APT staking launching on On-chain Earn
Publicado el 11 ene 2024lectura de 3 min
OKX will offer APT subscriptions on On-chain Earn starting from Jan 11, 2024 at 03:00 (UTC). This will allow users to easily experience on-chain rewards without any hassle.
On-chain Earn highlights
- No subscription limits
- Simplified operational steps resulting in a more fluid user experience
- Real on-chain annualized earnings
Details of the products can be found in the table below.
| Product | Category | Stake | Receive | Product quota | Individual quota | Min. staking amount | Redemption time | Reward distribution |
|---|---|---|---|---|---|---|---|---|
| On-chain Earn | Staking | APT | APT | N/A | N/A | 1 APT | 1-30 Days | 1-30 Days |
To stake APT on On-chain Earn, follow the instructions below:
On browser: Navigation bar > Grow > Earn > On-chain Earn, choose APT and select subscribe
On the OKX app: Grow > Earn > On-chain Earn, choose APT and select subscribe
Product Mechanism
Earnings and subscription:
- If you subscribe before 03:00 (UTC) daily:
- Your APT will be on-chain and start accruing interest at 03:00 on the same day. Reward distribution time depends on the monthly epoch, which is set by the Aptos network and is dynamic. Therefore, it could take anywhere between 1-30 days to receive rewards, which will be sent to your funding account.
- If you subscribe after 03:00 (UTC) daily:
- Your APT will be on-chain and start accruing interest at 03:00 on the same day. Reward distribution time depends on the monthly epoch, which is set by the Aptos Network and is dynamic. Therefore, it could take anywhere between 1-30 days to receive rewards, which will be sent to your funding account.
Redemption:
- Redemption requests can be submitted at any time. Redemption takes anywhere from 1-30 days, based on the time between your redemption time and the time of the Aptos Network's epoch. Afterwards, your APT will be redeemed from the chain and distributed to your funding account. There are no rewards during the redemption period.
- If you redeem the principal before the reward distribution date, OKX will calculate rewards based on the actual number of days staked and distribute them to your funding account on the reward distribution day.
Disclaimer
- As Proof-of-Stake (PoS) mechanisms vary for different tokens, it's important to fully understand the rules and details of each project before subscribing. These include, but aren't limited to minimum redemption amounts, interest accrual start times, reward distribution times, redemption periods, and expected annualized earnings.
- OKX will charge a 7% service fee for APT staking. For more detailed fee information, please refer to the respective tokens' product introduction pages.
- Aside from project launch and reward distribution, OKX assumes no responsibility for disputes over any disagreements, hacking incidents, project fraud, and other risks that may result in asset loss for subscribers.
Thank you for your continued support. We'll be launching more On-chain Earn products in the coming weeks. Stay tuned for more information.
OKX team
Jan 11, 2024