OKX launches AAVE v3 (Avalanche) USDT and USDC on-chain earning activities
ChainCatcher message, OKX officially launched the AAVE v3 (Avalanche) USDT and USDC on-chain earning activity at 18:00 (UTC+8) on September 25, 2024. During the event, users can earn basic returns and AVAX token rewards by depositing USDT/USDC. Users can search for USDT/USDC in the OKX on-chain earning products and select AAVE v3 (Avalanche) to participate in the subscription.
It is reported that users can earn rewards by depositing base assets into the protocol, and the rewards will be distributed when users redeem their principal. The sAVAX will be redeemed into AVAX through the BENQI protocol and then distributed to users. Due to on-chain mechanism reasons, users will need to wait 17 days to receive rewards daily in their funding accounts. AVAX token rewards will be distributed daily to users' funding accounts during the event.