Campaign Overview
OKX, a leading Web3 technology company, has launched its 'Web3 DeFi Bonus Season' campaign, offering users an opportunity to earn an additional APR of up to 14% by staking ETH through its DeFi aggregator. This limited-time promotion runs until February 12, 2024, and is designed to boost participation in decentralized finance (DeFi) liquidity pools.
Key Benefits for Participants
- Enhanced APR Rewards: Users staking ETH via OKX DeFi can earn extra yields ranging from 2.4% to 14% APR, depending on the chosen protocol.
- Multi-Layer Staking Options: Participants can maximize returns by staking rewards from one protocol into another (e.g., stETH from Lido into Pendle’s liquidity pools).
- Partnered Protocols: Includes top DeFi platforms like Lido, Pendle, Equilibria, Penpie, Stader, and Swell.
👉 Discover how to boost your APR with OKX DeFi
How It Works
- Stake ETH via OKX DeFi aggregator into supported protocols.
- Earn Base + Bonus APR (e.g., Lido offers up to 3% extra in stETH).
- Reinvest Rewards into secondary pools (e.g., Pendle’s LP tokens) for compounded yields.
Example: Stake ETH → Receive stETH (Lido) → Stake stETH into Pendle → Stake Pendle LP tokens in Equilibria/Penpie for additional rewards.
Strategic Partnerships
OKX reinforces its collaboration with Lido, building on their August 2023 ETH staking campaign. This partnership underscores a shared commitment to secure and seamless Web3 staking experiences.
Important Notes
- Reward Cap: Total campaign rewards are limited to $300,000.
- Risk Disclaimer: Digital assets are volatile; past performance doesn’t guarantee future results.
👉 Learn more about DeFi staking strategies
FAQs
What is the duration of the OKX DeFi Bonus Season?
The campaign runs until February 12, 2024, at 10:00 UTC.
Which protocols are included in this campaign?
Participants can stake via Lido, Pendle, Equilibria, Penpie, Stader, and Swell.
How can I maximize my APR?
Reinvest rewards from one protocol (e.g., stETH) into another (e.g., Pendle’s LP pools) to layer yields.
Is there a limit to the rewards?
Yes, the total rewards pool is capped at $300,000.
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