Overview
BVNK Earn enables you to earn returns on idle stablecoin balances in your BVNK account. By opting in and allocating funds, you receive daily rewards on supported digital assets without restricting your capital.
How Earn works
When you allocate funds to Earn, BVNK calculates rewards daily based on your balance. Rewards are automatically deposited into your rewards wallet, enabling you to compound returns over time.
Your funds remain fully accessible, with no lock-up period or minimum allocation amount. You can withdraw your funds from your rewards wallet to your standard wallet at any time.
Supported currencies
The Earn programme currently supports USDC. To participate, convert any fiat or other cryptocurrencies to USDC before allocating funds.
Reward calculation and payouts
Rewards are calculated daily based on your Earn balance. The payout schedule varies by currency:
- USDC: rewards are paid out 8 business days after the end of the month.
If you opt in or out mid-month, your rewards are prorated based on the exact number of days your funds were allocated during that month.
Reward rates
BVNK does not charge a separate monthly fee for Earn. The Annual Percentage Yield (APY) shown in your dashboard is your net rate. Refer to the Earn tab in the BVNK Portal for current rates.
Fund safety
Customer funds with BVNK are held for the benefit of the customer and kept separate from BVNK's own funds. BVNK either holds these funds within its infrastructure or with trusted third-party custodians. Opting in to Earn does not change this arrangement.
Your funds remain unencumbered and will not be sold, lent out, hypothecated, or re-hypothecated.
How to get started
To begin earning rewards in the BVNK Portal:
- Go to the Earn tab in the sidebar. If you do not see it, contact your Account Manager to enable the feature.
- Click Allocate funds to deposit USDC into the programme.
- Once allocated, rewards begin accruing from the next calculation cycle.
To withdraw, click Withdraw on the Earn tab. Your funds will be returned to your standard wallet immediately, with no delay or penalty.
Tracking rewards
The Earn tab includes a dedicated rewards dashboard where you can monitor:
- Total rewards earned: converted to your base currency for easy reference.
- Current funds earning rewards: the live balance allocated to the programme.
- Transaction history: a log of all deposits, reward payouts, and withdrawals.