Crypto Earn Updates: New Tier Added and Revised Rates for Flexible-Term Allocations
Effective from 1 June 2022
Due to the rapid scaling of our platform, we will be making further adjustments to Crypto Earn rewards program across the globe to ensure its long-term sustainability in the current market environment.
Effective from 1 June 2022, 10:00 UTC, we will be introducing changes to the Crypto Earn tiered rewards structure. Users will access rates based on the total value of their Crypto Earn assets allocated to fixed terms (1 Month and 3 Months) as listed below:
Effective 1 June 2022, 10:00 UTC for fixed-term allocations
| Tier | Quota based on fixed-term allocations | Applicable rates |
|---|---|---|
| Tier 1 | The first US$3,000 | Full rewards rate |
| Tier 2 | US$3,000 to US$30,000 | 0.5x of Tier 1 rate |
| Tier 3 | Subsequent allocations | 0.3x of Tier 2 rate |
The rates for the new tiers are only applicable to allocations placed from the effective date onwards. The rewards rates for allocations that have already been placed will remain unchanged, and Crypto.com Private users (Rose Gold, Icy White, and Obsidian cardholders) will still be entitled to an additional 2% p.a. on fixed-term allocations (not applicable to CRO).
Example for Bitcoin 3-month fixed-term rewards:
| Tier | Quota based on fixed-term allocations across tokens | Applicable rates | BTC reward rates for users with CRO lockup* amountUS$400 or less | BTC reward rates for users with CRO lockup* amount US$4,000 or more | Reward rates for Crypto.com Private users(additional 2% p.a. paid in CRO) |
|---|---|---|---|---|---|
| Tier 1 | The first US$3,000 | Full rewards rate | 3.00% | 4.00% | 4.00% in BTC + 2.00% in CRO |
| Tier 2 | US$3,000 to US$30,000 | 0.5x of full rewards rate | 1.50% | 2.00% | 2.00% in BTC + 2.00% in CRO |
| Tier 3 | Subsequent allocations | 0.3x of Tier 2 rate | 0.45% | 0.60% | 0.60% in BTC + 2.00% in CRO |
In addition to the new tiers, the rewards rates for flexible-term allocations will also be revised. The full list of new rates by coins can be obtained here.
Users seeking more attractive yield opportunities can download the Crypto.com DeFi Wallet and explore DeFi staking options. Cronos Chain in particular attracted over $4b in TVL in the last couple of months and maintains strong growth with over 200 projects built on top of it, many of which offer attractive yield.
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