OKX is launching an exciting new USDC Simple Earn product subscription campaign. Register and subscribe to the USDC Simple Earn product, and during the event period, the first 50,000 USDC deposited by a single user will earn an additional 5% annualized yield on top of existing rewards.
Event Period:
- Starts: January 29, 2024, 16:00 (UTC+8)
- Ends: April 28, 2024, 16:00 (UTC+8)
How to Participate:
- Visit the event page and click "Participate Now".
- Subscribe to the USDC Simple Earn product.
Key Rules:
- First 50,000 USDC earns an extra 5% annualized yield.
- Only net new USDC deposits in Simple Earn during the event qualify.
- Your USDC balance in Simple Earn must be higher than your initial balance at the start of the event.
Net New USDC Calculation:
Net New USDC = Total USDC in Simple Earn - Initial USDC Balance
- Initial Balance: Snapshot taken at January 29, 2024, 16:00 (UTC+8).
- Net new USDC and additional yield are calculated hourly.
- Withdrawals during the event will reduce your net new USDC amount.
Steps to Earn Rewards:
- Register: Click "Participate Now" on the event page. Only registered users are eligible.
- Deposit: Subscribe to Simple Earn with USDC.
Note: Users from certain jurisdictions cannot participate.
Reward Tiers:
- Tier 1: 0–1,000 USDC → Extra 5% yield
- Tier 2: 1,000+ USDC → Extra 5% yield
Rewards are accumulated bi-weekly and credited to your funding account every other Wednesday.
👉 Learn more about Simple Earn
Key Terms and Conditions:
- Event runs from January 29 to April 28, 2024 (UTC+8).
- Total rewards pool: 200,000 USDC (extra 5% yield).
- Additional yield applies only when USDC is successfully lent.
Users must:
- Click "Participate Now" and
- Complete identity verification.
- Reward cap: 50,000 USDC per user. Excess USDC earns market rates.
- Main accounts only; sub-accounts ineligible.
- Prohibited jurisdictions: Hong Kong, Belgium, Cuba, France, Iran, Japan, North Korea, Crimea, Malaysia, Singapore, Syria, USA (including territories), Bahamas, Canada, Netherlands, UK, Ireland, Bangladesh, Bolivia, Donetsk, Luhansk, Malta.
Risk Warning:
- Digital assets are volatile. Investments may lose value.
- OKX is not liable for losses.
- Consult a financial advisor before investing.
OKX reserves the right to modify or terminate the event without notice.
FAQs
1. How is the additional 5% yield calculated?
The extra yield is applied hourly to your net new USDC deposits (up to 50,000 USDC). Withdrawals reduce your eligible amount.
2. When are rewards distributed?
Rewards are accumulated bi-weekly and credited every other Wednesday.
3. Can sub-accounts participate?
No, only main accounts are eligible.
4. What happens if I withdraw USDC during the event?
Your net new USDC balance (and rewards) will adjust downward proportionally.
5. Are there geographic restrictions?
Yes, users from prohibited regions (e.g., US, UK, Japan) cannot participate.
6. Is there a minimum deposit?
No, all net new USDC deposits qualify, but rewards cap at 50,000 USDC per user.