Promotion period:
16:00 Feb 5 – 16:00 Mar 6, 2020 (UTC)
How to Join:
During the promotion period, you can become a DAI VIP and enjoy 20% annualized yield by depositing and staking a minimum of 10,000 DAI in your Mining Account. You are entitled to the special annualized yield for the days staking over 10,000 DAI.
Bonus distribution:
- Currently, OKX Pool offers 9.75% annualized yield for DAI staking (annualized yield will be adjusted according to the community voting results). The yield is settled daily and will be shown on the OKX Pool page.
- The bonus yield (20% - 9.75% = 10.25%) will be distributed to users who fulfill the requirement before 16:00 Mar 7, 2020 (UTC).
For example, user A stakes 100,000 DAI at 06:00 Feb 6, 2020 (UTC) and does not make any withdrawals within the promotion period, the special yield period will be from 16:00 Feb 6 to 16:00 Mar 6, 2020 (UTC) and the yield will be distributed on Mar 7, 2020 (UTC).
User A can receive profits based on the 9.75% annualized yield rate = 100,000 * 9.75% / 365 * 29 = 774 DAI. As user A fulfils the DAI VIP bonus requirement, he can also receive 100,000 * 10.25% / 365 * 29 = 814 DAI in his Mining Account. The total amount of yield user A receive will be 1,588 DAI.
Terms & Conditions:
- Each VIP can stake a maximum of 1,000,000 DAI for the 20% annualized yield rate.
- A maximum of 5,000,000 DAI is accepted for the special rate in the first promotion phase from all users.
- Bonus is distributed based on a first-come, first-served basis.
- Users who stake DAI for less than a day are not entitled to the bonus yield. For example, the annualized yield shown on OKX Pool is x%, the bonus annualized yield would be = DAI staking amount * (20% - x%) * staking days / 365.
Details:
Risk Warning: Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
Regards,
OKX
Feb 5, 2020 (UTC)
