Introduction
OKX offers a diverse range of financial services, each with its own set of rules and risk profiles. Before participating, users must thoroughly review the terms—such as lock-up periods or potential losses—to select products aligned with their risk tolerance. Below, we explore four popular financial tools: Earn on Savings, Locked Staking, DeFi Services, and Dual Currency Investment.
1. Earn on Savings
Earn on Savings is OKX’s flexible interest-bearing product, allowing users to earn daily yields on idle crypto assets with no minimum deposit.
Key Features:
- Instant deposits/withdrawals
- Daily interest accrual
- Supports USDT, BTC, ETH, and other margin-trading coins
Minimum Interest Rule: No interest is paid if holdings fall below 0.0001 of a coin.
How to Use:
A. Deposit:
- Navigate to [Earn on Savings] via the OKX app homepage.
- Search for your desired coin (e.g., USDT) and click Deposit.
- Enter the amount and set a Minimum Annualized Rate (optional).
- Confirm to complete.
B. Withdraw:
- Go to [Assets] → [Financial Account].
- Select the product → [Order Management] → [Redeem].
- Funds and interest will transfer to your [Funding Account].
👉 Maximize your savings with OKX Earn on Savings
2. Locked Staking & DeFi Services
A. Locked Staking
A low-risk staking tool that rewards users for delegating assets to blockchain nodes via Proof-of-Stake (PoS).
Steps:
- Access [Earn] → [Locked Staking].
- Choose a project and confirm your deposit.
B. DeFi Services
A gateway to decentralized finance (DeFi) projects like Sushiswap and Aave, with zero fees and gas cost coverage by OKX.
Steps:
- Select [DeFi] under [Earn].
- Pick a project and invest.
👉 Explore DeFi opportunities on OKX
3. Dual Currency Investment
A non-guaranteed, high-yield product using options to speculate on BTC, ETH, or USDT price movements.
How It Works:
- Fixed returns, but settlement currency depends on market conditions vs. the strike price.
- Access via [Finance] → [Earn] → [Dual Currency].
Supported Coins:
- BTC/ETH pairs: Buy with respective coins.
- BTC-U/ETH-U: Buy with USDT.
FAQ
1. What is "Reference Annualized Yield"?
A theoretical rate based on daily returns (Reference Annualized = On-chain rewards / Locked amount / Days 365 100%).
2. When does interest accrue?
- Earn on Savings/Locked Staking: Interest starts T+1, paid T+2.
- Example: A deposit at 3:10 PM earns interest from 4:00 PM the next day, paid by 5:00 PM.
3. Why aren’t withdrawals instant?
Funds are matched hourly. A 4:05 PM withdrawal request settles by 5:00 PM.
4. What DeFi risks exist?
- Smart contract vulnerabilities
- Admin key risks
- Asset volatility
- Platform or user key management failures
OKX acts as a platform provider and does not compensate for third-party project losses.
By leveraging OKX’s financial tools, beginners can strategically trade USDT and other cryptocurrencies to capitalize on market opportunities while managing risks effectively.
Note: Always conduct independent research before investing.