DecentralandFlash News: OKX Adds DAI Stablecoin to On-Chain Earn Product
GlobeNewswire
•8 days ago
DUBAI, the United Arab Emirates, Sept. 14, 2023 (GLOBE NEWSWIRE) -- OKX, a leading crypto exchange by trading volume and a leading Web3 technology company, has issued updates for September 14, 2023.
DUBAI, the United Arab Emirates, Sept. 14, 2023 (GLOBE NEWSWIRE) -- OKX, a leading crypto exchange by trading volume and a leading Web3 technology company, has issued updates for September 14, 2023. …
Trained AI Editor
OKX, a cryptocurrency exchange and DeFi platform, has announced the addition of MakerDAO's DAI stablecoin to its On-Chain Earn product. This addition will allow users to earn interest on their DAI holdings while maintaining the stability of the asset. With the addition of DAI, OKX is one of the few platforms to offer a high yield savings account for stablecoins, empowering users to take advantage of the promise of DeFi.
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Frequently asked questions
What is the OKX On-Chain Earn product?
OKX On-Chain Earn is a platform that allows users to earn interest on their cryptocurrency holdings.
What is the DAI Stablecoin?
DAI is a cryptocurrency designed to maintain a stable value of 1 US Dollar. It is created and backed by a network of collateralized debt positions.
How can users earn interest with OKX On-Chain Earn?
Users can earn interest on their cryptocurrency holdings by depositing them into OKX On-Chain Earn. The interest rate is determined by the market conditions.
How do users deposit their cryptocurrency into OKX On-Chain Earn?
Users can deposit their cryptocurrency into OKX On-Chain Earn using the OKEx wallet. They will need to provide their wallet address and the amount of cryptocurrency they wish to deposit.
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