Moomoo: US Stock Yield Enhancement Program (SYEP)

Should you join?

Stock Yield Enhancement Program

Moomoo’s Stock Yield Enhancement Program (SYEP) allows Moomoo to borrow your eligible assets (US common stocks listed on the exchanges and US ETF) and lend them to counterparties who wish to engage in short selling and are willing to pay interest on the borrowed eligible assets. The interest earned on these “loans” is then credited to my account every day the eligible assets are lent out.

I started a couple of months ago, 127 days to be exact, and I have to date earned USD5.80. I know it is not a lot, but it is “free” money as I did not have to do anything. As a dividend investor, even USD10 will allow me to buy a dividend payment share like AGNC adding to my dividend snowball. So, if you ask me, joining the SYEP is a no-brainer. It is a definite yes!

What you need to know

There are three things you need to know if you want to participate in this program. They are:

Trading

Lending your assets will not affect any of your trading activities. You can still sell the eligible assets at any time. Moomoo SG will recall the eligible assets from the counterparty and settle it on your behalf on the settlement date, after…