Get to know OKX Simple Earn Fixed product
Published on Jun 5, 20242 min read
We're pleased to announce that OKX Simple Earn Fixed product is available to all users starting from May 30, 2024. We currently support USDT, USDC, BTC, and ETH.
About Simple Earn Fixed
Simple Earn Fixed is a lending product which provides an opportunity for users to earn at a fixed rate for a fixed term. Once your lending order on Simple Earn Fixed is matched with a borrowing demand, your interest will be accrued hourly and the total interest you earn will be paid to you when the order term ends.
How to create your first Simple Earn Fixed order
- Step 1 - Go to Grow and select Simple Earn.
- Step 2 - Find a Simple Earn product with a fixed term (for example, 30 days).
- Step 3 - Enter your lending amount and your preferred lending APR, then select continue.
Optional: Enable auto-renewal to automatically renew and queue to match for a new term when the current term ends. - Step 4 - Once your lending order is matched with a borrowing demand, it'll be locked for a fixed term.
OKX team
June 5, 2024