OKX, the leading crypto exchange, added the DAI stablecoin to its On-Chain Earn product, enabling users to participate in the Proof-of-Srake staking and Defi protocols without paying gas fees.
Users can earn daily profit with the help of this addition by staking a minimum of 1 DAI and having an annual appreciation rate (APR) of approximately 5%*. The stake in DAI and its related interests can be traded at any time. The user’s Funding account will receive the redeemed funds.
The decentralized autonomous organization, MarkerDAO, maintains and regulates the DAI stablecoin on the Ethereum blockchain. OKX users can now take advantage of on-chain earnings opportunities through PoS staking and the DeFi protocol with the help of the new addition of DAI.
The infrastructure backing the OKX On-Chain Earn product is secure and reliable, and the participants do not have to pay any service fees or commissions for using PoS Staking or DeFi protocols. OKX only ties up with verified third-party projects for the protection of user’s assets.