OKX Launches ‘Web3 DeFi Bonus Season’ for Extraordinary APR Gains

OKX, a prominent Web3 technology company, has officially launched its ‘Web3 DeFi Bonus Season’ campaign, introducing an enticing opportunity for users staking ETH through its OKX DeFi aggregator. This campaign provides participants with the chance to earn an additional Annual Percentage Rate (APR) of up to 14%* on their staked funds.

Running until February 12, 2024, at 10:00 (UTC), the campaign rewards OKX DeFi users engaging in liquidity pools across various protocols. These protocols include Lido, Pendle, Equilibria, Penpie, Stader, and Swell. Participants can enjoy an augmented APR ranging from 2.4% to 14%, on top of any base APR, depending on their chosen liquidity protocol.

The specific APR boost received hinges on the selected protocol and liquidity pool, offering a tailored experience for users. Furthermore, participants can optimize their APR by staking rewards from one protocol’s liquidity pool into another. As an illustration, OKX DeFi users staking ETH through the Lido protocol can earn an enhanced APR of up to 3% in stETH.

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Subsequently, by staking stETH in Pendle’s stETH liquidity pool, such as stETH 2024/12/26, users gain Pendle’s LP tokens. This cycle continues as users stake tokens in the liquidity pools of Equilibria or Penpie, presenting additional opportunities to boost APR and token rewards.**

This initiative solidifies OKX’s extended collaboration with Lido, which commenced on August 22 with the launch of an ETH staking campaign, offering users an enhanced APR of up to 3%. The renewed partnership for the ‘Web3 DeFi Bonus Season’ underscores OKX and Lido’s joint commitment to delivering a seamless and secure ETH staking experience for Web3 users.