1. What is APR Booster?
APR Booster allows you to enjoy higher interests on specific subscription product for a certain period.
2. How to obtain APR Booster?
Stay tuned for upcoming Wealth events where eligible users can obtain APR Boosters.
3. How do I calculate my interests with boosted rate?
As the boost rate is annualized, when you subscribe to a Wealth product, the boosted rate is added to the original APR for interest calculation. For example: You invest 2,000 USDT in a 30-day Wealth product with a 7% APR. You used a 10% APR Booster with a quota (Max Boost) of 1,000 USDT for 10 days. Your original interests generated upon maturity would be 2,000 x 30 x 7% ÷ 365 = 11.5068 USDT. Additionally, the APR Booster used will generate 1,000 x 10% x 10 ÷ 365 = 2.7397 USDT. Your total interests would be 11.5068 USDT + 2.7397 USDT = 14.2465 USDT.
4. Are there quota limits on APR Booster?
Yes, there are quota limits, known as Max Boost. The default unit is USDT. When subscribing, the quota for the corresponding crypto will be converted to USDT equivalent based on the market price. For example: You used an APR Booster with a quota of 1,000 USDT to subscribe to BTC on Wealth. Your quota limit will be converted based on the market price of BTC. Assuming that the market price of BTC is 26,888 USDT, the quota limit for your APR Booster would be approximately 0.0372 BTC.
5. If I use a 3-day APR Booster on a 1-day Wealth product, will my interest be boosted for one day only?
Yes. When the APR Booster's effective period exceeds the product's term, your interest rate will be boosted for a duration equaling the product's term.
6. Can I use an APR Booster multiple times?
No. Each APR Booster is valid for single use on 1 Wealth product only.
7. Does APR Booster expire?
Yes, APR Booster do come with expiration dates. If not used within the specified period, they will no longer be valid.