Pay Rewards is a loyalty program designed for eligible users to earn rewards on USDC or USDT held on X Layer within Pay. Funded by OKX, this initiative encourages stablecoin holdings while keeping your funds accessible in your Pay balance. Note that rewards are subject to change or discontinuation without prior notice.
How to Navigate the Rewards Section
- Switch to Pay mode.
- Click Rewards in the navigation menu.
If your Pay balance is empty, select Add funds to deposit crypto from your Exchange account or via on-chain transfer.
Frequently Asked Questions (FAQs)
1. Who Qualifies for Pay Rewards?
To be eligible, you must:
- Be a verified OKX user.
- Hold USDC or USDT on X Layer in Pay.
OKX reserves the right to modify or terminate the program. Review the Smart Account Terms for details.
2. How Are Rewards Earned?
Follow these steps:
- Activate Pay and complete verification.
- Deposit USDC/USDT on X Layer.
- Hold to accrue rewards automatically.
Rewards compound daily and are paid monthly by the fifth business day. Pending rewards reflect the next day.
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3. How Is APY Calculated?
The daily formula:
Average eligible balance × (APY ÷ 365)
Example:
- Holding 1,000 USDC at 5% APY for 15 days → 2.05 USDC
- Then 500 USDC for 15 days → 1.03 USDC
Total: ~3.08 USDC/month.
4. Can I Opt Out?
Yes:
- Go to Rewards.
- Click settings (top-right).
- Select None and confirm.
Accrued rewards remain yours indefinitely.
5. Payout Currency
Rewards are distributed in USDC/USDT on X Layer.
6. Why Was My Eligibility Revoked?
Accounts may be frozen for suspected abuse (e.g., fake holdings).
7. Pending Reward Discrepancies
Cash values are estimates. Exact amounts display in activity records; minor rounding differences may occur.
8. Program End Date
This is a limited-time offer. Users will be notified before termination.