LBank to Launch MOYU Staking, Annualized Return up to 80%

LBank Exchange
Oct 16, 2020

Dear LBank users

LBank will launch MOYU Demand Deposit and Fixed Deposit. The details are as follows:

  • Demand Deposit

Participation Time: 10:00 on Oct 19, 2020 (UTC+8)

Support Asset: MOYU

Currency based income: 30% (Floating)

Maximum Interest-bearing Amount: with no limit

Minimum Interest-bearing Amount: 100 MOYU

Participation Method: users need to register the assets in the “Demand Deposit “ page.

* Assets registered in “Demand Deposit” do not affect trading or withdrawal. After registration, the assets has been trading or withdrawn will not enter interest calculation of the day.

* The freezing assets due to orders and participation in activities does not affect the interest calculation of demand deposit assets.

Revenue settlement: T+1 calculates interest, T+2 pays interest.

  • Fixed Deposit

Participation Time: 10:00–12:00 on Oct 19, 2020 (UTC+8)

Support Asset: MOYU

Lock-up cycle: 30 days

Annualized Return: 365% (Floating)

Capital:5,000,000MOYU

Minimum Interest-bearing Amount: 500MOYU

Participation method: Participate through the “Staking”-”Fixed deposit” page, first come, first served

Revenue settlement: T+1 calculates interest, T+2 pays interest.

Unlocking time: After the lock-up time meets the lock-up days, the system will automatically unlock

※ End the lockup period, repay capital and interest. Does not support advance unlocking, until the lockup is finished.

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LBank Exchange
LBank Exchange

Written by LBank Exchange

LBank (https://www.lbank.com/) —The World’s Leading Digital Asset Exchange.

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