Access the Earn product via the Xfers Account dashboard. Transfer funds from your Xfers Account into your Earn Account to start accruing interest.
When you transfer funds from your Xfers Account into your Earn Account, Singapore Dollars in your Xfers Account will be automatically converted one-for-one into XSGD stablecoins that are credited to your Earn balance.
Earn is offered by Xfers Invest Pte. Ltd. (”XIPL”), which is an affiliate of Xfers Pte. Ltd. XIPL deploys the XSGD from your Earn balance into decentralized finance (DeFi) protocols that generate yield through activities such as swaps or lending. XSGD may be converted to other USD stablecoins for this purpose.
You will earn interest at the specified rate on the XSGD in your Earn Account balance. At any time, you may request to redeem the XSGD in your Earn Account (including earned interest) one-for-one for Singapore Dollars back into your Xfers Account.