Interest is compounded and paid out daily at midnight 0:00 AM Singapore Time (SGT), UTC +8. The rates may differ based on the stablecoin currency and your respective Earn balances.

These are the current rates:

1. USDC

2.0% APY on whole USDC Earn balance
APY (annual percentage yield) takes into account the effect of compounding. This means that with daily compounding, an initial 100,000 USDC in your Earn balance will work out to 102,000 USDC after a year.

2. XSGD

4.0% APY for first 750,000 XSGD, and 2.5% APY thereafter

For example, if you have an Earn balance of 1,000,000 XSGD, you will be earning interest at 4.0% APY on 750,000 XSGD of your balance and 2.5% on the remaining 250,000 XSGD.