Dear OKX Users,
OKX is pleased to introduce the Fast Redemption feature for ETH, SOL, and DOT staking products in On-Chain Earn, launching on September 26, 2024, at 18:30 (UTC+8).
Key Features
Background
Blockchain redemption periods vary across staking products. OKX’s Fast Redemption enables users to access funds faster, subject to daily limits.
Daily Redemption Limits
Fast Redemption combines:
Fixed Individual Limits (per user, per day):
- ETH: 100
- SOL: 240
- DOT: 1,300
- Dynamic Platform Limits: Adjusted daily based on system liquidity.
The final limit is the lower of the two values. Excess amounts follow standard on-chain redemption timelines.
👉 Learn more about staking flexibility
Important Notes
- Product Mechanics: Review each project’s rules (e.g., minimum redemption, interest accrual, reward distribution, lock-up periods, and APY) before subscribing.
- Fees: OKX charges a service fee—details are available on product pages.
- Risk Disclosure: OKX facilitates reward distribution but is not liable for losses due to smart contract risks, hacking, or project failures.
FAQs
❓ How does Fast Redemption work?
Fast Redemption prioritizes speed by pooling liquidity, allowing partial instant withdrawals within daily limits.
❓ What if I exceed the daily limit?
Excess funds redeem via the standard on-chain process (varies by asset).
❓ Are fees applied to Fast Redemption?
Yes, fees are deducted from redeemed amounts—check product pages for rates.
❓ Can I redeem during market volatility?
Dynamic platform limits may adjust during high-demand periods.
OKX remains committed to delivering innovative products and exceptional service.
OKX Team
September 27, 2024
👉 Explore On-Chain Earn opportunities today
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