OKX’s Simple Earn is a flexible crypto savings product that lets users deposit cryptocurrencies to earn hourly interest with instant withdrawals. Backed by OKX’s robust risk management system, it offers a secure way to generate passive income without compromising asset safety.
How Simple Earn Works
Asset Utilization
Cryptocurrencies deposited into Simple Earn are temporarily lent to margin traders. Only listed cryptocurrencies eligible for margin trading on OKX are supported.
Subscription and Redemption
- Subscription
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Users can subscribe anytime. Deposited crypto is locked and entered into an interest-rate auction. If successful, funds are lent to margin traders.
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Redemption
- Funds can be withdrawn instantly without lock-up periods. Redeemed assets won’t participate in the next auction or accrue hourly interest.
Deposit and Withdrawal Limits
No fixed limits apply, but OKX reserves the right to adjust thresholds based on market conditions and risk assessments.
Interest Rate Mechanism & Earnings Distribution
1. Setting Interest Rates
Users can either:
– Set a minimum APY manually.
– Let the system auto-select the optimal rate.
The marketplace prioritizes loan bids from lowest to highest APY until demand is met. Key rules:
– If your minimum APY ≤ market APY → loan granted at market rate.
– If your minimum APY > market APY → no loan for that hour.
– Tied APYs are processed in subscription order.
2. Interest Calculation
For successful hourly loans (Hour T):
– Interest is calculated from T to T+1 and distributed by T+1.
– 85% of interest goes to lenders; 15% is reserved as margin.
👉 Maximize your crypto earnings with Simple Earn
Formula:
Actual Interest = Loan Amount × (Current APY / 365 / 24) × 85%
3. Margin Usage
The 15% margin covers potential losses. If insufficient:
– Up to 50% of users’ daily interest may offset losses.
– OKX temporarily covers remaining gaps, later deducting from margin/interest.
4. Minimum Balance for Interest
Interest accrues only if holdings meet these thresholds (updated daily at 16:00 UTC):
| Crypto Price (USD) | Minimum Balance |
|---|---|
| ≥ $1,000 | 0.0001 |
| $100 – $999.99 | 0.001 |
| $10 – $99.99 | 0.01 |
| $1 – $9.99 | 0.1 |
| < $1 | 1 |
FAQs
1. Is Simple Earn safe?
Yes. OKX’s risk management system protects assets, and lenders retain full withdrawal rights.
2. How often is interest paid?
Interest compounds hourly and distributes at the start of the next hour.
3. Can I change my APY preference later?
Yes. Adjust your minimum APY or switch to auto-rate anytime.
4. What happens if my crypto’s price fluctuates?
Thresholds are recalculated daily. Ensure your balance meets the updated minimum.
👉 Start earning with OKX Simple Earn today
Final Notes
Simple Earn combines flexibility, competitive rates, and robust security. Whether you’re a passive investor or active trader, it’s a streamlined way to grow your crypto holdings.
For real-time updates, visit OKX’s official resources.