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

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SINGAPORE, November 20, 2023 (GLOBE NEWSWIRE) — OKX, a leading Web3 technology company, today announced the launch of its “Web3 DeFi Bonus Season” campaign, offering users who stake ETH through its OKX DeFi aggregator the opportunity to to receive an additional annual percentage rate (APR) of up to 14%* on your invested funds.

The campaign, which runs until February 12, 2024 at 10:00 a.m. (UTC), rewards OKX DeFi users who stake their assets in the liquidity pools of the following liquidity protocols – Lido, Pendle, Equilibria, Penpie, Stader and Swell, with an improved APR between 2.4% and 14%, in addition to any base APR.

The additional APR received by users participating in this campaign depends on the specific protocol and liquidity pool chosen by the user. Users also have the option to increase their APR by investing the rewards they may receive from one protocol’s liquidity pool into another protocol’s liquidity pool.

For example, OKX DeFi users who stake ETH via the Lido Protocol can receive an increased APR of up to 3% in the form of stETH on top of any base APR. These users can then stake their stETH into one of Pendle’s stETH liquidity pools, such as. B. stETH 2024/12/26 to receive Pendle’s LP tokens. By subsequently staking tokens into Equilibria or Penpie liquidity pools, users will have the opportunity to pursue further opportunities to increase their APR and token rewards.**

This campaign also marks OKX’s expanded partnership with Lido; OKX initially partnered with Lido on August 22 to launch an ETH staking campaign that gave users the opportunity to earn a boosted APR of up to 3%. OKX and Lido have once again teamed up for the “Web3 DeFi Bonus Season” campaign, demonstrating their shared commitment to providing Web3 users with a seamless and secure ETH staking experience.

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

The story goes on

** Digital assets, including stablecoins, involve high risk and can fluctuate widely and even become worthless. Past performance is no indication of future results.

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 300+ other DEXs and around 15 bridges, with 200,000+ coins supported and 20+ 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 around 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

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