The most convenient way to grow your wealth in stablecoins.
Returns compounded daily
Earn interest every day up to 4% APY on your XSGD, and up to 2% APY on your USDC.
No lock in period
Free, fast and unlimited transfers in and out of StraitsX Earn. Allocate XSGD or USDC straight from your StraitsX dashboard.
No management or hidden fees
Gain convenience and safe access to opportunities on DeFi space, managed by experts, all for free.
No minimum balance
Start earning with as low as 1 XSGD or 1 USDC.
Competitive interest rates
4% APY* on the first 750,000 XSGD and 2.5% APY* thereafter, accrued in XSGD
2% APY*, accrued in USDC
*Interest rates are subject to change. Latest rates updated as of 9 Jan 2023. APY stands for Annual Percentage Yield and represents the the real rate of return earned on an investment, taking into account the effect of compounding interest.
How it works
Start by transferring SGD into your StraitsX account and allocate the minted XSGD into StraitsX Earn to begin.
StraitsX Earn converts XSGD into USD stablecoins, which are deployed into DeFi protocols.
Returns are generated from DeFi protocols and products in USD stablecoins.
Returns are converted from USD stablecoins back to XSGD, which can then be transferred back to SGD.
Choose between signing up with MyInfo or fill in your information manually.
Link your bank account
Link your local bank account to enable bank transfers to and from your StraitsX account.
When you initate a bank transfer into your StraitsX account, we will credit an equivalent amount of XSGD to your StraitsX account.
Transfer XSGD into Earn
Simply navigate to the “Earn” tab on your dashboard and allocate XSGD into Earn to begin generating returns. Interest credited daily.
Calculate your returns
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Projected 1 Year Interest
Frequently Asked Questions (FAQs)
What are the requirements to use StraitsX Earn?
StraitsX Earn is currently available to all Singapore-registered merchants and businesses with a verified StraitsX Business account. StraitsX Earn is not available to individuals with StraitsX Personal accounts as of this time.
Are there any transaction fees?
There are no fees. All transactions, foreign exchange, and gas fees are covered.
Will the rate offered by StraitsX Earn change?
Our rates are updated weekly. We will inform you one week in advance in case there are any changes in our rates. You will be able to see the applicable rate before deploying the funds on our platform.
Are there any limits to how much I can put into StraitsX Earn?
There may be some initial limits applied to the maximum you can put into StraitsX Earn, but you may contact us or speak to our sales team to review this limit.
How do we determine which DeFi protocols to deploy assets to?
StraitsX Earn carefully selects DeFi protocols based on an internal risk management framework, which takes into account factors such as the track record and audit records of the protocols. For example, most of StraitsX Earn’s funds are deployed to the XSGD/USDC liquidity pool in Uniswap, which is one of the most established DeFi protocols.
Does StraitsX Earn expose users to cryptocurrencies?
StraitsX Earn transacts only in the XSGD and USDC stablecoins. Stablecoins are digital assets pegged to fiat currencies such as the Singapore dollar or US dollar, and this peg helps to maintain price stability. In addition, the XSGD and USDC stablecoins are fully backed by cash and cash equivalents to ensure that their store of value. Earn does not deploy user funds towards cryptocurrencies or digital assets outside of stablecoins.
Why should I use StraitsX Earn when I can deploy my assets directly onto the DeFi protocol myself?
StraitsX Earn offers users convenient access to the DeFi space without having to handle the blockchain environment or worrying about fees. We handle the blockchain transactions and absorb all fees. We also offer a stable rate of return, absorbing the fluctuations and volatility commonly seen in DeFi.
Is there a mobile app for StraitsX Earn?
There is no mobile app for StraitsX Earn at the moment, though you will still be able to access the StraitsX platform (with the Earn product) via the web browser in your mobile device.
StraitsX Earn is offered by Xfers Invest Pte. Ltd. (“XIPL”), which is an affiliate of Xfers Pte. Ltd. XIPL is not licensed or regulated by the Monetary Authority of Singapore (MAS). MAS does not endorse StraitsX Earn or any other service/product offered by XIPL. StraitsX Earn is not a risk free product. Funds can be lost due to risks associated with decentralised finance protocols, such as smart contract risks, protocol failures, hacks from malicious attackers and other similar risks.
XSGD and XIDR are issued by StraitsX. StraitsX is a trademark of Xfers Pte Ltd. StraitsX is the trading name of Xfers Pte Ltd, which is the holder of a Major Payment Institution license for e-money issuance under the Payment Services Act.