News

Steaker Portfolio Adjustments Notice

Mar 7, 2022by Steaker

In order to reflect the actual market conditions, Steaker will adjust the fixed APY, investment thresholds, and period options of Fixed-Rate, Variable-Rate, and Super Saving Portfolios on 2022/03/10 at 16:00 (UTC+8). As the investment thresholds have been lowered, users can get started on crypto investment easier.

The original subscriptions will continue until maturity dates and will not be affected by the latest adjustments. However, the system will cancel the “auto-renew” setting for all subscriptions of Fixed-Rate portfolios upon maturity, and users will need to redeem assets manually. For more details, please carefully read the following descriptions.

Fixed-Rate Portfolio

  • Fixed APY: 5.2% / 5.4% / 5.8% for 7-day / 1-month / 3-month period
  • Min. Investment: Lowered from 500 USDⓢ to 100 USDⓢ

Variable-Rate

  • Min. Investment: Lowered from 3,000 USDⓢ to 500 USDⓢ
  • Period: Remove the “3-year” option, and add the “1-month” option

Super Saving Portfolio

  • Fixed APY: Increased from 33% to 42%
  • Min. Investment: Originally fixed at 1,000 USDⓢ, now users can choose any amount between 100 USDⓢ~500 USDⓢ
  • Period: Shortened from 1-month to 7-day

Note

  • The users who register an account before 2022/03/07 16:00 (UTC+8) and meet the following qualifications, including first purchase and complete verification within 14 days, can subscribe to the 33% Super Saving Portfolio, no matter completing verification by 3/7 or not.
  • The users who register an account after 2022/03/07 16:00 (UTC+8) and meet the following qualification, including first purchase and complete verification within 14 days, are available to subscribe to the 42% Super Saving Portfolio.
  • The adjustments will come into effect on 2022/03/10 at 16:00 (UTC+8). Therefore, if users register and complete verification during 3/7 16:00~3/10 15:59 (UTC+8), they are not eligible for the 33% Super Saving Portfolio and will have to wait until 3/10 16:00 (UTC+8) to subscribe to the new 42% Super Saving Portfolio.

Steaker Portfolio Adjustments Notice was originally published in Steaker on Medium, where people are continuing the conversation by highlighting and responding to this story.