How do I use On-chain Earn?
What is On-chain Earn?
On-chain Earn features a curated and strictly audited selection of on-chain staking protocols, helping you easily earn on-chain rewards.
We conduct comprehensive evaluations of protocols from multiple dimensions, including audits, security, performance, compliance, team background, and governance, striving to provide you with the safest and most reliable On-chain Earn products.
Staking refers to depositing your crypto assets into a blockchain network to support its operation and maintain security, in return for corresponding rewards. These rewards typically come from newly issued tokens or transaction fees. Through staking, you can conveniently start earning passive income.
How to Earn?
App
- On the App homepage, tap [Discover] - [On-chain Earn], select the token (using ETH as an example)
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- Choose ETH Staking, enter the amount, tap Continue and Confirm to complete your subscription
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Web
- Visit okx.com and log in to your account. Go to [Finance] - [On-chain Earn] - [Select ETH] - [Subscribe]
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- Select [ETH Staking], enter the amount in the ETH Amount field. If your balance is insufficient, you can Buy or Deposit to obtain enough ETH tokens.
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- Check the box to agree to the user agreement, then Continue to complete the requirements
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Frequently Asked Questions
Q: Which crypto assets are supported by On-chain Earn?
- You can visit the On-chain Earn page to view the full list of supported assets, including supported networks, minimum amounts, reward distribution frequency, and availability.
Q: Are there any fees for using On-chain Earn?
- We adhere to the principle of transparency. The annual percentage yield (APY) you see already includes all fees, with no additional hidden charges.
- A 15% service fee will be charged on rewards earned through On-chain Earn. This fee will be clearly stated in the FAQ before you subscribe.
Q: When participating in On-chain Earn, what could cause failure when trying to borrow USDT with staked tokens?
This is usually due to some simple settings or status issues. Please check the following list for troubleshooting:
- Check network and token: Make sure the staked token and withdrawal network you selected fully match the platform’s supported range. Any mismatch will directly cause the operation to fail.
- Check account status: Is the collateral sufficient? Ensure you have enough of the specific token available in your account for staking. Are the fees sufficient? Check if you have enough available balance (such as platform tokens) to cover any miner fees or transaction fees that may be incurred by this borrowing transaction.
- Check feature settings: For certain tokens, you may need to go to the "Assets" page and manually enable the staking feature before proceeding.
- Check platform status: The platform may be undergoing temporary system maintenance, or your account may have temporarily restricted functions for security reasons. We recommend checking official announcements or notifications.
After completing the above checks, most issues can be resolved. If the problem persists, please take a screenshot and contact our customer support team promptly.
Friendly Reminder
OKX integrates third-party DeFi projects and only provides project information display and reward distribution services. We do not bear any responsibility for asset losses caused by potential risks such as contract vulnerabilities, hacking incidents, or DeFi project team absconding.