Dynamic Earn Fees, Processing Times & Limits

Flipster’s Dynamic Earn offers users a flexible and secure way to grow their crypto holdings by earning interest in a decentralized finance protocol. Understanding the fees, processing times, and limits will help you make informed investment decisions.

1. Product Overview

• Type: Floating interest product
• Period: Flexible (up to specified cap)
• Provider: Ignight Capital
• Subscription Token: USDT
• Yield Bearing Token (YBT): IGNUSDT
• Exchange Rate: YBT price tied to NAV
• Reward Currency: USDT
• Reward Payout: Upon redemption
• Used as Collateral: Yes

2. Fees

• Subscription Fees:
  No subscription fee is applied. The full amount invested is allocated.
• Redemption Fees:
  • Standard Redemption: No fee is charged.
  • Instant Redemption: A 0.25% fee is applied to the redeemed amount.

• Network Fees:
  Since transactions involve blockchain interactions, network fees may apply. These fees are paid to the blockchain and vary based on network congestion.

• Management/Performance Fees:
  Any fees affecting NAV are excluded from the YBT price to ensure transparency

  Note: All applicable fees are clearly displayed before you complete any redemption.

3. Processing Times

Dynamic Earn supports both Standard Redemption and Instant Redemption.

• Standard Redemption:

  • Processing Time: 1–2 business days
  • Capacity Limit: None
  • Reward Payout: Rewards are automatically claimed upon redemption
  • Best For: Users who do not require immediate access to funds

• Instant Redemption

  • Processing Time: Immediate
  • Capacity Limit: Subject to available liquidity
  • Reward Payout: Rewards are automatically claimed upon redemption
  • Best For: Users who require immediate access to funds

Important Notes:

• Interest begins accruing no later than the next business day.
• Redemption times may vary depending on DeFi protocol and network conditions.

4. Limits

• Minimum Subscription: 10 USDT
• Minimum Redemption: 10 USDT
• Personal Quota (Subscription): No personal quota limit
• Maximum Subscription Quota: 10,000,000 USDT

5. Yield Bearing Token (YBT) Mechanism

• YBTs (IGNUSDT) are minted upon subscription and burned upon redemption.

• YBT price is determined by NAV / YBT supply.

• NAV updates daily at 06:00 UTC, excluding any applicable fees.

• Rewards accrue as unclaimed earnings and are automatically claimed when you redeem.
   

6. Summary Table

Dynamic Earn on Flipster provides a flexible, transparent, and efficient way to grow your crypto holdings. By understanding fees, processing times, and limits, you can optimize your investment strategy while enjoying the security and convenience of Flipster.