> For the complete documentation index, see [llms.txt](https://docs.bouncebit.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.bouncebit.io/bouncebit-cedefi/cedefi-yield/fixed.md).

# Fixed

Fixed mode offers users stable, predictable returns through fixed-term, interest-based products. Users can lock their assets for specific periods to earn a guaranteed yield, providing a stable alternative to market-driven products and protection from market volatility. This option is best suited for those who prioritize security and predictable returns and are comfortable with committing their assets for a set duration.

Each asset (BTC, USDT, ETH) has its own Fixed mode option, letting users select fixed returns specific to each asset. Yield is distributed on a daily basis, but the APY is subject to change every 30 days.

**You should subscribe under Fixed if you…**

* Prioritize stability and want predictable, steady returns.
* Prefer locking in a guaranteed yield over flexible, market-responsive strategies.
* Are comfortable committing assets for a specific term to achieve fixed returns.

#### Settlement of income and principal:

* PNL: Settlement every Friday
* Principal: After 30 days of regular payment, according to the redemption T+7 application, it will be settled on the nearest Tuesday and Friday (redemption application within the batch processing cycle)

**Redemption of unstake request:**

* After the customer subscribes, the lock-up period is 30 days, and the unstake request can be initiated at any time;
* Early redemption of unstake is not supported within 30 days;
* Redemption of Unstake will be settled on the nearest Tuesday or Friday starting from T+7;
* If after 30 days, if redemption is initiated on T day, the income ends on T day

A) Principal redemption According to the user's Unstake Request, the user's fund redemption is initiated twice a week:

* Unstake applications from 12:00 last Tuesday to 12:00 last Friday (UTC+8) will be uniformly redeemed and settled from 12:00 to 18:00 on Tuesday.
* Unstake applications from 12:00 last Friday to 12:00 this Tuesday (UTC+8) will be uniformly redeemed and settled from 12:00 to 18:00 on Friday.

B) Weekly settlement of interest (BB needs to provide the previous weekly income liquidity funds):

* Interest settlement operations are performed from 12:00 to 18:00 every Friday (all interests from 12:00 last Friday (not included) to 12:00 this Friday (inclusive)).

Process redemption according to each user's Stake, and calculate the income of each Stake.