Your earnings depend on the performance of the assets in your portfolio and the chosen Vault. However, historically, platform users have made an average of 8% – 11% ROI per annum.
Help Category: Earning revenue
When do I earn revenue / when is it recognized?
Revenue is recognized every time new assets are sold to the user. Revenue comes from the fact that assets are sold at a discount compared to their face value. Assets can only be sold when the user has outstanding funds in the Vault. Therefore, asset sales depend on:
1) the customer repayments on the existing assest as this is the money that will be used to sell new assets
2) when the user deposits additional funds to the Vault as this will be used to sell new assest.
Revenue timing is individual because it depends on the aforementioned aspects. However, on average users could expect revenue recognized a few times a week.
Is it possible to get an income statement for tax?
Yes, the financial income report is available in the portal.
How can I withdraw my money?
You can withdraw your money from the Dynamic Vault by pressing the button “Withdraw from Vault” to transfer funds out of the Vault to your Cash balance. Once the funds are transferred out of the Vault you can request the funds to be transferred to your IBAN. Withdrawing funds is free of charge. Funds in the Fixed-Term Vault are automatically transferred to your cash balance at maturity from where you can request them to be transferred to your IBAN.