Store your assets with peace of mind with our top-notch security platform, and enjoy extremely attractive profits.
What is Simple Earn?
Simple Earn is a product created by OKX to help users easily start earning money with idle money with low barriers to entry. Simple Earn comes in two types: Fixed and Flexible.
What is Simple Earn Flexible?
Simple Earn Flexible is one of our value-added products for flexible profit earning. Earn interest hourly by depositing assets to fund margin loans on OKX. We support asset registration and liquidation 24/7.
Note: Past returns are not an indication of future returns. We do not guarantee the return of principal or interest in the form of currency, physical items, equity or other assets within a certain period of time.
What are the benefits?
Low Risk
We protect your assets in Simple Earn with strict risk control measures, security measures and industry-leading infrastructure.
Flexible Term
You can register and liquidate on Simple Earn Flexible at any time. After requesting liquidation, the liquidation amount will be returned to your Funding account immediately.
How is interest generated?
Simple Earn Flexible income comes from Flexible Lending and lending to margin trading users on the lending market.
What is Simple Earn Fixed?
With Simple Earn Fixed, you can earn interest for a fixed period at a fixed interest rate. You will earn interest daily based on the annual interest rate (APR). Interest will be compounded daily and the entire interest will be paid to you at the end of the period.
Note: Past returns are not indicative of future returns. We do not guarantee the repayment of principal or interest in the form of currency, physical goods, equity or other assets over a given period of time.
Fixed term, fixed interest
Lend your idle money at a fixed interest rate for a fixed period.
Stable income
Easily earn interest through loan matching and peer-to-peer lending.
Reliable risk control
Strict risk control measures and industry-leading security, as well as advanced infrastructure.
How does it work?
When you lend with Simple Earn Fixed, your funds will be used to meet the borrowing demand from the Institutional Loan.
The total borrowing demand is divided into loan orders, and your loan orders will be matched with these loan orders at a fixed APR.
The term begins when the matched loan order is funded, at which point you start accruing daily interest.
While waiting for the order to be matched, if the unfilled portion of the loan order is cancelled or if the market APR changes significantly, the matched portion of the loan order will be considered funded and the term will begin.
Your order may be split into multiple sub-orders if it is matched with multiple loan orders. The term and interest accrual period of each sub-order will only begin when its matched loan order is funded.
What are the risks?
Please note that once the term begins, your order will be locked until the term ends. There is a high chance that your order may terminate earlier than the term ends. In that case, you may receive 100% of the remaining accrued interest as compensation, except that no compensation will be paid if the termination occurs within 12 hours before the scheduled end of the term.
Your order may also be extended due to late repayment for up to 14 days. In this case, you will accrue compensatory interest (the amount can be found on the compensatory interest history screen) on an hourly basis. The total interest will be distributed to your Funding account when the borrower repays the amount you lent them.
Your principal is subject to the risks of investing in crypto, including market volatility, exchange rate risk, borrower liquidation, and the amount not being able to be repaid within the term.
In the event that the borrower fails to repay and their collateral is insufficient to repay the loan order, you risk losing your principal. This is mitigated by OKX’s stringent risk controls and industry-leading security, as well as its advanced infrastructure.
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