Flexible saving or flex saving for short, can be described as an elastic means of saving assets that allows one to easily withdraw saved assets at any given time without any 3rd party confirmation. It provides various yields which might and might not be 100% accurate due to irregular market fluctuations.
Over the past couple of weeks, we have extensively discussed and talked about the various payments gateway offered by TopWallet from eSim purchase to fiat withdraw and others. Sadly little to no mention of TopWallet flexible savings was done and with that, let's quickly dive into what this entails.
TopWallet flexible saving is an easy to use feature that allows one to easily save their assets from any location across globe and best part, no lockup period is involved, meaning users can have access to assets at any given time of their choosing.
Presently, only USDT is supported with a 7 days yield going as high as 13.76% and a daily yield count, meaning your interest starts counting 24hrs after subscribing. The minimum allowed for subscription is as low as 0.1 USDT with 0 subscription fee. TopWallet supports deposit of USDT across various chains which inlcudes PlatON, ERC20, TRC20, and Polygon. If for one or more reasons network withdrawal fee is high on a particular chain, one can easily select deposit of other supported chains.
Source of yield and risk?
Every finance system comes with one or more risk and sadly TopWallet flexible saving is not exempted.
Yields are acquired by providing liquidity to exchange which brings the irregular yields performance as mention earlier.
For risk,
Flexible saving does not guarantee fixed returns, it fluctuate due to market factors
Flexible saving will focus on leading platforms like Binance and Okex to deviersify risks.
While other risks might be involved, users are always advice to do proper research before investing in any physical or online platforms.
Going forward, as the entire crypto space continue to experience market uptrend, TopWallet flexible saving might be a good option to de-risk from the volatile market space.
Note, the above is for educational and entertainment purposes, users are always adviced to do their own research before investing in any platform be it physical or otherwise.