SOL and CORE launching on On-chain Earn
OKX will offer SOL and CORE subscriptions on On-chain Earn starting from Dec 14, 2023 at 11:30 (UTC). This will allow users to experience real on-chain rewards without any hassle.
On-chain Earn highlights:
- No subscription limits
- Simplified operational steps resulting in a more fluid user experience
- Real on-chain annualized earnings
Product details can be found in the table below
| Product | Category | Stake | Receive | Product quota | Individual quota | Min. staking amount | Redemption time | Rewards distribution | Est. APR |
|---|---|---|---|---|---|---|---|---|---|
| On-chain Earn | Staking | SOL | SOL | N/A | N/A | 1 SOL | Est 3 Days | 3 Days | 5%-7% |
| On-chain Earn | Staking | CORE | CORE | N/A | N/A | 1 CORE | Est 1 Day | Daily | 23%-25% |
On browser: Navigation bar > Grow > Earn > On-chain Earn, search SOL and CORE and select subscribe
On the OKX app: Grow > Earn > On-chain Earn, search SOL and CORE and select subscribe
Product mechanism:
Earnings and subscription:
- If you subscribe before 03:00 (UTC) daily:
- Your CORE will be on-chain and start accruing interest at 03:00 on the same day. Rewards for CORE will be distributed to your funding account daily, whereas your SOL will be on-chain and start accruing interest at 03:00 3 days later. SOL rewards will be distributed every 3 days.
- If you subscribe after 03:00 (UTC) daily:
- Your CORE will be on-chain and start accruing interest at 03:00 the next day. Rewards for CORE will be distributed to your funding account daily, whereas your SOL will be on-chain and start accruing interest at 03:00 3 days later. SOL rewards will be distributed every 3 days.
Redemption information:
- Redemption requests can be submitted at any time.
- SOL: It takes approximately 3 days after submitting a redemption request for your SOL to be successfully redeemed and distributed to your funding account. You will not earn any rewards during the redemption period.
- CORE: It takes approximately one day after submitting a redemption request for your CORE to be successfully redeemed and distributed to your funding account. You will not earn any rewards during the redemption period.
- If you redeem the 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.
Important information:
- As Proof-of-Stake (PoS) and Delegated Proof-of-Stake (DPoS) mechanisms vary for different projects, it's important to fully understand the rules of each project before subscribing. These rules include, but are not limited to, minimum subscription amounts, interest accrual start times, reward distribution times, principal redemption periods, and expected annualized earnings.
- OKX will charge a 1% service fee for SOL and a 3% service fee for CORE staking. For detailed fee information, please refer to the product introduction page.
Disclaimer:
Aside from project launch and return distribution, OKX assumes no responsibility for disputes over any agreement, hacking incidents, project fraud, and other risks that may result in asset loss for the subscribers.
Thank you for your continued support. We'll be launching more new On-chain Earn products in the coming weeks. Stay tuned for more information.
The OKX team
December 14, 2023