OKX Announces Support for ETH2.0 Staking Mining Services

Dear OKX Users,

To facilitate ETH2.0 validator node staking and enhance liquidity for staking mining, OKX will launch ETH2.0 Staking Mining Services starting December 14 at 16:00 (HKT). Users can stake ETH with one click to receive mining vouchers (BETH) at a 1:1 ratio and claim daily mining rewards.

Key Benefits of ETH2.0 Staking on OKX

✅ Zero Infrastructure Costs: OKX covers all ETH2.0 node setup expenses.
✅ Full Chain Rewards: 100% of on-chain rewards distributed to users.
✅ Slashing Risk Protection: OKX assumes all on-chain penalties (Slash).
✅ Additional USDT Incentives: Earn extra USDT rewards alongside staking yields.

ETH2.0 Staking Rules

1. Staking Ratio: 1 ETH = 1 BETH.

2. Rewards Calculation:

   • Annualized yield: 6%–20% (based on actual on-chain returns).
   • Rewards distributed in BETH, reflecting staked amount and duration.

3. Reward Distribution:

   • Credited daily at 11:00 (HKT) via T+1 settlement.
4. Minimum Stake: 0.1 ETH.
5. BETH Trading: OKX may enable BETH trading based on staking conditions.

6. Lock-Up Period:

   • Funds locked for ~2 years (per ETH2.0 protocol) with no early redemption.

7. USDT Reward Campaign:

   • Period: December 17–31, 2020 (HKT).
   • Details announced pre-launch; KYC2 required.

USDT Reward Allocation Rules

During the campaign, users will split a $100,000 USDT prize pool proportionally based on their staked ETH vs. total platform staked ETH. Rewards distributed by January 6 (HKT).

How to Participate

• Web: Navigate to Finance Services > Earn, select ETH staking. BETH tokens will auto-credit to your funding account.
• APP: Access Earn via homepage, choose ETH staking.

👉 Download OKX APP

What Is BETH (Beacon ETH)?

To address liquidity during staking, OKX issues BETH—a token pegged to on-chain staked assets. BETH is the sole 1:1 redemption voucher for ETH post-ETH2.0 upgrade.

FAQs

Q1: Can I unstake ETH early?
A: No. Staked ETH is locked for ~2 years per ETH2.0 rules.

Q2: When do rewards start accruing?
A: Rewards begin T+1 after staking, distributed daily.

Q3: Is BETH tradable?
A: Trading depends on market conditions; OKX will notify users if enabled.

Q4: How are USDT rewards calculated?
A: Users receive USDT based on their % share of total staked ETH during the campaign.

Thank you for supporting OKX!

OKX Team
December 14, 2020 (HKT)

👉 Join OKX Official Community

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