Flexible Simple Earn is an upgraded version of the previous "Savings" product, designed by OKX to connect users with idle digital assets and those needing borrowing services. It offers features like instant deposits/withdrawals, hourly interest accrual, and customizable interest rates. Users transfer assets into Flexible Simple Earn, and the system determines successful lending at each hour based on their set rates. If successful, they earn interest for that hour; otherwise, they wait for the next hour’s match.
Key Features of Flexible Simple Earn
Interest Threshold Rules
- Coin price ≥ 1,000 USDT: Minimum interest threshold = 0.0001
- 100 USDT ≤ Coin price < 1,000 USDT: Minimum = 0.001
- 10 USDT ≤ Coin price < 100 USDT: Minimum = 0.01
- 1 USDT ≤ Coin price < 10 USDT: Minimum = 0.1
- Coin price < 1 USDT: Minimum = 1
👉 Learn how to maximize your earnings with Flexible Simple Earn
Prices update daily at 00:00 (UTC+8).
How to Participate via OKX App
1. Subscribe
- Open OKX App → Tap [Finance] → [Earn] → [Simple Earn] → [Flexible].
- Search or select a product → Enter [Amount] and [Target Minimum Annualized Rate] → Confirm.
2. Redeem
- Go to [Finance Account] → Select product → Follow instructions.
- Principal + interest auto-credit to your [Funding Account].
Notes:
- Supported coins: Only those eligible for OKX margin trading.
- Interest calculation: 85% goes to lenders (15% as risk reserve).
Formula:Principal × Current Rate / 365 / 24 × 85%. Rate rules:
- If your set rate < market rate → Lend at market rate.
- If your set rate > market rate → No match.
- Time priority applies for equal rates.
Web Participation Guide
1. Subscribe
- Visit OKX Website → Click [Finance] → [Simple Earn].
- Select product → Click [Subscribe] → Enter details.
2. Redeem
- Navigate to [Finance] → [Earn] → [My Earn].
- Choose product → Redeem.
FAQ
Q: Can I withdraw funds anytime?
A: Yes! Flexible Simple Earn allows instant withdrawals.
Q: How often is interest paid?
A: Hourly, if your loan matches.
Q: What happens if my rate is too high?
A: You may miss lending opportunities until market rates rise.