ATOM and NEAR launching on On-chain Earn
Publicado el 4 ene 2024lectura de 3 min
OKX will offer ATOM and NEAR subscriptions on On-chain Earn starting from Jan 04, 2024 at 11:00 (UTC). This will allow users to experience real on-chain rewards without any hassle.
On-chain Earn highlights
- No subscription limit
- Simplified operational steps, resulting in a more fluid user experience.
- Real on-chain annualized earnings
Details of the products can be found in the table below.
| Product | Category | Stake | Receive | Product quota | Individual quota | Min. staking amount | Redemption time | Reward distribution | Est. APR |
|---|---|---|---|---|---|---|---|---|---|
| On-chain Earn | Staking | NEAR | NEAR | N/A | N/A | 1 NEAR | 3-6 Days | Every 3 Days | 6%-10% |
| On-chain Earn | Staking | ATOM | ATOM | N/A | N/A | 1 ATOM | Est. 21 Days | Daily | 15%-17% |
To stake NEAR and ATOM on On-chain Earn, follow the instructions below:
On browser: Navigation bar > Grow > Earn > On-chain Earn, search NEAR and ATOM and select subscribe
On the OKX app: Grow > Earn > On-chain Earn, search NEAR and ATOM and select subscribe
Product mechanism
Earnings and subscription
- If you subscribe before 03:00 (UTC) daily:
- Your NEAR and ATOM will be on-chain and start accruing interest at 03:00 the same day. Your ATOM rewards will be distributed to your funding account daily, whereas NEAR rewards will be distributed every 3 days.
- If you subscribe after 03:00 (UTC) daily:
- Your NEAR and ATOM will be on-chain and start accruing interest at 03:00 the same day. Your ATOM rewards will be distributed to your funding account daily, whereas NEAR rewards will be distributed every 3 days.
Redemption information
- Redemption requests can be submitted at any time.
- NEAR: It takes 3-6 days after submitting a redemption request for your NEAR to be successfully redeemed and distributed to your funding account. You won't earn rewards during the redemption period.
- ATOM: It takes around 21 days after submitting a redemption request for your ATOM to be successfully redeemed and distributed to your funding account. You won't earn any rewards during the redemption period.
- If you redeem your principal before the reward distribution date, OKX will calculate rewards based on the actual number of days staked and distribute them to your funding account on the reward distribution day.
Disclaimer
- As Proof-of-Stake (PoS) mechanisms vary for different tokens, it's important to fully understand the rules and details of each project before subscribing. These include, but aren't limited to minimum redemption amounts, interest accrual start times, reward distribution times, redemption periods, and expected annualized earnings.
- OKX will charge a certain 1% service fee for ATOM staking and a 5% service fee for NEAR staking. For more detailed fee information, please refer to the respective tokens' product introduction pages.
- Aside from project launch and reward distribution, OKX assumes no responsibility for disputes over any disagreements, hacking incidents, project fraud, and other risks that may result in asset loss for subscribers.
Thank you for your continued support. We'll be launching more On-chain Earn products in the coming weeks. Stay tuned for more information.
OKX team
Jan 04, 2023