Victoria, Seychelles – August 23, 2022 – OKX, the globally leading cryptocurrency exchange, has unveiled its latest business updates for the week of August 23, 2022:
OKX Earn Introduces Smart Gain
OKX now offers term-specific investment solutions with automated profit-taking features through Smart Gain. Users can invest BTC or ETH to earn stable returns ranging from 3% to 20% APY.
If the spot price of the invested cryptocurrency reaches the "profit-taking" price by the maturity date, Smart Gain secures earnings by automatically converting the principal and interest into USDT.
OKX Launches Platform Rewards Program
The Platform Rewards for Savings now empower users to bypass rising supply constraints (compared to lending demand) with an APY bonus, regardless of whether their assets are lent out.
Amounts exceeding the reward threshold will follow the standard matching mechanisms of the Earn Savings product, allowing users to earn interest whenever their assets are loaned.
Earn Up to 52% APY with BTC, ETH, and LAT Staking
OKX will launch BTC, ETH, and LAT Staking at 03:00 UTC on August 24, 2022. Slots are limited and available on a first-come, first-served basis.
Key Rewards for BTC, ETH, and LAT Staking:
| Stake | Earn | Product | Term | Total Subscription Limit | Individual Limit | APY |
|-------|------|--------------|--------|--------------------------|------------------|------|
| BTC | LAT | Staking | 15 days| 420 BTC | 0.2 BTC | 10% |
| ETH | LAT | Staking | 15 days| 4,400 ETH | 2 ETH | 12% |
| LAT | LAT | Staking | 15 days| 90,000,000 LAT | 75,000 LAT | 52% |
👉 Explore more on OKX’s Support Center
FAQs
1. What is Smart Gain in OKX Earn?
Smart Gain is a feature that automatically converts cryptocurrency investments into USDT upon reaching a predefined profit-taking price, ensuring secured returns.
2. How do Platform Rewards work?
Users earn APY bonuses even if their assets aren’t lent, bypassing supply-demand fluctuations in the lending market.
3. What are the staking limits for LAT?
The total limit is 90 million LAT, with individual caps at 75,000 LAT.
4. When does staking go live?
Staking launches at 03:00 UTC on August 24, 2022.
5. Are rewards guaranteed for all staking amounts?
No, rewards follow standard mechanisms once the bonus threshold is exceeded.
👉 Start staking today with OKX
About OKX
OKX is a premier cryptocurrency trading app and Web3 ecosystem. Trusted by over 20 million global customers across 180+ markets, OKX is renowned as the fastest and most reliable digital asset trading platform for professional investors and traders worldwide.
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