Hello Phemex users,
We have good news for you! You can now apply for early redemption on Fixed period products within Earn Crypto. Please note that only full redemption is supported for early redemption. Therefore partial redemptions are not possible.
You can get 70% of your current fixed interest income with early redemption. In order to calculate how much fixed interest income you’ve gained at any given time, please refer to the calculation method below:
Subscription Amount x Current Income x 70% x Actual Days / 365
The time frame during which you can redeem early lasts from 1 day after your initial subscription to 1 day before your subscription ends.
Note that subscriptions made before 12:00 UTC, T+1 can be redeemed in advance. However for subscriptions made after 12:00 UTC, T+2 can be redeemed in advance.
Here is an example:
Users can subscribe before 12:00 UTC on the 15th, and can click to redeem early on the 16th. Assuming that they redeem before 12:00 UTC on the 18th, the income will be distributed on the 19th. If users subscribe after 12:00 UTC on the 15th, they can then click to redeem in advance on the 17th. Assuming that they redeem after 12:00 UTC on the 18th, then income will be distributed on the 20th.