What is DeFi?
DeFi (Decentralized Finance) is a way of providing financial services to users through smart contracts. Existing DeFi projects aim to provide higher annualized earnings for specific currencies.
About Coin&Coin DeFi Staking
There's a relatively high threshold for users of DeFi products. Coin&Coin DeFi Staking acts on behalf of users to participate in certain DeFi products, obtains and distributes realized earnings, and helps users to participate in DeFi products with a single click.
What are the advantages of Coin&Coin DeFi Staking?
Easy to use: You don't need to manage private keys, acquire resources, make trades, or perform other complicated tasks to participate in DeFi Staking. Coin&Coin's one-stop service allows users to obtain generous online rewards without having to keep an on-chain wallet.
Funds are safe: Coin&Coin selects only the best DeFi projects in the industry and monitors the DeFi system in real-time while it's running in order to reduce the risks associated with such projects.
Higher earnings: DeFi Staking does away with the exorbitant fees that come with trading capital. With the consistent level of risk, users are able to earn the highest possible returns in the best way.
After I participate in DeFi Staking, how is the earnings cycle calculated?
Earnings are calculated from the first 6:00 (GMT) of the day after a successful lockout, and the previous day's earnings are calculated every day at 6:00 (GMT). The minimum earnings calculation period is one day; earnings for a period of less than one day will not be included in the earnings distribution.
How long do I need to lock-up my funds to participate in DeFi Staking?
Currently, the lock-up period for regular products is 14 day. Funds will be unlocked and returned to your account on T + 1. However, as we add support for more types of products, the lock-up periods will vary. Lock-up periods for different products will be specified in the information on the product interface.
How to calculate the annual percentage rate (APR) ?
The annual percentage rate (APR) is a hypothetical rate of return derived based on the rate of return. The calculation formula is: Yesterday’s annual percentage rate (APR) = Yesterday’s interest rate * 365
Does Coin&Coin bear the losses if an on-chain contract is attacked during DeFi Staking?
No. Coin&Coin only acts as a platform to showcase projects and provide users with related services, such as accessing funds on behalf of the user and distributing earnings, etc. Coin&Coin does not bear any liability for losses incurred as a result of on-chain contract security.