WOO Earn allows users to deposit their tokens for a specified term and earn interest on their holdings. Currently, we only support fixed-term vaults, but more vault types are in the release pipeline and will be available soon.
To check if your country/region is supported, please visit ▶ List of unsupported countries/regions.
How to access Earn?
To access the Earn page:
- On the web app, go to the left-hand side of the window and select Staking > Earn. Alternatively, you can directly visit https://x.woo.org/en/staking/earn.
- On the mobile app, go to Home and tap either Earn on the quick access bar or [Earn more] on the Earn wallet balance tab.
How do I start earning with Earn?
Simply deposit your preferred amount of subscription to the Earn vault of your preference. Generally, your assets will start earning yield from 00:15 UTC on the day after your successful subscription. However, some products might have different terms. Please refer to the relevant terms and help articles for more information.
Where does the yield come from?
Transparency is a top priority for WOO X, and the platform aims to provide total clarity regarding the source of yields. Our yield source varies, depending on the nature of the Earn vault.
(1) Lending vaults: Yields come from fixed-term loans with fixed borrowing rates. For USDT, BTC, ETH and BNB specifically, these loans are provided to our designated market maker, Kronos Research, on WOO X. They supply liquidity within WOO X and execute market-neutral trading strategies where needed. The borrowing interest is then redistributed to the users.
(2) Real-world asset vaults: The yield comes from U.S. Treasury Bills custodied in Tier 1 financial institutions. Powered by OpenTrade and Circle, the dollar-backed subscription is utilized for investing in these real-world assets. This results in stable and predictable returns that are not tied to the price fluctuations and market trends of cryptocurrencies.
(3) Yield farming vaults: These are typically funded by the listing project and/or WOO X ecosystem initiatives, in order to encourage widespread adoption of the new tokens.
Where can I check my Earn related balance and history?
To access your Earn related balance and history, visit it from the Wallet section: [Wallet > Earn].
If you encounter recurring failed transactions related to Earn, please reach out to our Customer Service team for more assistance.