● What is DeFi?
The term DeFi stands for “Decentralized Finance”. Unlike CeFi (Centralized Finance), our existing monetary system, DeFi provides users with decentralized financial services through smart contracts on a blockchain.
A Decentralized Finance (DeFi) Aggregator brings together popular and quality DeFi projects into one platform to help users get the best rates and the most diversified options for investments. AAX Exchange works to provide the best DeFi mining projects through a rigid screening process. It offers proxy asset access, revenue distribution, and other related services to users. It does not bear any losses due to smart contract security issues on the project chain.
● What are the advantages of AAX DeFi Staking?
1）AAX aggregate mining has 0 GAS fees, however individual mining needs to pay expensive mining fees.
2）The AAX platform aggregates the assets of all users for mining, which greatly reduces the threshold for individual users to participate;
3）AAX selects high-interest and high-quality mining platforms to enjoy super-high interest rates while being safe and secure;
4）Users only need 30S one-click participation to enjoy high profits. AAX's one-stop service allows users no need to perform the complicated process to participate in DeFi Staking.
● After I participate in DeFi Staking, how is the earnings cycle calculated?
Once funds are successfully allocated to Locked Staking, earnings are calculated beginning at 00:00 (UTC) the following day. The minimum earnings calculation period is one day; earnings for a period of less than one day will not be included in the earnings distribution. The subscription/additional purchase/redemption on the same day does not accrue interest.
For example, if user A subscribes for 500 USDT on October 1, then the interest-bearing share on October 1 is 0; the interest-bearing share on October 2 is 500 USDT; if 200 USDT is redeemed on October 3, the interest-bearing share on October 3 is 300 USDT.
● How to determine the rate of return?
AAX sets a daily dynamic rate of return based on daily mining output. Due to the volatility of mining revenue, the rate of return may be negative.
● How to distribute the interest?
The daily interest is calculated at 24:00 (UTC). As the income to be distributed, it will be credited to AAX savings account together with the principal when it is redeemed. The income to be distributed is also calculated into the daily interest-bearing share.
● How to calculate the daily interest-bearing share?
Daily interest = interest accrual amount on the day * APY/365
Interest accrued amount on the day = total holdings amount on the day - purchase/additional purchase amount on the day + income to be distributed (if ≤ 0, no interest will be accrued on the day)
Interest accrued amount on the day
The undistributed income after the interest is settled on the day
Additional purchase 200
Additional purchase 500
Additional purchase 300，redeem 400
* When redeemed on the Date 4th, the principal 400 and undistributed income 0.01369112 are redeemed.
● How long does it take for the redemption to arrive?
It will be credited to your AAX savings account immediately upon redemption.
● Does AAX bear the losses if an on-chain contract is attacked during DeFi Staking?
No. AAX only acts as a platform to showcase projects and provide users with related services, such as accessing assets on DeFi projects through a proxy and distributing earnings, etc. AAX does not bear any liability for losses incurred as a result of on-chain contract security.
● What is Defi fixed period?
"Fixed period" refers to digital assets locked for a fixed period of time. "Fixed period" can get higher returns than "flexible period". Although "Fixed period" can also be redeemed in advance, if you want to redeem the locked assets early, the time to unlock the account needs T+1, and the profit during the lock-up period will be deducted.
Note: During the lock-up period, it means that the asset has proposed the platform to participate in the project of the block network. Therefore, withdrawal and trading are not supported, and users will no longer receive the profit or rebate of holding positions on the platform.
● Fixed period mining interest calculation rules?
Mining on T day, the profit will be calculated on T+1 day; The profit is calculated according to the profit rate when the mining order is successfully placed;
● How long does it take to arrive when the redemption is initiated?
Flexible period: Arrived immediately upon redemption.
Fixed period: Early redemption will deduct all interest income, and T+1 is required to reach the account.
Redemption at maturity: the day after the project expires, the mining amount and flexible period income are automatically redeemed back to the spot account.
● How do I use “Change from flexible mining to fixed mining automatically on maturity” function?
For fixed mining projects, you can turn on the function of "Change from flexible mining to fixed mining automatically on maturity" when subscribing. After it is turned on, you can choose a changeable fixed or flexible project. After the fixed project expires, the mining volume and income will be automatically changed to the flexible mining project of the token that has been set, and realize the idle funds savings.
● What is DeFi Dual Coin?
Users need to pay the same amount of coins corresponding to the value of the DeFi investment at the same time. The calculation rules, interest accrual and other methods remain the same. For example: Daily Interest = Current Day's Interest Amount * APY / 365 Interest amount accrued on the day = total amount held on the day - subscription/addition amount on the day + earnings to be paid (if ≤ 0, then no interest will be accrued on the day) *One thing to pay attention to is that when redeeming DeFi Dual Coin, only full redemption is supported. And, automatic renewal is not supported. This is due to the fluctuation of the coin price which causes the difference in the value of the corresponding quantity of the two coins.