OKX Savings is a value-added service that allows users to deposit their crypto assets to earn market-based interest on an hourly basis, and withdraw their assets at any time. The entire process is secured by our reliable risk management system so that users can earn profits while their assets are protected.
Use of assets
Crypto assets from Savings users will be loaned to margin traders. Our Savings service only supports listed crypto that can be used for margin trading.
Subscription and redemption
1. Subscription
Lenders can subscribe at any time. Following subscription, their crypto will be locked in Savings to participate in interest rate bidding. Crypto will be lent to margin traders if a bid is successful.
2. Redemption
Lenders can redeem their crypto at any time. They will receive the redeemed crypto immediately. The crypto to be redeemed will not participate in the next round of interest rate bidding or generate interest for users for the current hour.
Rules for deposit limits
The table below shows the deposit limits for different crypto. Master accounts and sub-accounts share the deposit limit. There is no redemption limit. OKX reserves the right to adjust the deposit and redemption limits based on the latest market developments and risks.
| Crypto |
Deposit limit |
|---|---|
| BTC |
50 |
| LTC |
10,000 |
| ETH |
1,000 |
| ETC |
40,000 |
| USDT |
5,000,000 |
| XRP |
500,000 |
| EOS |
50,000 |
| BCH |
1,000 |
| TRX |
5,000,000 |
| QTUM |
10,000 |
| BSV |
1,000 |
| DASH |
200 |
| NEO |
1,000 |
| OKB |
100,000 |
| ONT |
100,000 |
| ADA |
1,500,000 |
| ZEC |
4,000 |
| IOST |
10,000,000 |
| OMG |
20,000 |
| XLM |
2,000,000 |
| BTT |
100,000,000 |
| ATOM |
20,000 |
| ALGO |
100,000 |
| XMR |
5,000 |
| LINK |
50,000 |
| BTM |
200,000 |
| HC |
20,000 |
| ZIL |
2,000,000 |
| ELF |
200,000 |
| IOTA |
300,000 |
| XTZ |
50,000 |
| VSYS |
500,000 |
| HBAR |
200,000 |
| RVN |
50,000 |
| THETA |
300,000 |
| NAS |
100,000 |
| SNT |
2,000,000 |
| XEM |
500,000 |
| COMP |
100 |
| KNC |
20,000 |
| DOGE |
10,000,000 |
| DOT |
50,000 |
| SRM |
5,000 |
| ANT |
5,000 |
| SNX |
2,000 |
| MKR |
100 |
| ZRX |
100,000 |
| DOT |
50,000 |
| BAT |
50,000 |
| WAVES |
5,000 |
| YFI |
1 |
| YFII |
5 |
| SUSHI |
2,000 |
| CRV |
2,000 |
| UMA |
500 |
| BAND |
500 |
| JST |
200,000 |
| REN |
20,000 |
| KSM |
200 |
| TRB |
200 |
| RSR |
200,000 |
| WNXM |
200 |
| BAL |
200 |
| STORJ |
20,000 |
| LRC |
50,000 |
| SWRV |
1,000 |
| SUN |
200 |
| UNI |
10,000 |
| AVAX |
2,000 |
| FLM |
10,000 |
| ZEN |
2,000 |
| FIL |
1,000 |
| AAVE |
500 |
| CVC |
100,000 |
| GRT |
30,000 |
| NEAR |
15,000 |
| EGLD |
500 |
| BNT |
15,000 |
| 1INCH |
5,000 |
| MIR |
2,000 |
| TORN |
150 |
| MASK |
5,000 |
| CFX |
20,000 |
| CHZ |
30,000 |
| MANA |
600,000 |
| ALPHA |
15,000 |
| LUNA |
3,000 |
| FTM |
150,000 |
| CONV |
300,000 |
| SKL |
50,000 |
| DORA |
1,000 |
| ENJ |
20,000 |
| MATIC |
100,000 |
| FLOW |
5,000 |
| SAND |
50,000 |
| PERP |
5,000 |
| ANC |
5,000 |
| SC |
500,000 |
| CRO |
250,000 |
| LAMB |
500,000 |
| LPT |
2,000 |
| CELR |
1,000,000 |
| XCH |
1,000 |
| LAT |
50,000 |
| CSPR |
100,000 |
| ICP |
3,000 |
| SHIB |
100,000,000,000 |
| NANO |
3,000 |
| AKITA |
6,000,000,000 |
| MINA |
15,000 |
| BZZ |
10,000 |
| KAR |
15,000 |
| YGG |
10,000 |
| CLV |
25,000 |
| EFI |
20,000 |
| CQT |
30,000 |
| WNCG |
10,000 |
| SLP |
100,000 |
| AGLD |
10,000 |
| NYM |
4,000 |
| ASTR |
70,000 |
| DOME |
400,000 |
| API3 |
1,000 |
| RSS3 |
6,000 |
| UMEE |
40,000 |
| LOOKS |
2,500 |
| GLMR |
1,000 |
| SOS |
1,500,000,000 |
| BICO |
1,000 |
| PEOPLE |
150,000 |
| NFT |
1,000,000,000 |
| IMX |
6500 |
| ENS |
100 |
| BABYDOGE |
2,000,000,000,000 |
| KISHU |
1,500,000,000,000 |
| STARL |
90,000,000 |
| GODS |
500 |
Interest rate setting and interest distribution
1. Interest rate setting
You can set your own minimum APY or allow the system to determine the most favorable rate for you. The marketplace checks borrowing demand every hour and sorts lending bids by the minimum APY from the lowest to highest, until the total loan demand is satisfied. The highest bid is then set at the current market APY.
The system approves loans based on the following rules:
If your minimum APY is less than the current market APY, the loan will be given out at the current market APY.
If your minimum APY is more than the current market APY, the loan will not be given out for the hour.
If your minimum APY is the same as the current market APY, the loan may be partially given out or not given out at all.
When the minimum APY of more than one lender is the same as the current market APY, loans are approved based on a first-offered-first-approved basis.
2. Interest calculation and distribution
For users whose lending offers are successfully matched on the hour T, the hourly interest for the corresponding loan amount from T to T+1 will be distributed on the hour T+1.
15% of the interest will be deposited as margin and 85% will be distributed to Savings users. Actual interest = Actual loan amount * Current APY/365/24 * 85%.
3. Source and use of margin
15% of the interest paid by margin traders will be deposited as margin to cover potential losses. OKX reserves the right to use the 15% interest for other purposes.
In the event that the margin cannot cover potential losses, a maximum of 50% of Savings users' daily interest will be appropriated to cover the outstanding loss so as to ensure users receive interest every day. The rest of the outstanding loss will be temporarily covered by the platform and this amount will be gradually deducted from margin and daily interest in the future.
4. Minimum balance requirement for interest generation
1. Crypto price ≥ 1,000 USDT: 0.0001
2. 100 USDT≤ Crypto price < 1,000 USDT: 0.001
3. 10 USDT≤ Crypto price < 100 USDT: 0.01
4. 1 USDT≤ Crypto price < 10 USDT: 0.1
5. Crypto price < 1 USDT: 1
Crypto prices are updated at 4:00 PM UTC every day.