The popular cryptocurrency exchange OKX recently announced an appealing new staking campaign for Bitcoin holders on its DeFi platform. The “Radpie x Radiant Bonus Event” offers users extra yields on top of regular staking rewards when they stake Wrapped Bitcoin, a tokenized form of BTC.
TLDR
- KX launched a new “Radpie x Radiant Bonus Event” campaign on its DeFi platform
- The campaign allows users who stake Wrapped Bitcoin (WBTC) to earn up to 9.6% APR in ARB tokens
- The rewards are in addition to any base APR earned from staking WBTC
- The campaign is hosted jointly by Radpie and Radiant protocols and aims to maximize yields for BTC holders
- The campaign has no lock-up periods, allowing users flexibility in accessing their staked assets
The latest promotion comes as OKX continues expanding its suite of DeFi products and aims to maximize flexibility and returns for clients.
Earn Up to 9.6% Extra Rewards on WBTC
The bonus event, co-hosted with Radpie and Radiant protocols, is open to users who stake WBTC on OKX DeFi. Participants can earn bonus yields of up to 9.6% annually on their staked assets paid out in ARB tokens. This APR is on top of any base staking rewards.
To take part, users need to:
- Visit the campaign page on the OKX DeFi platform
- Stake their WBTC
With no lock-up periods, clients can withdraw or add to their staked tokens anytime. This gives Bitcoin holders flexibility alongside the potential for high double-digit returns on the second-largest cryptocurrency.
Bitcoin’s limited supply and position as the pioneer cryptocurrency have made it popular for longer-term, buy-and-hold investing. However, historically, staking BTC directly hasn’t been possible.
Wrapped Bitcoin brings Bitcoin’s value onto compatible blockchains. This opens up avenues for BTC holders to earn yields on their holdings through decentralized finance without sacrificing custody.
Campaigns like OKX’s latest staking promotion further expand opportunities to maximize rewards. For Bitcoin investors comfortable with some additional risk, leveraging WBTC on DeFi platforms can significantly boost their incomes.
Decentralized finance solutions offer several advantages over centralized exchanges for digitally savvy users. DeFi platforms allow clients to retain control of their assets while earning attractive yields. The technology automates reward distribution, lowering overhead costs and facilitating generous payouts.
OKX’s DeFi platform aggregates opportunities across numerous DeFi protocols. This gives users a wide menu of earning options across different blockchains. The exchange also offers educational resources to support both DeFi beginners and experts.
As the DeFi ecosystem expands, expect platforms like OKX to continue rolling out innovative promotions. For cryptocurrency owners seeking passive income, yield farming provides a compelling solution. And with the inherent flexibility of DeFi, clients can customize strategies matching their risk tolerances and objectives.
The post OKX Promotion: WBTC Investors Can Now Earn Up to 9.6% Extra Annual Rewards appeared first on Blockonomi.
