, are highly speculative in nature and involve substantial risk of loss. Past, hypothetical, or simulated performance is not necessarily indicative of future results.

The value of digital currencies can go up or down and there can be a substantial risk in buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance. BitMart does not provide any investment, legal or tax advice.

Thank you for your support! 

BitMart Team

Aug. 8, 2024