Dear Hotbit users,
In order to enhance the user experience in the investment area, Hotbit has updated the following content in the investment area on September 29th, 2021:
- All investment products in the investment area will display two percentage rate: APY / APR（Annual Percentage Yield/Rate） and Daily APR（Daily Annual Percentage Rate）;
- POS, DEFI and incentive Plans products will be marked as: APY and Daily APR. The APY calculation method: APY=(Daily APR+1)^365-1;
- LENDING and Quantitative products will be marked as: APR and Daily APR. The APR calculation method: APR=Daily APR*365;
- When the interest calculation of products marked as APY (POS, DEFI and incentive Plans) is updated at 08:00 AM UTC every day, the principal amount = the total interest as of yesterday + the initial purchase amount;
- The income description at the bottom of each product page has been updated, please pay attention to the page in time.
Thanks for your support to Hotbit!
September 29th, 2021