What are Reserved Funds?
These are stablecoin deposits to be held on reserve until further notice.
How are my reserved funds calculated?
Calculating the percentage of reserved funds is based on factors such as:
The user’s balance on 15 June 2022 (23:59:59 UTC)
The percentage of their asset contribution to the entire pool
The portion of that asset affected by illiquidity at this moment
The following criteria are applied:
Withdrawals initiated before the end of 15 June 2022 (23:59:59 UTC) that were not processed (failure or rejection) will be excluded from this reserve and are available for withdrawal
Any assets deposited after 15 June 2022 (23:59:59 UTC) will be excluded from reserve and are still available for withdrawal according to the new limitations imposed
Where can I see my reserved funds?
Download the latest version of the mobile app (version 0.49.0)
Log in to the mobile app
Tap on your asset under Stablecoins Vault
To learn more, tap the "i" icon beside Reserved Funds.
Another way to view your Reserved Funds is via the web app. Visit app.finblox.com/assets
Will I get yield rewards on my reserved funds?
Starting 1 July 2022, only funds under Available Balance and new deposits made after 30 June 2022 will accrue yield rewards.
How do I withdraw my reserved funds?
TBD. We hope to have a timeframe available soon, as it depends on numerous factors, including market conditions and liquidity.