stETH

Partnering with external protocols, OKX Web3 DeFi has launched a series of bonus events. The aim is to bring more yields (i.e. extra rewards) to both OKX Web3 DeFi and protocol users during the event period.

Your bonus rewards will be directly distributed to your reward contract by the protocol. OKX Web3 DeFi won’t be involved. The reward contract is non-upgradeable and open-sourced for public viewing.

You can view and claim your bonus rewards at the bottom of the investment detail page, or by going to Dashboard on OKX Wallet.

DIVA is an Ethereum liquid staking protocol powered by Distributed Validator Technology (DVT).

DIVA vaults will earn you Ethereum staking rewards and $DIVA, a token reward from DIVA, when you deposit stETH. Also, the deposit via OKX Web3 DeFi will earn you $DIVA on top of those accumulated rewards.

According to the roadmap, the DIVA protocol will be on the mainnet in Q1-Q2 2024.

stETH will remain in DIVA vaults before launch. After the mainnet launch, all stETH will be converted to divETH, DIVA’s Liquid Staking Token (LST). It'll generate Ethereum staking rewards and can freely trade on decentralized exchanges.

$DIVA can only become transferable once approved by DIVA DAO. This also means the extra $DIVA you earn via OKX Web3 DeFi can only be received once the transfer is approved by DIVA DAO.

You can redeem stETH anytime before launch, but all your DIVA rewards will be lost. Also, the rewards accumulated on OKX Web3 DeFi will be halved during distribution.

The conversion of stETH to divETH after launch may cause insufficient liquidity, and you may not be able to redeem temporarily. Plus, similar to any DeFi protocol, DIVA also has a protocol risk. This means the protocol could be hacked, causing a loss of your funds.