Earn provides multiple choices of investment services, including products of crypto value-added, staking, loan-invest and DeFi services (third-parties). It makes it easier for you to earn interest through our services.
What is Annual Percentage Yield (APY)?
Revenue of Earn consists of interests from deposited crypto and mining rewards (Only partial accessed DeFi services support extra mining rewards).
APY is the annualized interest rate of deposited crypto. Aggregate percentage yield is the sum of interest rates from depositing and mining, and these two rates are floating. Actual interest rates of different projects are determined by actual mining efficiencies on chains.
When does revenue calculation/distribution start?
The calculation/distribution time of revenue may be different for different projects. Take DeFi service as an example, we send mining funds that deposited by users to the contract addresses of third-party DeFi services at around 11 am (HKT) daily, and revenue calculation starts as soon as funds get on-chain successfully (Due to the possible delay of on-chain operations, the actual on-chain time of the funds shall prevail). Revenue consists of interests and rewards: interest and principal are distributed on the one day after user redeems order; the reward is distributed at around 12 am (HKT) daily. All funds are settled in locked mining accounts.
What are the risks?
OKX accesses third party DeFi protocols, and only provides related services such as project display and revenue distribution, and does not take responsibility for any asset losses caused by potential risks such as contract vulnerabilities, hacking incidents, or termination of business, bankruptcy, abnormal suspension or cessation of trading of third party DeFi platforms or projects.