OKEx will launch KSM staking service at 8:00 am Jan 7th, 2021 (UTC) .Users will then be able to stake KSM with one click and earn daily. It is estimated that the annualized rate of return for KSM staking is 14%. However, this is just an estimate and not a guarantee or promise for actual yield.
Why stake KSM on OKEx?
1. OKEx will assume all the costs of KSM node set-up.
2. OKEx will distribute all the generated on-chain revenue to users.
3. Yield will be distributed on a T+1 day basis.
KSM staking rules:
1. Staking revenue calculation : OKEx will calculate the proportion of each user’s staking principal against the platform’s total staking principal. Participating users will share the on-chain reven daily, and it will be distributed in KSM.
2. Yield distribution : Yield will be distributed daily at 3:00 am UTC in proportion to the user's staked funds from the previous day.
3. Minimum amount required to stake : 0.1 KSM.
4. Staking funds will be transferred to user’s funding account on a T+1 day basis.
How to participate:
Web : Click on Finance from the top navigation bar, select Earn to enter the activity page and stake KSM.
App : Tap on Earn/DeFi on the homepage and choose to stake KSM.
Jan. 5 2021