Sentz Earn enables customers to easily grow their stablecoin holdings, all while keeping full control over their assets. Designed for both crypto-savvy and new users, Sentz Earn offers simple, competitive rewards without the need to transfer funds to external protocols, incur gas fees, or transfer funds to a custodial exchange.
Users can track earnings in real time within their Sentz wallet, enjoy a daily compounding effect with daily reward calculations, and earn a variable rate without sacrificing accessibility or convenience. This seamless, non-custodial experience makes Sentz Earn a compelling choice for anyone looking to maximize their stablecoin savings.
What is Earn?
Sentz Earn is a rewards program that allows you to earn up to 8% on your stablecoin holdings simply by keeping them in your Sentz wallet. Unlike other programs, you maintain full control of your funds in a non-custodial wallet.
How does Sentz Earn work?
When you enroll in Sentz Earn, you start earning daily rewards based on the average balance of stablecoins in your Sentz wallet. The program offers a variable rate, with earnings calculated and added daily.
The amazing part is that you don't even need to lock your funds! You can view your earnings in real-time and claim them whenever you choose.
Who is eligible to enroll in Earn?
Eligibility for enrollment in the Earn program is contingent upon successful completion of Know Your Customer (KYC) verification and adherence to our applicable terms and conditions, which may be updated from time to time. By enrolling, you acknowledge and agree to comply with these requirements.
How much can I earn?
Currently, you can earn up to 8% annually on your eligible stablecoin balance. This is an adjustable rate, and we may adjust it at any time in our sole discretion to ensure that we continue to meet customer expectations. Your reward will vary depending on the average daily balance of eligible eUSD held in your Sentz wallet. Daily rewards are calculated using annual rates.
What stablecoins can I earn with?
Sentz Earn supports eUSD (electronic USD), a stable, USD-denominated currency built on a basket of USDC and USDT that minimizes exposure to the fluctuations common in local currencies and depegging events in stablecoins.
What's the minimum balance required to participate?
You must deposit $1 in eUSD to enroll in Earn.
What’s the maximum amount I can earn rewards on if I enroll?
You can enroll and earn rewards with a minimum of $1 and a maximum of $10,000.
When do I start earning?
Once you've enrolled in Earn, you'll begin accumulating rewards daily based on your average eUSD balance.
How often can I redeem my earnings?
You can redeem your earnings daily, allowing for easy access to your rewards whenever you need them.
How does Sentz Earn calculate my rewards?
Rewards are calculated daily based on the balance of your stablecoins over a 24-hour period. The rate is variable and may change day-to-day based on market conditions.
Do I have to lock my funds to use Earn?
No, your wallet balance does not need to be locked to enroll or participate in Earn.
How is my balance tracked if I don’t open the app daily?
Sentz Earn calculates rewards based on your daily balance, which you’ll need to open the app to report. Earn uses live blockchain transactions to determine your balance, ensuring your earnings are accurate. Remember that by opting into this program, you are sharing your transaction history with Sentz.
How long do I have to claim my funds?
You have 60 days to claim your funds. If you don’t claim funds within this time, you will stop earning rewards on your balance. After a period of inactivity, you will forfeit your rewards.
What happens to my funds if they are below the claimable amount?
You’ll earn rewards on your balance until you reach the claimable amount, which can be anything from $.01 eUSD. Once you reach the claimable threshold, you can claim rewards, which will be deposited into your balance.
Can I opt out of Earn at any time? Are there any penalties for opting out?
Yes, you can opt out of Earn anytime you choose. There are no penalties for opting out. However, you will no longer earn rewards on your balance.
What countries are eligible to participate in the Sentz Earn Rewards Program?
The program is currently available to Nigerian customers.
Is Sentz Earn secure?
Yes, Sentz Earn is built on the same end-to-end encrypted non-custodial blockchain technology used by Sentz Private Pay. The non-custodial nature of Earn allows you to always maintain control of your assets. Additionally, all customers must complete KYC verification through Smile ID to ensure regulatory compliance.
If you need more help with using the Earn feature on the app, please feel free to contact our Support team and we'll be happy to assist!