AAVE v3 (Avalanche) - USDT and USDC On-chain Earn product & additional AVAX rewards event phase 2 launch announcement

OKX will offer AAVE v3 (Avalanche) - USDT and USDC on On-chain Earn, starting from 13:00 UTC on Oct 3, 2024. This will allow users to experience on-chain rewards without any hassle.

About AAVE v3 Event

1. AAVE v3 (Avalanche) - USDT: As of Oct 31, AAVE v3 (Avalanche) - USDT will share an additional 1600 AVAX rewards with OKX Web3 Wallet.

2. AAVE v3 (Avalanche) - USDC: As of Oct 31, AAVE v3 (Avalanche) - USDC will share an additional 1600 AVAX rewards with OKX Web3 Wallet.

For users currently participating in the AAVE v3 (Avalanche) - USDT and USDC event phase 1, you can enjoy the rewards of the event phase 4 without the need to redeem your funds.

For information about previous events, please refer to the following: https://www.okx.com/help/aave-v3-avalanche-usdt-and-usdc-on-chain-earn-product-and-additional-avax

Rewards and distribution rules

• Deposit rewards: Users earn rewards by depositing the base asset USDT/USDC into the protocol. The rewards will be disbursed when the user redeems the principal.

• sAVAX token rewards: The rewards will be unwrapped to AVAX and distributed to users on the 17th day after the subscription.

• AVAX token rewards: The rewards will be distributed daily to the users' funding accounts during the event.

On-chain Earn highlights:

• No subscription limits

• Simplified operational steps resulting in a more fluid user experience

• Real on-chain annualized earnings

How to Subscribe?

1. In On-chain Earn, search USDT/USDC

2. Select AAVE v3 (Avalanche)

Disclaimer

1. Regarding On-chain Earn products, as the Defi mechanisms for different projects may vary, it's important to carefully read and understand the mechanism rules for each project before subscribing. These rules include, but aren't limited to the minimum redemption amount, rewards accrual start time, reward distribution time, principal redemption period, and expected annualized earnings.

2. OKX will extract a certain percentage of fees from users. For detailed fee information, please refer to the product introduction page.

3. Except for project launch and reward 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 users.

Thank you for your continued support. We'll be launching more On-chain Earn products in the future. Stay tuned for more information.

OKX team

Oct 3, 2024