Introduction to Crypto Defi: Flexi Max (HTX)

in crypto •  5 months ago  (edited)

HTX Crypto Exchange has a range of different DeFi Products (De-centralised Finance) and Flexi Max is one of the interest ones.

[caption id="attachment_156021" align="alignnone" width="1643"]The Crypto Defi from HTX Exchange: All the Flexi Maxi Products The Crypto Defi from HTX Exchange: All the Flexi Maxi Products[/caption]

TLDR; you can transfer your Crypto coins (e.g. USDT) and subscript to Flexi Maxi product.

[caption id="attachment_156023" align="alignnone" width="783"]USDT Flexi Maxi Defi from HTX Crypto Exchange USDT Flexi Maxi Defi from HTX Crypto Exchange[/caption]

After subscription, you can withdraw your funds at any time, however, different rates apply, if you hold your funds longer than 365 days, there is no fees.
[caption id="attachment_156022" align="alignnone" width="786"]The Redemption Rate of Flexi Maxi USDT The Redemption Rate of Flexi Maxi USDT[/caption]

Compared to Flexible Defis where you can withdraw the funds anytime without any penality, the Flexi Maxi offers a higher interest rates. Compared to Fixed Defis, where you cannot withdraw (redemption) before the mature, Flexi Maxi allows you to withdraw, at the cost of some fees. The longer your funds stay in the pool, the more interests and less redemption rates. For Flexi Maxi, the funds are not locked compared to Fixed.

Here is the detail comparisons:

PlanProsCons
Flexible Redemption anytime Lower interest rates
Fixed Higher interest rates Funds are locked before mature
Flexi Maxi Higher interest rates
Funds can be redeemed
Higher redemption fees if withdraw in short amount of time

HTX Flexi Maxi Subscription Amount


Min amount of this subscription = max((Min investment amount - Your holdings), Min amount per order). The requirement of minimum investment amount applies to subscription, but not to redemption.

Example: If the min investment amount is 250,000 USDT:

  • A user must deposit at least 250,000 USDT when subscribing to the product for the first time.
  • If a user deposits 300,000 USDT, the user can redeem only a portion, say 200,000 USDT. After redemption, the remaining holdings become 100,000 USDT, lower than the minimum investment amount required.
  • The user must deposit at least 150,000 USDT when subscribing to the product again.

Earn High Yields for Large, Long-term Investments


Actual earnings at redemption = Interest - Redemption fee
Holding period = Current date - Date when interest accrues

Interest begins to accrue on the day following the subscription date (UTC+8).

What's the tiered redemption fee rate?


The redemption fee rates for a Flexi Max product vary depending on the holding period.

Redemption fee rates:

USDT Holding Period

  • Fee Rate 0 ~ 180 Days, 0.5% USDTv
  • Fee Rate 180 ~ 365 Days, 0.3% USDT
  • Fee Rate > 365 Days, 0% USDT

For example:

  • A holding period of 120 days corresponds to a redemption fee rate of 0.5%. If you redeem 10,000 USDT, your redemption fee will be 50 USDT (= 10,000 USDT * 0.5%)
  • A holding period of more than 180 days lowers the redemption fee rate to 0.2%. If you redeem 10,000 USDT, your redemption fee will be 20 USDT (= 10,000 USDT * 0.2%)

Earning a higher interest rates is one of the Passive Income. However, it is still risky to have coins in the Crypto Exchanges (since most exchanges are centralize aka CEX). So the Flexi Maxi is attractive to investors since they can earn a higher rates and also the funds can be redempted at a small cost.

Crypto DeFi (Decentralize Finance)

Please Note: This is not a Financial Advice!. Crypto Investments are risky. Dont' Invest Unless You Do Your Own Research!

--EOF (The Ultimate Computing & Technology Blog) --

Steem to the Moon🚀!

Reposted to Blog

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE BLURT!
Sort Order:  
Thank you for sharing such great content!
Congratulations on your post in #blurt-131902 or #blurtconnect
Blurt to the Moon
Most welcome Votes for our community Witness Here
Your publication has been manually upvoted by @oadissinOfficial Blurtconnect-ng Page
Please delegate Blurt power to @blurtconnect-ng and help support this curation account
Also, keep in touch with Blurtconnect-ng family on 

Telegram and Whatsapp