What is Qubic’s Qearn and How Does it work?

Here’s a very simple explanation of how Qearn works, along with important details for interested users.

Qearn

QEarn is a simple way to earn extra QUBIC coins by locking up your existing coins for a set time, which is usually 52 weeks, but it can be unlocked anytime. It is the primary smart contract-based staking system of Qubic. It works like putting money in a fixed-term savings account: you agree not to touch your coins for a chosen period (up to 52 weeks), and in return, you earn rewards. If you touch it before the 52 weeks, you still get rewards, but not the full reward.

The longer you lock them, the more you can earn. This also helps reduce the number of QUBIC coins in circulation, and that, in turn, automatically benefits the overall ecosystem by making the coin scarcer.

The Qearn project is entirely community-driven. What that means is that it was proposed by Qubicusers and built by them, and it operates independently of Qubic’s core team.

How to Use Qearn

There are no complex setups or special hardware needed to use it. You just lock your coins and wait to earn rewards. It is simple and everyone can do it.

  • Access Qearn via Qubic wallet or Qearn website
  • If you access via the Qearn website, you will need to connect your wallet. There is a button to connect your wallet. If you are accessing via Qubic wallet, simply click on Qearn.
  • Make sure you have enough Qubic in your wallet. You need a minimum of 10,000,000 QUBIC. If you have less, you can buy from any exchange selling Qubic and transfer it to your wallet.
  • You cannot lock more than 1 trillion QUBIC per user. That is the maximum cap.
  • Once you have up to the minimum amount, input it and lock.
  • That is all. You will start earning rewards (interest) from the 4th epoch.

How Does QEarn Work?

The process is quite simple. Every week, about 100 billion new QUBIC coins, which are part of Qubic’s weekly emissions, are set aside as rewards for stakers. If you lock your coins, you get a share of these rewards. The share you get will depend on:

  • Firstly, it depends on how much you lock. For example, if you lock 1 billion QUBIC, you will get twice as much reward as locking 500 million.
  • Secondly, it depends on how long you lock. Locking. For 52 weeks gives you the maximum. Unlocking before will not give you the full reward.
  • Thirdly, it depends on the APY. The APY depends on how much fund is locked. 100 billion people is the whole share of the weekly pool. If more people lock, the APY reduces; if fewer people lock, the APY goes up.

Here is an example:

  • Total coins locked by all users: 800 billion QUBIC.
  • Rewards pool: 100 billion QUBIC.

If you locked 8 billion QUBIC (1% of the total locked), you’d earn 1 billion QUBIC (1% of the rewards pool). That’s a 12.5% annual return.

What If You Unlock Early?

You can unlock early, but you lose part of your rewards.

Here is a breakdown.

  • If you unlock before 4 weeks, you will not earn any reward, but will get your original amount back.
  • If you unlock between 4 to 11 weeks, you get 5% of the reward plus your original amount back.
  • If you unlock between 12 to 15 weeks, you get 10% of the reward plus your original amount back.
  • If you unlock between 16 to 19 weeks, you get 15% of the reward plus your original amount back.
  • If you unlock between 20 to 23 weeks, you get 20% of the reward plus your original amount back.
  • If you unlock between 24 to 27 weeks, you get 25% of the rewards plus your original amount back.
  • If you unlock between 28 to 31 weeks, you get 30% of the reward plus your original amount back.
  • If you unlock between 32 to 35 weeks, you get 35% of the reward plus your original amount back.
  • If you unlock between 36 to 39 weeks, you get 40% of the reward plus your original amount back.
  • If you unlock between 40 to 43 weeks, you get 45% of the reward plus your original amount back.
  • If you unlock between 44 to 47 weeks, you get 50% of the reward plus your original amount back.
  • If you unlock between 48 to 51 weeks, you get 55% of the reward plus your original amount back
  • If you wait till the final week 52, you get 100% of the reward plus your original amount back.

When you unlock early, the unearned reward that you didn’t get is spent this way:

  • A part of it is burned (permanently removed from supply)
  • Part goes to other users still locked in, boosting their rewards
Qearn reward table

How to Get the Best Profit from QEarn

Strategy 1: Lock Long-Term

  • Lock for 52 weeks to earn the highest possible rewards (up to 20% or more annually, depending on participation).
  • Why? You avoid penalties and qualify for redistributed rewards from early unlockers. Redistributed rewards mean that others in your pool might unstake, and a part of their reward will be added back to the pool, so your APY might keep going up from the initial one.

Strategy 2: Start Small, Then Scale

  • Begin with a small amount (like 10 million QUBIC) to test the system. Once you are comfortable, lock larger amounts 

Strategy 3: Monitor Early Unlocks

  • When others unlock early, your rewards increase automatically because their unclaimed rewards are shared with you. No action is needed; just stay locked to get the benefit.

Strategy 4: Patience

  • If you believe in the Qubic project, be patient and get the maximum reward.

Key things to remember

  • An epoch starts every Wednesday at 12:00 UTC. You can only know your full APY after the epoch begins. For example, if you lock on a Thursday, the APY may show 1000%. That is because the epoch is days away. But by Wednesday at 12:00 UTC, when that epoch kicks off, you will know your real base APY.
  • Minimum lock: 10 million QUBIC
  • Maximum lock: 1 trillion QUBIC per user
  • You can lock multiple times in the same epoch as long as you don’t exceed the maximum lock amount.

Happy locking!

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