- What is Yield?
- Yield is a functionality that enables users to obtain a return on their idle assets while preserving the flexibility for instant trading and withdrawals. Users will receive yield payments as specified in MAX’s Current Annual Percentage Rate for forming a loan contract with MAX. MAX will settle the yield payments on a daily basis in accordance to the applicable annual yield rate at the time of the settlement. To learn more, please refer to our Yield Service Agreement (“agreement”).
- What are the protections of user rights?
- MAX will assume liabilities for its activities associated with the assets (except for conditions specified in the agreement) and distribute yield to qualified users pursuant to the agreement and the latest current annual yield rate.
- Is the expected annual yield rate a fixed rate ?
- The expected annualized rates vary by currency. You can visit https://max.maicoin.com/yield for the latest annual percentage rate.
- How to enable Yield?
- On App: Go to “Profile” > “Gain Yield on Idle Assets” > Turn on the settings for the coins you’d like to gain yield on > Agree to the yield service agreement > Start accruing daily yield.
- On Web: Click on your account name / email > Enter “Preference” > Look for “Gain Yield on Idle Assets” section > enable the coins you’d like to gain yield on > Agree to the yield service agreement > Start accruing daily yield.
- web URL: https://max.maicoin.com/preference
- Can I choose the amount allocated for yield accrual and is there a cap for yield?
- Yield only supports on/off toggle for its settings. The principal for yield accrual is calculated as 'Available Balance × Yield Assets Allocation Ratio.' MAX determines this ratio daily based on market conditions, supply and demand, and risk management requirements, and reserves the rights to modify these conditions at its discretion any time.
- Who is qualified for this feature?
- Any users with account level of Level 1 or above can access this feature.
- Yield is only applicable to assets in spot wallets.
- Yield settings can be changed once every 24 hours. If users modify the settings before the yield is distributed, users will lose the payment of the day as the minimum available amount is considered zero.
- Please note: If you’re downgraded to Level 0 due to identity verifications, you won’t be able to receive yield until your account level returns to Level 1 or Level 2.
- Does Yield affect my ability to utilise my assets?
- No. Your ability to utilize your assets remains unaffected. Regardless of the 'Yield Assets Allocation Ratio' for the day, your total balance (including the portion not allocated for yield accrual) remains fully accessible for instant trading or withdrawals and will not be locked.
- How is yield calculated ?
- Amount for daily yield accrual: The minimum available amount (excluding the locked balance) of the day * Yield Assets Allocation Ratio.
- Period for calculation: 00:00 - 23:59 (UTC+8) daily.
- Distribution of yield: Distributions are expected to occur at 6:30am (UTC+8) the next day.
- Expected yield: applicable amount for yield calculation * expected annual yield rate * Yield Assets Allocation Ratio * duration (1 day) / 365 days (1 year).
- Example:
- If you have a balance of 100,000 USDT and the Yield Assets Allocation Ratio of the day is 80%, the applicable amount for yield calculation will be 80,000 USDT. Your accrued yield of the day will be: 80,000 * 1% * (1 / 365) = 2.19178082 USDT.
- MAX stipulates the minimum amount for yield calculations. If users’ applicable amount for yield calculation falls below the following minimum amount requirement, there will be no payments distributed:
- USDT: at least 1 USDT
- USDC: at least 1 USDC
- BTC: at least 0.00 BTC
- ETH: at least 0.001 ETH
- Please note: Yield payments will be rounded down to the smallest decimal places supported by the coin.
- How do I choose the currency for yield distribution?
- Each idle asset (e.g., USDT, BTC) will have its own toggle and payout currency setting. The default payout is in MAX Token, but you can customize each asset’s settings individually.
- Do different payout currencies have different APYs?
- Each payout currency has its own APY, which you can view and select on the page.
- Can I switch payout currencies anytime?
- Yes. Payout currency can be adjusted anytime and will be distributed based on settings at settlement.
- What’s the terms of Yield?
- Can I enable newly supported coins by default in the future should they become available for Yield?
- Yes. When you agree to the terms specified in Yield Service Agreement, you are indicating that that you’d like to accrue yield on coins that might be available in the future. This means once new coins become available in Yield, participating users’ Yield setting are enabled by default. If users decline to participate, users are free to disable the settings anytime.
- Please note: Once you enable/disable Yield for the selected coin, there’s a 24 hour waiting period for further setting modifications of that coin.
- What is the "Yield Assets Allocation Ratio?
- MAX determines the Yield Assets Allocation Ratio based on current market conditions, supply and demand, and risk management requirements. When you enable the yield function, your daily yield is calculated using your Available Balance × Yield Assets Allocation Ratio as the principal. This ratio is adjusted daily.
- Can I check the historical yield rates and the historical allocation ratios?
- Yes. You can view the history of yield APR and yield allocation ratios on the "Fees, Limits & Rates" page.
- Yes. You can view the history of yield APR and yield allocation ratios on the "Fees, Limits & Rates" page.