Learn about DeFi
What’s OKX DeFi?
OKX Web3 DeFi is an all-in-one platform to help you make the most of decentralized finance. Use this one-stop hub to manage products in different DeFi protocols. You can navigate liquidity pools on protocols such as AAVE, Yearn, and Pancake easily.
What protocols do we support?
We only bring you the DeFi protocols with the best returns and safest records.
What are the protocol types?
Stablecoins refers to the products of stablecoins you can stake, such as USDT, USDC, DAI, etc. Bonus refers to the products you can stake and receive extra rewards distributed by projects on OKX DeFi. (Please note that OKX Wallet and its affiliates (“OKX”) have no control on reward distribution. All information displayed by OKX is provided by the Third Party and not representations by OKX. Actual APY, incentives and other service terms may vary at the Third Party’s discretion.) Single Crypto refers to the products you can stake with a single token. These products are available in staking, lending, and borrowing protocols with the advantage of being free from impermanent losses. Multiple Crypto refers to the products you need to stake with multiple tokens. These products are available in liquidity pools and liquidity mining protocols. Due to price fluctuations of the underlying assets in the pools, staking these products may incur impermanent losses, further causing losses on your assets. Vault is a yield aggregator. After you deposit your tokens, Vault will adopt automated strategies to capture the best earnings path and yield the highest return for you.
What are the advantages of OKX DeFi?
No need to switch between protocols or make multiple transactions, as you can do everything in one go via OKX DeFi. Just deposit or claim with any available tokens. OKX DeFi makes DeFi a cakewalk for you. You can also easily track your DeFi positions across DeFi platforms. Manage the product whenever you want.
How secure is OKX DeFi?
OKX DeFi smart contract has been audited by several parties. We’ll never access your assets without your permission. You own your assets all along your staking journey.
What do you need to pay to use OKX DeFi?
No extra fees. You only need to pay gas fees to complete the transaction on different networks. OKX DeFi can save gas fees for you as you enjoy staking tokens in the liquidity pool.
How do I manage my investment portfolio?
In OKX DeFi, you can redeem your assets and claim rewards in the DeFi dashboard anytime. The dashboard also helps you track the current status of your portfolio.
How does OKX DeFi manage the risk?
Although OKX DeFi tries its best to keep your assets safe, there are risks when you interact with third-party smart contracts. All DeFi protocols involve risks. OKX DeFi doesn’t take responsibility for contract vulnerabilities, hacking incidents, or extreme fluctuations.
What are the potential risks of DeFi?
Here are the risks that might occur to DeFi users: Technical Risks: where smart contracts could be hacked, or bugs could be exploited. Liquidity Risks: where protocols like Compound could run out of liquidity. Admin Key Risks: where the master private key for the protocol could be compromised. It'd be helpful if you did your research before participating in any DeFi protocols. OKX Web3 DeFi isn't responsible for any token loss caused by those reasons.