Smart Savings

Smart Savings unlocks the full potential of DeFi with cross-chain interoperability and yield optimization. Powered by Latch, Smart Savings enhances Smart Balance's functionality and versatility, empowering a wide-ranging utility while upgrading the user experience. The launch of Smart Savings pushes the Galxe ecosystem closer to an omnichain future, elevating your web3 experience through seamless cross-chain transactions, omnichain yield, and instant liquidity.

Learn more about Latch here.

Migration

As we migrate Smart Savings, we’re sunsetting Smart Balance and all 150K existing users will have their entire balance merged with Smart Savings automatically. In other words, there will be no actions required from you. As for new users, you will be onboarded directly to Smart Savings, unlocking immediate access to the upgraded features.

Key Features

Chain-Agnostic Gas Payment

Smart Savings is designed to combat the persistent issue of chain fragmentation in web3 while upgrading the user experience. Through its chain-agnostic attribute, Smart Savings enables users to settle payments across different blockchains. This cross-chain interoperability optimizes the experience on Galxe Quest by eliminating the need for users to bridge across multiple chains, acquire their native tokens, and do it repeatedly to claim rewards.

With Smart Savings, users can simply maintain one balance that allows them to pay for gas fees across multiple chains. At launch, you’ll be able to pay for gas fees across networks, including Ethereum, BNB Chain, Avalanche, Polygon, Optimism, Arbitrum, Base, Manta Pacific, OKT Chain, Linea, Mantle, Fantom, ZetaChain, ZkSync, Cronos, and Merlin.

Native Yield

In Smart Balance, any unused balance in users’ accounts is simply idle as it does not generate a yield. In Smart Savings, however, users can now turn this idle balance amount into interest-earning assets through the integrated ETH staking and RWA protocols. Simply deposit your balance into a Vault and earn a yield on your idle balances.

To reward early users, enjoy an extra 10% APY boost on top of yield from the underlying protocols from May 30th when you make a deposit into each Vault.

Note: The APY boost for early users has been revised down from 20% to 10% since July 16th.

Learn more about Latch’s APY Boost here.

100% Balance Withdrawal

Users will now be able to withdraw 100% of their balance on Smart Savings as opposed to a non-withdrawable amount on Smart Balance. This heightens the flexibility for active web3 users who seek better control over their assets. In addition, Smart Savings leverages its chain-agnostic elements to support omnichain deposits and withdrawals. For instance, users can deposit ETH on the BNB Chain and withdraw SOL.

Note: Withdrawals are only applicable to staked tokens and there is a 7–14 day lockup period.

Learn more about Latch’s withdrawal here.

Instant Liquidity

Parallel to the goal of injecting functionality and versatility, Smart Savings allows users instant access to 10% of their total staked amount at any point in time. This instant liquidity can be used on any chains supported on Galxe (ETH, ARB, Polygon, or BSC) or swapped into any other tokens, granting users the ability to seize unexpected opportunities in the market without unstaking their assets from the ETH staking or RWA protocols.

This instant liquidity will be credited into users’ wallets upon clicking the “Spend” button on the Smart Savings dashboard. The remaining 90% of users’ balance can only be fully withdrawn after a 7–14 day lockup period.

How to

Deposit to Smart Savings

Deposit over 1,000 USDe for a 10% APY Boost.
Deposit over 0.3 ETH for a 10% APY Boost.

Supported Networks & Tokens

Network	Supported Tokens
Arbitrum	ETH, USDT, USDC
Binance Smart Chain	BNB, USDT, USDC
Ethereum	ETH, USDT, USDC
Polygon	MATIC, USDT, USDC

Visit Galxe Smart Savings: app.galxe.com/SmartSavings
Connect your self-custodial wallet (e.g. MetaMask) to Galxe.
Click "Deposit" on your Smart Savings dashboard.
Choose your desired Vault (USDe or ETH).
Select the token and network for your deposit.
Enter the amount you wish to deposit (or choose “25%, 50%, or 100%”).
Review the details (APY Boost, first rewards distribution date and gas fee).
Confirm the transaction in your wallet, paying the gas fee.
Await confirmation (processing time may vary depending on network traffic).
Success! Monitor your balance on your dashboard, rewards on Latch’s dashboard.

Note: Ensure your wallet is connected before depositing to Smart Savings. After depositing into Smart Savings, please allow 5-10 minutes for the deposit to reflect.

Withdraw Spendable

Visit Galxe Smart Savings: app.galxe.com/SmartSavings
Connect your self-custodial wallet (e.g. MetaMask) to Galxe.
Click "Spend" on your Smart Savings dashboard.
Select your desired token and network for withdrawal from the supported list.
Enter the amount you wish to withdraw (or choose “25%, 50%, or 100%”).
Review the details (withdrawal amount, receive amount, and service fee).
Confirm the transaction in your wallet, paying the gas fee.
Await confirmation (processing time may vary depending on network traffic).
Success! Monitor your balance on your dashboard history.

Note: The available balance to spend is the amount you can withdraw instantly (10% of your total staked amount at any point in time).

Withdraw Smart Savings

Visit Galxe Smart Savings: app.galxe.com/SmartSavings
Connect your self-custodial wallet (e.g. MetaMask) to Galxe.
Click "Withdraw" on your Smart Savings dashboard.
Select your deposited Vault (USDe or ETH).
Enter the amount you wish to withdraw (or choose “25%, 50%, or 100%”).
Review the details (expected receive time and service fee).
Confirm the transaction in your wallet, paying the gas fee.
Await confirmation (processing time may vary depending on network traffic).
Success! Monitor your withdrawal request on your dashboard history.

Note: Tokens withdrawn will be sent to your wallet address within 7-14 days. Learn more about Latch’s withdrawal here.

FAQs

What is Latch?

Latch is a blockchain interoperability protocol designed to unify yield, liquidity, and chains. Learn more about Latch here.

What is the minimum deposit required to initiate a Smart Savings account?

Smart Savings accounts are accessible with no minimum deposit requirement.

Can Smart Savings be used for all payments on Galxe?

Yes, Smart Savings can be used for various functionalities on Galxe, including:

Covering network fees (gas) associated with claiming NFTs or other actions.
Paying for Galxe Passport fees.
With more features supported in the future.

Do Smart Savings credits have an expiration date?

Yes, Smart Savings credits have a validity period of one year.

Note: Smart Savings credits are non-refundable and cannot be withdrawn after they are issued.

Are there any fees for using Smart Savings?

Yes, a service fee applies when utilizing Smart Savings for transactions. The standard fee is 10% of the total gas fee, with a minimum of 0.01 USD.

Where can I find the terms and conditions for using Smart Savings?

Learn more about Galxe Smart Savings Terms of Use here.

How do I set or change the preferred payment method on the Galxe website?

If you’ve deposited funds into Galxe Smart Savings, it will automatically set Smart Savings as your preferred payment method.

To change this, visit app.galxe.com/SmartSavings, log in to your account, and turn off "Preferred Payment" in the top right corner of your dashboard if you no longer want to prioritize Smart Savings for your transactions.

Disclaimer: Withdrawals from Galxe Smart Savings are subject to a 7-14 day processing period. Funds are restricted to your individual account and cannot be used for services within the Galxe Dashboard or on external platforms. Balances are denominated in USD, and deposits in other currencies will be converted based on the exchange rate at the time of the transaction. A service fee of 10% applies, with a minimum charge of 0.01 USD. For further details, please refer to the Galxe Smart Savings Terms of Use.

Earn with Smart Savings