OKTC's Liquid Staking protocol of OKT is now live!
Liquid Staking allows users to access and deploy their staked assets, namely OKT.
Users can now swap OKT for stOKT (staked OKT) and earn staking rewards while putting stOKT to use just like one would with OKT.
Liquid staking solves both of these issues as no minimum number of tokens is required, and it also allows users to deploy their staked tokens on other protocols.
These tokens are locked for a certain time and hence, illiquid. Liquid staking solves the problems of liquidity loss and inefficiency of asset utilization.
stOKT allows OKT holders to maximize the utility of OKT by providing access to DeFi protocols while allowing holders to earn the same staking rewards simultaneously.
You may access the
Liquid Staking protocol to stake any number of OKT tokens on the protocol.
When OKT tokens are staked, you will receive a corresponding number of stOKT (staked OKT) tokens.
stOKT is a
KIP20 token representing staked OKT.
Any staking rewards accumulated will be compounded automatically in the value of stOKT.
As it represents the initial number of OKTs staked, the number of stOKTs one would have received does not change over time, even with the accumulation of staking rewards.
The value of stOKT, however, changes over time, consisting of the accumulated rewards and initial staked OKTs.
A user will then be able to claim the initial staked OKT and compounded staking rewards by unstaking and claiming OKT through the protocol.
This also means that over time, the value of 1 stOKT will not be equivalent to 1 OKT.
In short, holding 1 stOKT is a representation of a share of the total staked and staking rewards pool of OKT.
stOKT contract address: 0x97b05e6c5026d5480c4b6576a8699866eb58003b
Earn OKT staking rewards
Earn swap fees by providing liquidity to OKTC Swap (eg. OKT-stOKT pool)
stOKT will be supported by a variety of DeFi applications on OKTC.
Stake button, and confirm the transaction in the wallet.
Total claimable funds and
Pending amount OKT amounts in the
Claim All button, and confirm the transaction in the wallet.