AAVE v3 (Avalanche) - USDT and USDC On-chain Earn product & additional AVAX rewards event launch announcement

OKX will offer AAVE v3 (Avalanche) - USDT and USDC on On-chain Earn, starting from 13:00 am UTC on Sept 25, 2024. This will allow users to experience on-chain rewards without any hassle.

1. About AAVE v3 Event

   • AAVE v3 (Avalanche) - USDT/USDC : As of Oct 1, AAVE v3 (Avalanche) will share an additional 800 AVAX rewards with OKX Web3 Wallet.

   • For more information about the event, please stay tuned to the product page

2. Rewards and distribution rules

   • Deposit rewards: Users earn rewards by depositing the base asset USDT/USDC into the protocol. The rewards will be disbursed when the user redeems the principal.

   • sAVAX token rewards: OKX Earn will redeem sAVAX into AVAX via BENQI protocol and distribute it to users. Due to the on-chain mechanism, users will get the reward daily since the 17th day after the subscription.

   • AVAX token bonus: The rewards will be distributed daily to the users' funding accounts during the event.

On-chain Earn highlights:

• No subscription limits

• Simplified operational steps resulting in a more fluid user experience

• Real on-chain annualized earnings

How to Subscribe?

1. In On-chain Earn, search USDT/USDC

2. Select AAVE v3 (Avalanche)

Disclaimer

1. Regarding On-chain Earn products, as the Defi mechanisms for different projects may vary, it's important to carefully read and understand the mechanism rules for each project before subscribing. These rules include, but aren't limited to the minimum redemption amount, rewards accrual start time, reward distribution time, principal redemption period, and expected annualized earnings.

2. OKX will extract a certain percentage of fees from users. For detailed fee information, please refer to the product introduction page.

3. Except for project launch and reward distribution, OKX assumes no responsibility for disputes over any agreement, hacking incidents, project fraud, and other risks that may result in asset loss for the users.

Thank you for your continued support. We'll be launching more On-chain Earn products in the future. Stay tuned for more information.

OKX team

Sept 25, 2024