Enjoy 5% extra APR on Simple Earn USDC!

Published on Jan 29, 2024Updated on Apr 4, 20247 min read

We're thrilled to announce a brand new promotion for Simple Earn USDC. Register for the campaign then deposit up to 50,000 USDC on Simple Earn and earn 5% APR on top of existing rewards.

Campaign period: January 29, 2024 08:00 UTC to April 28, 2024 08:00 UTC
Participation: Go to the campaign page, click "Join now", and deposit USDC on Simple Earn

Campaign landing page>>>

Campaign rules:

During this campaign, you can earn an extra 5% APR for up to 50,000 USDC that you deposit on Simple Earn, as long as it exceeds the amount you deposited before the campaign started. Please note that the bonus APR only applies to your incremental USDC balance, which is USDC deposited during the campaign period.

Incremental USDC balance = Total USDC on Simple Earn - Initial USDC on Simple Earn

  • "Initial USDC on Simple Earn" refers to the amount of USDC deposited in Simple Earn on the initial snapshot date, which is on January 29, 2024, 08:00 UTC.
  • Your incremental USDC balance is calculated hourly and your extra 5% interest is calculated hourly as well.
  • If you withdraw any USDC from Simple Earn during the campaign period, your Incremental USDC balance will decrease accordingly.

Step 1 - Go to the campaign page and click "Join campaign" to participate. You must do this first to receive the bonus APR.
Step 2 - Go to Simple Earn and deposit USDC.
*Users in certain jurisdictions are unable to participate in the campaign.

The additional 5% APR applies to both Tier 1 (0 to 1,000 USDC) and Tier 2 (Over 1,000 USDC) Simple Earn subscriptions. The rewards from the Additional 5% APR will be accrued and distributed to your funding account once every 2 weeks. Rewards will be accrued from Monday to the following Sunday, and distributed to your funding account by Wednesday the week after.

Any USDC deposited beyond the 50,000 USDC cap will earn the standard market rate APR.

Terms and Conditions

  1. The "USDC Simple Earn Campaign" promotion period starts at 08:00 (UTC) on Jan 29, 2024 and ends at 08:00 (UTC) on Apr 28, 2024.
  2. The allocated budget for this campaign is 200,000 USDC, which is to be allocated as an additional 5% APR. Once the budget is fully depleted, the campaign will end automatically.
  3. Users will only start earning an additional 5% APR on USDC Tier 2 when the deposited USDC is lent out.
  4. By default, users who enter the campaign page and participate in this campaign have read and understood the Terms and Conditions of this campaign.
  5. Only users that: (1) Click on the Join Now button; (2) complete verification, are eligible for the rewards.
  6. During the campaign period, each eligible user can earn an additional 5% APR capped at an incremental 50,000 USDC. Any additional USDC beyond this cap will earn the standard market rate APR.
  7. Participation in this campaign is restricted to the main account only. Sub-accounts are not eligible to participate. The earnings of sub-accounts will not be included in the calculation of the earnings of the main account.
  8. According to local laws and regulations, users from the following countries or regions (subject to verification information) are not eligible to participate in this campaign: Hong Kong, Belgium, Cuba, France, Iran, Japan, North Korea, Crimea, Malaysia, Singapore, Syria, United States of America including all U.S.A. territories like Puerto Rico, American Samoa, Guam, Northern Mariana Island, and the US Virgin Islands (St. Croix, St. John and St. Thomas), the Bahamas, Canada, the Netherlands, the United Kingdom, Ireland, Bangladesh, Bolivia, Donetsk, Luhansk and Malta.
  9. This campaign does not constitute or shall not be considered as a recommendation to deal in any products, or investment advice. Digital assets are speculative and highly volatile, can become illiquid at any time, and are for investors with a high-risk tolerance. Investors in digital assets could lose the entire value of their investment.
  10. Please note that the value of prizes may fluctuate. Due to such price fluctuations, the value of your prize may increase or decrease in value at any given moment. OKX is not responsible for fluctuations in the value of prizes due to market fluctuations. All applicable taxes, costs, and additional expenses associated with the acceptance and use of the prize are the sole responsibility of the campaign prize recipient.
  11. Any and all applicable taxes and all fees and additional expenses, including connection, installation, and/or service costs, related to acceptance and use of the reward are the sole responsibility of the individual reward recipient.
  12. During the campaign period, OKX will closely track the behaviour of traders to avoid any form of cheating or abnormal behaviour, including but not limited to: registering multiple accounts, using other people's accounts, using other people's information to register accounts, false KYC information, maliciously increasing trading data, engaging in laundering trades or wash trades, violating the terms and conditions of the campaign, violating local regulatory rules for transaction and any other campaigns related to illegal, fraudulent or harmful purposes. If any of the above acts are deemed to be discovered by OKX, OKX reserves the right to disqualify the user from the prize.
  13. Notwithstanding anything to the contrary herein, OKX reserves the right to exclude any participant from participating in this campaign without notice.
  14. Risk warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment may fluctuate and you may lose the amount invested. You are solely responsible for your investment decisions and OKX is not liable for any losses that may arise. Past performance also does not constitute a reliable predictor of future performance. You should only invest in products that you are familiar with and understand the risks involved. You should consider your own investment experience, financial situation, investment objectives and risk appetite and consult an independent financial adviser before making any investment. This document should not be regarded as financial advice. Please refer to the OKX Terms of Use and Risk Warning for further details.
  15. The value of digital assets, including but not limited to stablecoins, can and do fluctuate greatly from time to time. The value of any reward under this Campaign at the time a participant qualifies for such reward may not be equal to the value of such reward at the time of distribution to the participant. Due to such fluctuations, users may experience a significant increase or decrease in the value of their assets at any given moment.
  16. OKX reserves the right to determine and amend the rules of the campaign at any time without further notice, including but not limited to cancelling, extending or terminating this campaign, modifying the eligibility conditions for users participating in the campaign, and adjusting the campaign and Reward rules. All participants shall be bound by these revised terms.
  17. OKX reserves the right of final interpretation of this promotion. Please contact the customer service team if you have any questions.
  18. OKX has always taken its compliance obligations seriously and has always complied with the requirements of local regulators. We ask that you comply with the relevant laws and regulations of your country or region.
  19. OKX is not responsible for technical, graphic, typographical or editorial errors or omissions. For more information, please visit www.okx.com © OKX
  20. Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.