OKX launches the “Web3 DeFi Bonus Season” campaign, giving users the opportunity to earn an additional APR of up to 14%

SINGAPORE, December 5, 2023 (GLOBE NEWSWIRE) — OKa leading Web3 technology company, launched the “Web3 DeFi bonus season' campaign that offers users who stake ETH through the OKX Wallet the opportunity to earn an additional Annual Percentage Rate (APR) of up to 14%* on their staked funds.

The promotion, which runs until February 12, 2024 at 10:00 a.m. (UTC), rewards OKX DeFi Users who invest their assets in the liquidity pools of the following liquidity protocols: Lido, Pendulum, Equilibria, Penpie, Cities, swelling And Tranche – with an increased APR between 2.4% and 14%, in addition to any base APR.

Single-asset ETH staking for higher APR

If users simply want to stake ETH, they can deposit funds into suitable protocols such as Lido, Stader, Swell, and Tranchess to earn a high APR.

1. Lido, additional bonus up to 3% APR

Until June 2024, users who stake ETH with Lido via the OKX Web3 DeFi platform can receive an additional bonus of up to 3% APR in stETH. Participate now: https://www.okx.com/web3/defi/detail/10002

2. Stader, additional bonus of up to 2.4% effective annual interest rate

Until December 11, 2023, users who stake ETH with Stader Protocol via the OKX Web3 DeFi platform can receive an additional bonus of up to 2.4% APR in SD. Participate now: https://www.okx.com/web3/defi/detail/21373

3. Swell, additional bonus up to 8% APR

Until April 12, 2024, users who stake ETH with the Swell protocol via the OKX Web3 DeFi platform will switch to swETH and receive an additional bonus of up to 8% APR in swETH.

Since Swell does not currently support redemption, ETH staked via OKX Web3 DeFi will be exchanged for swETH instead of being staked, giving users a 2% discount. In other words, if Swell supports redemption, users can receive 1 ETH at a price of 0.98 ETH. Participate now: https://www.okx.com/web3/defi/detail/21915

4. Tranche, additional bonus up to 8% effective annual interest rate

Until January 26, 2024, users who stake ETH with the Tranchess protocol via the OKX Web3 DeFi platform can receive an additional bonus of up to 8% APR. Participate now: https://www.okx.com/web3/defi/detail/20855

Simplified on-chain processes, multiple increases in yield

In addition to single-asset ETH staking with APR bonuses, users can make multiple staking across the six protocols (Lido, Stader, Swell, Pendle, Equilibria and Penpie), which in this case work together through the OKX Web3 DeFi platform multiple rewards by stacking additional APR subsidies.

For example, users can first stake ETH in Lido, Stader, or Swell to obtain LP tokens, then stake these certificates in Pendle to receive liquidity certificates and earnings, and finally stake Pendle's liquidity certificates in Equilibria or Penpie to earn additional interest The protocol's own liquidity staking rewards generate multiple returns.

*Note: The total reward for this campaign is capped at $300,000. Full campaign terms and conditions can be found here.

For further information please contact: [email protected]

About OKX

As a leading global technology company powering the future of Web3, OKX offers a comprehensive range of products to meet the needs of beginners and experts alike, including:

• OKX Wallet: The world's most powerful, secure and versatile crypto wallet, giving users access to over 80 blockchains while allowing them to manage their own funds. The wallet features MPC technology that allows users to restore access to their wallet on their own, eliminating the need for traditional, “written down” seed phrases. Additionally, OKX Wallet's account abstraction-based Smart Account allows users to pay for transactions on multiple blockchains with USDC or USDT and interact with multiple contracts through a single transaction.

• DEX: A multi-chain, cross-chain decentralized exchange aggregator with more than 300 other DEXs and about 15 bridges, with more than 200,000 coins and more than 20 supported blockchains.

• NFT Marketplace: A multi-chain, fee-free NFT marketplace that provides users with access to NFT offerings across seven premier marketplaces, including OpenSea, MagicEden, LooksRare and Blur.

• Web3 DeFi: A powerful DeFi platform that supports earning and staking on approximately 70 protocols across 10+ chains.

OKX works with a number of the world's top brands and athletes, including English Premier League champions Manchester City FC, McLaren Formula 1, Tribeca Festival, Olympian Scotty James and Formula 1 driver Daniel Ricciardo.

As a leading manufacturer of innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign called “The System Needs a Rewrite,” championing a new paradigm led by self-governing Web3 technology.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

Source: OKX

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