OKExEarn: DeFi & APY

There are lots of ways to make profits and earn more apart from trading on a cryptocurrency exchange, they are even less stressful as compared to trading. With the help of the blockchain, earning has never been this easy through DeFi (Decentralized Finance).

With DeFi, users are staying in control of their funds and assets. You can easily change your portfolio, invest and do a whole lot of things without having to fill any form asking for permission to do so from a central authority. This is one of the important features of the blockchain; to remove central authority(ies).

There are lots of opportunities online for earning passive income, all that is needed is to interact with the platform and agree with their terms and conditions. The obvious reason why crypto enthusiasts prefer to earn with DeFi is because of the APY (Annual Percentage Yield), no traditional banks offer anything close to what is been offered on the blockchain.

OKEx, a world leading cryptocurrency exchange, has plans for its users to put their money to work and earn passive income. All that is needed is an account, a verified one is better. These options are under “Earn”.

Earn is a handy aggregation of ways to earn interest on your crypto portfolio. We provide the best options from OKEx, decentralized finance, and staking so that you can maximize your earning potential options. There are interests to be gained for using Earn,there is also the opportunity of earning bonus tokens for using a DeFi service. Net rate of yield realized can be calculated using the sum of the annualized interest and mining yield, both of which change in real time according to supply and demand for the services and assets.

It is to be noted that the revenue calculation/distribution time for different products may be different. For DeFi products, the revenue calculation time is around 11:00 am (GMT+8) daily. There is a possibility that on-chain operational delays could affect calculation time. The revenue is composed of interest amount and bonus tokens. The bonus is distributed at approximately 12:00 noon (GMT+8) daily, and the interest is distributed along with the funding capital on the day after redemption. Both interest and the bonus are distributed to your account.

For risks associated
OKEx accesses third party DeFi protocols, and only provides related services such as project display and revenue distribution, and does not take responsibility for any asset losses caused by potential risks such as contract vulnerabilities, hacking incidents, or termination of business, bankruptcy, abnormal suspension or cessation of trading of third party DeFi platforms or projects.

Source: https://okexafrica.medium.com/okexearn-defi-apy-5abf570c91a6?source=rss——cryptocurrency-5