Frequently asked questions

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What is Earn?

Clanz Earn is a way to earn passive income from your digital cryptocurrency assets using our flexible savings (coming soon) and locked staking products.

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How can I access Earn?

Earn is currently in beta mode available via the web, and will be coming soon to Clanz iOS and Android apps.

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What is Locked Staking?

Clanz Locked Staking is like term deposits for cryptos. Where you lock in your deposited or ‘staked’ digital assets for a defined period in return for rewards.

Your locked digital assets will be used to support Proof-of-Stake (PoS). PoS is a consensus mechanism that selects block validators based on the number of tokens they stake. Generally, the rewards are proportionate to the number of tokens staked, meaning users who stake more tokens can receive higher rewards.

When you subscribe to Locked Staking, the required amount will be deducted from your wallet. Locked Staking will return the staked assets and rewards to your wallet at the end of the agreed period. Your staked token count is protected, however, the fiat value of your staked tokens may fluctuate due to market conditions, and the reward amount is subject to change.

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What is Flexible Savings? (Coming soon)

Clanz Flexible Savings is like a savings account for cryptos. It lets you earn rewards on your deposited crypto that can be redeemed at any time.

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How often do I receive rewards?

Earn rewards are calculated daily from the day after subscription is confirmed to the end of the corresponding product period. The earn rewards will be credited to your wallet at the end of the agreed subscription period. It takes 1 day to unlock the tokens and 1 day to redeem the funds. Due to time zone differences, it may take up to 48–72 hours.

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Can I redeem my funds in advance?

Users can choose to redeem in advance. After choosing early redemption, the principal will be returned to your account. Early redemption will result in the loss of any rewards you have earned. It takes 1 day to unlock the tokens and 1 day to redeem the funds. Due to time zone differences, it may take up to 48–72 hours.

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What cryptocurrencies are supported?

There are more than 90+ cryptocurrencies supported with Clanz Earn.

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Why is the APR (Annualised Percentage Rate) dynamically changing?

APR is a projection based on the rewards we have historically received (“Staking Rewards Rate”) from the applicable asset protocol. The applicable blockchain protocol sets this rate, and is neither controlled, influenced, nor determined by Clanz, and will change (and thus, the APR will change dynamically). Each blockchain sets its underlying rewards rate depending on various factors. The APR may be adjusted to account for funds that are held back from staking as part of our liquidity reserve, if applicable.

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What is the subscription limit?

Different products have different durations and subscription limits. Subscription limit refers to the maximum amount of tokens that each user can subscribe to. Clanz Staking will dynamically adjust the limits according to market conditions and risks.

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What is Auto-staking?

You may choose to enable the Auto-staking function, and doing so automatically restake the product after the subscription period has expired.

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Are there any fees?

There are no fees associated to Clanz Earn products.