OKX Simple Earn Service User Agreement

Last Updated: March 21, 2025

1. Overview

1.1 Service Description

The OKX Simple Earn Service ("Service") is a value-added product allowing users to earn yields by depositing digital assets into fixed-term or flexible-term pools on the OKX Platform. This agreement ("Agreement") governs your use of the Service.

1.2 Acceptance

By using the Service, you confirm that you have read, understood, and agreed to all terms herein. This Agreement is legally binding.

1.3 Priority Clause

In case of conflict between this Agreement and other OKX terms, this Agreement prevails. Undefined terms carry meanings from OKX’s general terms.

2. General Provisions

2.1 Key Features

• Supports 24/7 subscriptions and redemptions (flexible-term only).
• Fixed-term deposits cannot be redeemed before maturity.
• Not a principal-guaranteed product – potential loss of principal exists.

2.2 Definitions

• Flexible-Term: Redeemable anytime, hourly yield accrual.
• Fixed-Term: Locked for the chosen duration (e.g., 90 days), daily yield accrual.
• Risk Reserve: OKX’s fund to mitigate extreme market volatility.
• APR: Annual Percentage Rate, displayed at subscription.

👉 Learn more about Risk Reserve

3. Eligibility

3.1 Requirements

• Compliance with OKX’s general terms.
• Legal capacity to contract in your jurisdiction.
• Assets must be legally sourced.

3.2 Prohibited Activities

• Market manipulation, insider trading, or illegal transactions.
• Using the Service for banned activities (e.g., money laundering).

4. Using the Service

4.1 Subscription Process

1. Select asset type/amount.
2. Choose minimum APR (flexible-term) or lock period (fixed-term).
3. Confirm order.

4.2 Flexible-Term Details

• Auto-Invest: Automatically uses idle assets meeting criteria:

  • No trades for 6+ hours.
  • Supported currencies.
  • Minimum/maximum amount thresholds.
• Yield Calculation: Hourly accrual; no yield for partial hours.

4.3 Fixed-Term Details

• 90-Day Lock: USDT-only (as of current terms).
• Early Termination: No yield for remaining days if matched loan closes early.

4.4 Redemptions

• Flexible: Processed within T+1 hours; market delays possible.
• Fixed: No early redemptions. Extended up to 14 days if loans default.

4.5 Fees

• 15% Risk Reserve Fee on flexible-term yields (deducted pre-distribution).
• No fees for fixed-term.

5. Risks & Disclaimers

5.1 Market Risks

• Price volatility may lead to total principal loss.
• Historical yields ≠ future performance.

5.2 Technical Risks

• Maintenance downtimes.
• Third-party failures (e.g., internet outages).

👉 Risk Disclosure

6. Termination

OKX may suspend/terminate the Service if:

• Illegal activity is detected.
• Failure to complete identity verification.
• Regulatory requirements.

7. Liability

7.1 Exclusions

OKX isn’t liable for losses due to:

• Force majeure (e.g., natural disasters).
• Market volatility or technical issues.

8. FAQs

Q1: Can I redeem fixed-term deposits early?

A: No. Funds remain locked until maturity or default resolution.

Q2: How are yields paid?

A: Flexible-term – hourly; Fixed-term – upon maturity.

Q3: What’s the Risk Reserve Fee?

A: 15% of flexible-term yields, retained by OKX.

Q4: Is principal guaranteed?

A: No. You may lose part/all of your deposit.

9. Miscellaneous

9.1 Governing Law

English/Welsh law governs disputes, resolved via HKIAC arbitration (Hong Kong seat).

9.2 Amendments

OKX may update terms unilaterally. Continued use = acceptance.

Final Note: This Agreement replaces all prior communications. For queries, contact OKX Support.

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