OKX's "Simple Earn" (formerly called "Savings") is a flexible crypto earnings service that lets users lend idle assets while earning hourly interest. With newly introduced platform rewards offering up to 10% APY, it's become an attractive option for passive income seekers.
How OKX Simple Earn Works
This peer-to-peer lending service allows users to:
- Set custom loan amounts (minimum 1 USDT equivalent)
- Choose desired interest rates (1%-365% APY)
- Earn interest hourly when matched with borrowers
👉 Start earning with OKX Simple Earn today
Key Features
| Feature | Details |
|---|---|
| Asset Types | 140+ cryptocurrencies including USDT, BTC, ETH |
| Flexibility | 24/7 instant subscriptions and redemptions |
| Interest Calculation | (Loan principal × current APY ÷ 365 ÷ 24) × 85% |
| Risk Management | 15% allocated to risk reserve fund |
The Lending Process Explained
- Subscription: Users select assets and set loan parameters
Auction: System matches lenders/borrowers hourly based on:
- Market demand
- Minimum APY set by lenders
- Payout: Successful matches earn hourly interest
Example: Lending 10,000 USDT at 3% APY yields ≈0.6986 USDT daily (after 15% reserve deduction).
10% Platform Rewards (Limited-Time Offer)
OKX now guarantees base yields for certain assets:
| Cryptocurrency | Maximum Reward Amount | Guaranteed APY |
|---|---|---|
| USDT/USDC | 1,000 | 10% |
| BTC | 0.03 | 5% |
| ETH | 0.4 | 5% |
👉 Claim your platform rewards now
How to Use Simple Earn
Subscription Guide
- Navigate to "Finance" > "Simple Earn"
- Select desired cryptocurrency
- Enter loan amount and minimum APY
- Confirm subscription
Redemption Process
- Access your Simple Earn portfolio
- Select asset to redeem
- Enter amount and confirm
Pro Tips for Maximum Earnings
- Monitor "Historical APY" charts for rate trends
- Enable "Auto-Invest" to automatically lend idle balances
- Platform rewards have limited capacity - subscribe early
Frequently Asked Questions
How often is interest paid?
Interest accrues hourly for successfully matched loans.
Are there any fees?
OKX charges no subscription or redemption fees.
What happens if my loan isn't matched?
Unmatched loans earn no interest until the next auction cycle.
Disclaimer: Cryptocurrency investing involves substantial risk. This content represents educational material only, not financial advice.
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