OKX to support Fast Redemption for On-chain Earn ETH, SOL & DOT Staking
We are pleased to announce that fast redemption for On-chain Earn ETH, SOL & DOT Staking will be enabled at 09:30 UTC on Sept 26, 2024, subject to our On-Chain Staking User Agreement.
Background
As on-chain redemption periods may vary, supporting fast redemption may help users quickly access the funds. Fast redemption amounts are subject to a daily limit.
Daily Limit
This limit is determined by a fixed individual limit and a dynamic platform limit. The fast redemption amount is capped at the smaller of the two limits. Amounts exceeding this limit will be redeemed with regular on-chain redemption periods.
The fixed individual limit details are as follows:
ETH: 100
SOL: 240
DOT: 1300
The dynamic platform limit is set based on daily system liquidity.
Disclaimer
On-chain Earn products are subject to the On-Chain Earn User Agreement. Some of the risks in using On-chain Earn products are described here. For a fuller description of the risks, please refer to the On-chain Earn User Agreement.
Regarding On-chain Earn products, as the Staking mechanisms for different projects may vary, it's important to carefully read and understand the mechanism for each project before subscribing. These rules include, but aren't limited to, the minimum redemption amount, rewards accrual start time, reward distribution time, minimum lockup time before principal can be redeemed, and expected annualized earnings.
OKX will charge a certain percentage of fees from users. For detailed fee information, please refer to the On-chain Earn product introduction page introduction page.
OKX assumes no responsibility for disputes over any hacking incidents, fraud, and other risks that may result in asset loss for the users.
Thank you for your continued support. We'll be launching more On-chain Earn products in the near feature. Stay tuned for more information.
OKX team
Sept 27, 2024