SINGAPORE, Dec. 05, 2023 (GLOBE NEWSWIRE) -- OKX, a leading Web3 technology company, launched, on November 14, the 'Web3 DeFi Bonus Season' campaign, offering users who stake ETH via the OKX Wallet the opportunity to receive an additional Annual Percentage Rate (APR) of up to 14%* on their staked funds.
The campaign, which runs until February 12, 2024 at 10:00 (UTC), rewards OKX DeFi users who stake their assets into the liquidity pools of the following liquidity protocols - Lido, Pendle, Equilibria, Penpie, Stader, Swell and Tranchess - with an enhanced APR ranging from 2.4% to 14%, in addition to any base APR.
Single-Asset ETH Staking for Higher APR
If users want to simply stake ETH, they can deposit funds into eligible protocols, including Lido, Stader, Swell, and Tranchess, to earn a high APR.
1. Lido, Additional Bonus up to 3% APR
Until June 2024, users staking ETH with Lido through 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 up to 2.4% APR
Until December 11, 2023, users staking ETH with Stader protocol through 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 staking ETH with Swell protocol through the OKX Web3 DeFi platform will swap to swETH and receive an additional bonus of up to 8% APR in swETH.
Given that Swell currently does not support redemption, ETH staked through OKX Web3 DeFi will be swapped into swETH instead of being staked, providing users with a 2% discount. In other words, when Swell supports redemption, users can get 1 ETH for the price of 0.98 ETH. Participate now: https://www.okx.com/web3/defi/detail/21915
4. Tranchess, Additional Bonus up to 8% APR
Until January 26, 2024, users staking ETH with Tranchess protocol through 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 Yield Boosts
In addition to the single-asset ETH staking with APR bonuses, if users engage in multiple staking through the six protocols (Lido, Stader, Swell, Pendle, Equilibria, and Penpie) collaborating in this event via the OKX Web3 DeFi platform, they can gain multiple rewards by stacking additional APR subsidies.
For example, users can first stake ETH in Lido, Stader, or Swell to obtain staking 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 gain additional interest and the protocol's own liquidity staking rewards, earning multiple returns.
*Note: The total rewards for this campaign are capped at US$300,000. For the campaign's full terms and conditions, click here.
For further information, please contact:
Media@okx.com
About OKX
A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:
• OKX Wallet: The world's most powerful, secure and versatile crypto wallet which gives users access to over 80 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, 'written down' seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.
• DEX: A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported.
• NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.
• Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.
OKX partners with a number of the world's top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.
As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.
To learn more about OKX, download our app or visit: okx.com
