Early launch of ETH2.0 redemption feature

Published on 17 Apr 20232 min read

Dear OKX users,
Starting from 13:00 UTC on Apr 17, 2023, OKX Earn will officially support redemption for ETH2.0 staking. To redeem your BETH holdings for ETH at a 1:1 ratio, you can go to OKX ETH2.0 staking page.


Redemption rules

  • The redemption feature is available to all OKX users. Requests will be sent to the Ethereum network and queued for redemption according to on-chain rules and the request's time. All on a first-come, first-served basis.
  • It may take 13 days to several weeks for the initial redemption to be completed. The exact processing time for staking withdrawal requests depends on the number of users redeeming their ETH2.0 staking rewards and the status of the Ethereum network.
  • Redeem BETH holdings into ETH at a 1:1 ratio
  • Minimum redemption amount is 0.001 BETH
  • Once you submit an ETH redemption request, it can't be canceled
  • The BETH redeemed will not generate any ETH2.0 staking rewards
  • All exchange requests submitted within 24 hours starting from 8:00 AM UTC each day will be merged into one application and processed the following day
  • Before submitting your application, the expected redemption time for ETH will be displayed on the redemption application page
  • Once your redemption application is processed, the ETH that was used for ETH2.0 staking will be returned to your Funding account


OKX Earn is hosting an exclusive airdrop event for ETH2.0 staking, and you can participate by visiting the OKX ETH2.0 staking page.


We'll be launching more ETH2.0 campaigns in the future. Stay tuned!


OKX
Apr 17, 2023