Introducing OKX’s Simple Earn Fixed Product for Crypto Users
OKX has recently unveiled its latest offering, the Simple Earn Fixed product, which will be accessible to all users from May 30, 2024. This product supports popular cryptocurrencies like USDT, USDC, BTC, and ETH, as stated by OKX.
About Simple Earn Fixed
Simple Earn Fixed is a lending tool that enables users to earn interest at a fixed rate for a predetermined period. When a user’s lending order matches a borrowing demand, interest accumulates by the hour. At the end of the term, the total interest is paid out, ensuring a consistent income source for crypto investors.
How to Utilize Simple Earn Fixed
Here are the steps to create a Simple Earn Fixed order:
- Go to the ‘Grow’ section and select ‘Simple Earn’.
- Select a Simple Earn product with a set term, such as 30 days.
- Enter the desired lending amount and the preferred annual percentage rate (APR), then proceed to continue.
- Optionally, enable auto-renewal to automatically renew and queue for a new term upon the current term’s completion.
- Once the order matches a borrowing demand, it will be locked for the fixed term.
Current Market Landscape
The release of Simple Earn Fixed comes at a time when there is a rising demand for reliable crypto investment products. Given the volatility of the market, products that offer stable returns are becoming more appealing to both new and experienced investors. By accommodating major stablecoins and popular cryptocurrencies, OKX aims to serve a wide user base looking for secure income opportunities from their digital assets.
OKX is dedicated to broadening its offerings to address the changing requirements of the crypto community. The introduction of the Simple Earn Fixed product is a significant step towards providing users with diverse and trustworthy financial instruments.
For additional details, please visit the official OKX support page.
. . .
Tags
Hot Take: Empower Your Crypto Earnings with OKX’s Simple Earn Fixed
As a crypto enthusiast, you now have access to OKX’s innovative Simple Earn Fixed product, offering you a secure and predictable way to earn interest on your digital assets. By following a few simple steps, you can start generating a passive income stream while mitigating the volatility risks associated with cryptocurrency investments. Don’t miss out on this opportunity to enhance your financial portfolio and make the most of your crypto holdings with OKX’s Simple Earn Fixed product!