To support the Stacks community and ecosystem, OKEx will launch STX “stacking” — a process similar to staking on proof-of-stack blockchains — on April 13. OKEx customers will now be able to stack their STX via OKEx’s Earn interface and receive daily rewards in BTC. The estimated annualized rate of return for STX stacking is 10%. Please note, however, that APY is subject to change and that this is just an estimate.
Why stack STX on OKEx?
1. OKEx is one of the earliest exchanges to support STX Stacking to earn BTC rewards
2. OKEx will distribute all the generated BTC rewards to our customers
3. Stacking STX is easy and convenient via OKEx earn
STX stacking rules on OKEx:
1. Stacking revenue calculation: OKEx will calculate the proportion of each customer’s stackingcapital compared to the platform’s total stacking Customers will then share the daily on-chain revenue in the same proportion.
2. Yield distribution: BTC rewards will be distributed every day around 4:00 am UTC, based proportionally on a user's stacked
3. Minimum amount required for stacking: 50 STX.
How to participate:
Web: Click Finance in the top navigation bar and click on Earn. Once you select STX on Earn, you’ll see the offer to stack STX and earn BTC.
App: Tap Earn/DeFi from the homepage and choose to stack STX.
April 13, 2021