BitShares Forum

Main => General Discussion => Topic started by: Bourbon44 on October 09, 2014, 01:12:31 am

Title: Some very basic noob questions on BitUSD
Post by: Bourbon44 on October 09, 2014, 01:12:31 am

Hi all,

So I recently picked up a few BitUSD with the understanding that it pays interest.  I think I'm pretty good on how the interest is calculated but I have a couple of questions on interest payouts:

To receive an interest payout I understand that I have to "move" BitUSD.  What exactly does "move" mean?  Do I need to sell some or transfer it to another account?

When I do receive interest, is the interest payment shown in the transaction ledger?  If so, how is it identified, does it say something like "interest payment" or something else readily identifiable?

I've tried perusing various other threads to find answers, and while certainly helpful, I couldn't really nail anything clear on the above.  Maybe I missed it.

Thanks in advance!

Title: Re: Some very basic noob questions on BitUSD
Post by: Ggozzo on October 09, 2014, 01:14:54 am

I have simply put a sell order on and been paid out the accumulated interest with out my ask even been filled.

Title: Re: Some very basic noob questions on BitUSD
Post by: Riverhead on October 09, 2014, 01:21:31 am

You can send bitUSD to yourself to claim your yield. I forget how it shows up but it's clear in your history when paid.

Title: Re: Some very basic noob questions on BitUSD
Post by: Bourbon44 on October 09, 2014, 02:02:01 am

Got it.  Thanks.