Flash News: Okx Adds Dai Stablecoin To On-Chain Earn Product
Date
9/14/2023 3:05:39 AM
(MENAFN- GlobeNewsWire - Nasdaq) DUBAI, the United Arab Emirates, Sept. 14, 2023 (GLOBE NEWSWIRE) -- OKX , a leading crypto exchange by trading volume and a leading Web3 technology company, has issued updates for September 14, 2023.
OKX Adds DAI Stablecoin to On-Chain Earn Product
OKX today added the DAI stablecoin to its On-Chain Earn product, which gives users the opportunity to earn rewards for their participation in Proof-of-Stake (PoS) staking and DeFi protocols without paying gas fees.
With this latest addition, users can stake a minimum of 1 DAI and earn daily interest, with an annual appreciation rate (APR) of approximately 5%*. The staked DAI and its associated interest can be redeemed at any time; redeemed funds will be distributed to the user's Funding account.
DAI, a stablecoin on the Ethereum blockchain, is maintained and regulated by MakerDAO , a decentralized autonomorganization. With the addition of DAI, OKX users can now participate in on-chain earning opportunities through PoS staking and DeFi protocols using DAI.
OKX On-chain Earn products are built on a secure and reliable infrastructure with no service fees or commissions for participation in PoS staking or DeFi protocols. To protect users' assets, OKX only partners with verified third-party projects.
To learn more about On-Chain Earn's newest addition, click her .
*Note: The APR is adjusted automatically based on MakerDAO's conditions.
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