Simple Earn Flexible bonus policy update
OKX to adjust the bonus rules for Simple Earn Flexible
Starting October 30, 2024, at 6:00 UTC, OKX will implement changes to the bonus rules for our Simple Earn Flexible, introducing a 180-day bonus period for supported crypto funds. This means that you’ll earn an hourly bonus for a maximum period of 180 days with any supported crypto you lend out through Simple Earn. The bonus earnings will be calculated based on the actual amount you’ve lent out during this period.
The adjustments are as follows:
Bonus rules
Crypto | Bonus APR | Individual limit | Bonus period |
USDT | 10% | 1000 USDT | 180 days |
USDC | 10% | 1000 USDC | 180 days |
BTC | 5% | 0.03 BTC | 180 days |
ETH | 5% | 0.4 ETH | 180 days |
OKB | 5% | 50 OKB | 180 days |
Eligibility
Your master account must complete identity verification. Using a sub-account is ineligible.
Each crypto is eligible for a bonus of 180 days only. Users who have previously enjoyed bonus for more than 180 days will no longer be eligible.
Each crypto has a specific individual limit for bonus:
If the market APR is greater than the bonus APR, and your lending amount is successfully lent out, you’ll earn at the market APR .
If the market APR is lower than, or equal to the bonus APR, and your lending amount hasn’t been lent out, the amount within the individual limit will enjoy the bonus APR.
For the lending amount exceeding the individual limit, if successfully lent out, you’ll receive your earnings at the market APR.
Example
The bonus rules for each crypto are independent. We use USDT as an example in the following.
Example | User condition | Lending amount | Eligible APR |
User A | The user has never lent out crypto assets through Simple Earn Flexible before. | 2000 USDT | The first 1000 USDT is at 10% bonus APR, eligible for 180 days of bonus period starting from the first order. If redeem and re-submit an order, the remaining days of bonus will still apply. The remaining 1000 USDT is at a market APR when lent out. |
User B | The user has lent out funds through Simple Earn Flexible, and is enjoying the bonus APR on the 5th day of the 180-day bonus period. | 2000 USDT | The first 1000 USDT is at 10% bonus APR, eligible for the remaining 175 days out of the 180-day bonus period. The remaining 1000 USDT is at a market APR when lent out. |
User C | The users lent out funds through Simple Earn Flexible, and enjoyed the bonus APR for an 180-day bonus period before. | 2000 USDT | 2000 USDT is at a market APR when lent out, because the user has previously enjoyed the bonus period already. |
At OKX, we remain committed to providing you with high-quality products and exceptional experiences. Thank you for being a valued member of our community. If you have any questions, please contact OKX Support Center.
OKX team
Oct 07, 2024