What is Onchain Earn?

What is Onchain Earn?

Onchain Earn is a BloFin Earn product that pays daily rewards on cryptocurrencies you already hold. Choose a crypto, enter an amount, and confirm your subscription. Rewards are calculated daily based on the crypto’s applicable APR and credits them to your Spot Account, where they’re available to trade, transfer, or withdraw. Your subscribed crypto remains in the pool and continues earning rewards until you redeem them.

What makes Onchain Earn different?

Daily rewards

Earn rewards every day on the crypto you subscribed to, credited directly to your Spot Account.

Flexible redemption

Redeem your subscribed crypto when you choose, with fast or standard redemption available depending on the crypto.

No subscription or redemption fees 

Subscribe and redeem without additional fees.

How are my daily rewards calculated?

Daily rewards = Subscription amount × Floating APR ÷ 365. Daily rewards are rounded to 8 decimal places. The APR is variable and may change daily.

How and when are rewards distributed?

If you subscribe before 08:00 UTC, rewards start accruing at 08:00 UTC that day. If you subscribe at or after 08:00 UTC, rewards start accruing at 08:00 UTC the following day. Accrued rewards are distributed to your Spot Account daily at 08:00 UTC on D+1, rounded to 8 decimal places. Distributed rewards do not compound into your subscription principal.

How does redemption work?

We offer fast redemption and standard redemption. Fast redemption is available for selected cryptocurrencies and allows you to receive part of your funds sooner. Fast redemption availability is shown on the subscription and redemption pages.

Standard redemption has no quota limit but is subject to the standard waiting period. If fast redemption is unavailable, standard redemption rules apply. Most cryptocurrencies have a redemption period, which varies by crypto. You won’t earn Onchain Earn rewards during this period.

What happens if my redemption amount exceeds the fast redemption quota? 

Your redemption will be split automatically. The amount within the quota is processed through fast redemption, while the remaining amount will follow the standard redemption waiting period and appear as Redeeming in your holdings until the funds arrive.

Can I cancel a redemption after confirming it? 

No. Once a redemption is confirmed, it cannot be canceled or reversed.

Is there a minimum or maximum subscription amount? 

Yes. Each crypto has its own minimum and maximum subscription limits. Check the crypto product page for details.

Are there any subscription or redemption fees?

No. Onchain Earn has no subscription or redemption fees.

How long is the waiting period for standard redemption?

The waiting period varies by crypto. Check the crypto product page for specific redemption details.

What cryptocurrency are my rewards paid in?

Rewards are paid in the same cryptocurrency you subscribe with. For example, if you subscribe with ETH, you’ll receive your rewards in ETH. 

Can I use APR Boosters with Onchain Earn subscriptions?

No. An APR Booster can only be used with selected Simple Earn subscriptions.