UPay Savings FAQ

1. What is UPay Savings?

-UPay Savings is a new investment product on UPay Savings that offers both fixed product terms.(flexible-term products to be introduced in the future) UPay Savings supports BTC, ETH, USDT and USDC, while providing competitive and guaranteed APRs.

2. How is yield generated for Savings products?

-Yields for UPay Savings products are generated from UPay loan activities.

3. Can it be redeemed in advance?

-Upon maturity of the product, your principal will be automatically transferred to your Savings account. Some Fixed Savings products support early redemption.
*Note that earky redemption may result in the Earn interest being lost (actual redemption is subject to the rules on the page).

4. Can I compound my yield?

-Currently, yield compounding is not available. Yield from Fixed Savings will not be reinvested automatically to generate additional yield.

5. What are the advantages of Fixed Savings?

-Low Risk: Your locked assets will be returned, along with any profits earned.

-High APR: Receive higher yields than Flexible Savings.

-Flexible Investment: Put your idle crypto to work for a fixed period of 7,15,30 or 60 days.

6. Yield Distribution Time

Flexible Term

-Daily Yield: The annualised yield rate varies based on the token type and market conditions.

-Yield Calculation and Distribution: Yield is calculated starting the next day (T+1) and distributed daily at 6:00 AM (UTC+0) to the investment account.

-Flexible Subscription and Redemption: You can subscribe to or redeem assets at any time. Yield begins accruing from the next day (T+1).

-Yield Rules: Assets must be staked for a full 24 hours to earn yield. If assets are withdrawn or redeemed before 12:00 PM (UTC+0) on the same day, no yield will be earned for that day. The principal and yield will be automatically credited to your wallet account at 10:00 AM (UTC+0) the next business day.

Fixed-Term

-Daily Yield: When purchasing a plan, both the lock-in period and the annualised yield rate are fixed.

-Yield Calculation and Distribution: Yield is calculated starting the next day (T+1) and distributed daily at 6:00 AM (UTC+0) to the investment account.
-Yield Rules: After the lock-in period ends, the principal and yield will be automatically credited to your wallet account at 10:00 AM (UTC+0) on the following day.