Here you can find frequently asked questions about EMCD Grow.
Why is the interest rate for Grow so high?
Our commission revenue helps support Grow yields, while we follow a conservative strategy — avoiding high-risk DeFi protocols, external platforms, and questionable assets.
How to top up Grow?
There are two ways to fund your Grow:
Directly from your EMCD wallet.
Via Mining Auto-deposit. Your mining rewards will be automatically transferred to Grow to start generating yield. You can enable this option when opening a Grow account or in the settings.
How to top up directly from the wallet?
How to set up Mining automatic top-up?
My Grow is funded, but I didn't receive interest the next day. Why?
Interest is calculated on the balance that has been held in Grow for at least 24 hours. For example, if a mining deposit reaches your Grow today, the interest calculation will only be updated and applied starting tomorrow.
How to withdraw from Grow?
Funds will be credited to your EMCD wallet 24 hours after a partial withdrawal or closure.
For Grow with the option of early withdrawal and flexible Grow, a fast withdrawal within 4 hours is available. Such an operation involves a commission of 0.5% of the withdrawal amount.
We described the fast withdrawal feature at the link.
If I make a partial withdrawal, will I lose the interest accrued on the previously deposited amount?
Don't worry, the interest in your Grow savings wallet accumulates on a daily basis, and it remains unaffected even if you perform a partial withdrawal.
Here's an example:
You opened Grow for 6400 USDT.
Daily accrual of interest started for the entire 6400 USDT.
After 5 days you decided to withdraw 5000 USDT, leaving your Grow with a balance of 1400 USDT
The interest that was accrued for 6400 USDT for 5 days will remain on your account. Subsequently, interest starts accruing on the remaining 1400 USDT left on your balance.
Later after 15 days, you decided to add an additional 2600 USDT to your account, resulting in a total balance of 4000 USDT.
After that that interest for 1400 USDT will stop accruing, and in the following days interest will start accruing for 4000 USDT.
Finally, by the time the 30-day interest period ends, you will receive your payments:
Interest for 5 days on the original 6400 USDT
+ interest for 15 days accrued for the amount of 1400 USDT
+ interest for the remaining 10 days until the end of the 30-day period, based on the 4000 USDT balance.
I can't withdraw the last 10 USDT / 10 USDC. Why?
EMCD Grow for USDT and USDC must maintain a minimum balance of 10 tokens. To withdraw your cryptocurrency, you must wait for the term to expire or close your Grow early.
Can I close my Grow early?
Certain types of Grow cannot be closed early without assistance from EMCD Support. For more details, please refer to the Grow Yields.
What happens when your Grow term ends?
It depends on your Grow auto-renewal settings:
If auto-renewal is enabled, your Grow is renewed for the same term at the interest rate available at the time of renewal, and rewards continue to accrue.
If a fixed Grow is closed after auto-renewal, only the interest accrued after the Grow expiration date will be forfeited. All interest accrued for the original term will be successfully transferred to the EMCD wallet.
If auto-renewal is disabled, your Grow is closed, and your funds — along with the accrued interest — are returned to your EMCD wallet.
How to enable Auto-renewal?
Is there any fee for transfer between EMCD Grow and EMCD wallet
No. We don't apply any fee for such transfers.
When is interest credited?
Interest on Grow is credited daily at 00:00 UTC. Interest capitalization every 30 days.
What is the interest capitalization?
Capitalization means that we pay the interest you earn to the initial amount deposited in Grow.
If you choose to capitalize the interest to Grow, then during the subsequent 30-day period you have the potential to earn additional interest not just on the initial deposit, but also on interest amount added after the capitalization event.
The longer you keep your assets in the Grow savings wallet, the more income you get from capitalized interest.
If you choose to pay earned interest from Grow to your EMCD wallet, it will be paid every 30 days to your EMCD wallet and there will be no additional interest accruals on the withdrawn amount in the following capitalization periods.