ChainCatcher news, according to official sources, the OKX on-chain earning product has launched a fast redemption feature, initially supporting three major cryptocurrencies: ETH, SOL, and DOT. This feature meets the demand for users to instantly redeem their assets, with each user enjoying a high daily redemption limit, including a limit of 100 ETH, 240 SOL, and 1300 DOT.It is reported that the fast redemption feature for OKX on-chain earning will support more cryptocurrencies in the future, aiming to further shorten the redemption cycle and enhance the flexibility and convenience of users' on-chain earnings.

According to ChainCatcher news, OKX has officially launched a new ZETA on-chain earning product. From June 25, 2024, 14:00 to July 9, 2024, 14:00 (UTC+8), users participating in the subscription can enjoy dual rewards of ZETA on-chain earning staking returns and its airdrop, with a chance to share a prize pool of 10,000 ZETA.Before the event starts, OKX will take a snapshot of users' ZETA on-chain earning product holdings at 14:00 (UTC+8) on June 25, 2024, to determine the baseline holding amount during the event. During the event, OKX will take a daily snapshot of users' on-chain earning holdings at 14:00 (UTC+8). The average increase in subscription amount compared to the baseline holding amount (i.e., "average new amount") will determine the user's reward amount.

ChainCatcher message, the Dai Savings Rate (DSR) has been launched on the OKX chain, allowing users to stake from 1 DAI at a reference annualized return of 5% to earn daily profits. The actual annualized yield will be automatically adjusted based on the real-time status of MakerDAO. Users can also redeem at any time without transaction or service fees. The staked DAI will be transferred to DSR every day at 11:00 AM (UTC+8) and will accrue interest according to on-chain rules. Earnings will be distributed to the user's fund account upon redemption of the principal.It is reported that MakerDAO's DSR is a contract that allows users to stake DAI and earn returns, giving users complete and independent control over their staked DAI at any time. MakerDAO earns revenue through stability fees and interest from real-world assets (such as U.S. Treasury bonds) and shares it with users who stake DAI through DSR.