FAQ on MEXC APR Booster
1. What is an APR Booster?
An APR Booster is a reward offered by MEXC that increases the annual percentage rate (APR) of eligible Earn products, helping you earn more interest on user assets. Each APR Booster comes with specific usage conditions, which mainly include the following:
- Minimum Usage Requirement: The minimum amount of principal or stake required to use the APR Booster.
- Interest-Bearing Principal Cap: The maximum principal amount that can receive the boosted APR.
- Applicable Products: Currently, APR Boosters can be used with Flexible Savings and Futures Earn products
You can view the full details and requirements on the APR Booster details window.
2. How to get an APR Booster
You can obtain APR Boosters by completing designated tasks and challenges in the MEXC Rewards Hub. In addition, APR Boosters may also be distributed through certain platform events.
3. How to view and use APR Boosters
3.1 APR Boosters for Flexible Savings
Open the MEXC Earn homepage. On the homepage, you can see the number of APR Boosters you currently have that are available for use.
To use an APR Booster for Flexible Savings, click "APR Booster(s) Available" on the MEXC Earn page. In the Voucher Center pop-up window, click Use on the selected APR Booster. Once the usage requirements are met, the voucher will be successfully applied.
You can also use an APR Booster for Staking Flexible Savings assets. Select the APR Booster you want to use, then submit your stake amount. If both the staking requirements and voucher conditions are met, the APR Booster will be activated successfully.
3.2 APR Boosters for Futures Earn
Open the MEXCFutures Earn page. On the homepage, you can see the number of APR Boosters currently available for use.
To use an APR Booster for Futures Earn, click "APR Booster(s) Available" on the Futures Earn homepage. In the Voucher Center pop-up window, click Use on the selected APR Booster. Once the usage conditions are met, the APR Booster will be applied successfully.
4. Applicable Products
APR Boosters can be used with designated MEXC Earn Flexible Savings and Futures Earn products.
Please note that each APR Booster has its own specific usage scope. For example, some APR Boosters may only apply to Flexible Savings and cannot be used for Futures Earn. Before using an APR Booster, please check the voucher details to confirm the supported products.
5. What is the boost duration?
The boost duration refers to the valid time window during which an APR Booster provides additional interest. APR boosting is only applied when the interest accrual time of your Earn product falls within this period.
For example, if your APR Booster is valid from January 1 to January 7, only the interest accrued during these seven days will receive the APR boost. Boosted interest is distributed according to the settlement schedule of the linked product and credited to your Spot account.
Reminder: Ensure that you use your APR Booster before it expires. Once expired, the booster can no longer be applied.
6. How do I know if an APR Booster is active?
You can check the status of an APR Booster in the following ways:
- View the current status of the voucher on the APR Booster details window.
- Check the APR Booster status in the product list.
- If the status shows "Pending boost," it means the APR Booster has been applied but the boost period has not started yet.
- If the status shows "Boosted," it means the APR Booster is active and the APR boost is in effect.
- Go to the MEXC Earn interest details window to view the specific interest amount generated by the APR Booster.
7. Can APR Boosters be used on ongoing Earn orders?
Yes. As long as your current principal meets the minimum requirements of the APR Booster, you can apply it directly to your ongoing Earn orders.
8. Is there a limit on the amount that can receive an APR Boost?
Yes. Each APR Booster has a minimum principal requirement and a capped principal amount eligible for the APR boost. You can check the specific amount requirements in the APR Booster details to ensure your principal or staked amount meets the usage conditions.
9. Can I add more principal after using an APR Booster?
Yes. As long as the boost period has not ended and the interest-bearing principal cap has not been reached, any additional principal will continue to receive the boosted APR.
10. Can I continue using the same APR Booster after redemption?
Yes, but note that the interest accrual start time will change. For example, if you receive an APR Booster with a validity period of 7 days and fully redeem your staked assets on day 3, you can still use the same APR Booster as long as you re-stake within the validity period.
Note: When you re-stake, the interest accrual start time will be recalculated. If the new interest start time falls outside the APR Booster's validity period, the new Earn position will not receive the APR boost.
11. After a partial redemption, if the remaining staked amount falls below the minimum requirement, can the APR Booster still be used?
No. The stake amount must continuously meet the minimum requirement of the APR Booster in order to receive the APR boost. For example, you receive an APR Booster with a 7-day validity period and a minimum stake requirement of 1,000 USDT, and you stake 2,000 USDT. After 3 days, you redeem 1,500 USDT, leaving a remaining stake amount of 500 USDT. Since this amount no longer meets the minimum requirement, the APR boost will stop.
12. After a partial redemption, if the remaining staked amount is still above the minimum requirement, can the APR Booster continue to be used?
Yes. As long as the remaining staked amount meets the minimum requirement, the APR Booster will remain active. For example, you receive an APR Booster with a 7-day validity period and a minimum requirement of 1,000 USDT, and you stake 2,000 USDT. After 3 days, you redeem 500 USDT, leaving 1,500 USDT. Since the remaining stake amount still meets the requirement, the APR Booster will continue to apply.
13. If the staked amount falls below the minimum requirement and is later increased again, can the APR Booster be reactivated?
Yes, but note there will be a change in the interest accrual start time. For example, you receive an APR Booster with a 7-day validity period and a minimum requirement of 1,000 USDT, and you stake 2,000 USDT. After 3 days, you redeem 1,500 USDT, leaving 500 USDT, which no longer meets the requirement. After staking an additional 1,000 USDT, your total staked amount reaches 1,500 USDT and the APR Booster can be used again.
Note: Newly added stake has its own interest accrual start time. If this interest start time occurs after the APR Booster's validity period has ended, the newly added staked amount will not receive the APR boost.
14. Can multiple APR Boosters be used at the same time?
No. Currently, only one APR Booster can be used on the same Earn product at any given time, i.e., each Earn product can use one APR Booster at a time.
15. When is the boosted interest credited to my Spot account?
Boosted interest is distributed together with the base interest. The exact distribution time depends on the settlement rules of the Earn product you are using. You can refer to the product details or track it in your Flexible Savings or Futures Earn earnings history.
16. Does using an APR Booster affect redeeming my principal?
No. APR Boosters only apply to accrued interest. Your principal can still be redeemed according to the rules of the Earn product.
17. Can APR Boosters be transferred to other users?
No. APR Boosters cannot be transferred or moved to other accounts. Any interest generated from using an APR Booster will be credited directly to your Spot account.