Simple Earn is a product that allows you to generate passive income from idle funds, offering a low entry barrier and straightforward earning conditions. It comes in different variants tailored to various income sources.
- Simple Earn Flexible Terms: Operates like a loan provided to users who trade with leverage.
- Simple Earn Fixed Terms: Offers multiple income sources, including platform rewards and staking rewards under the Proof of Stake (PoS) mechanism.
How to Use Simple Earn Flexible Terms?
Via Mobile App
- Open the OKX app, navigate to the Earn section, and select Simple Earn.
- Search for your preferred token in the Search field or switch to the Flexible tab to locate it.
- Select your desired flexible term from the Term dropdown.
- Enter the amount in the Quantity field. If you lack sufficient funds, you can buy or deposit the required tokens.
- Optionally, set a minimum APR preference in the Min. APR field.
- Review the order details and check the box to accept the User Agreement.
- Click Subscribe to complete the request.
Via Website
- Log in to your account on the OKX website and go to the Earn section.
- Search for your preferred token in the Search field.
- Select your desired flexible term and click Subscribe.
- Specify the amount in the Quantity field. Top up your balance if needed.
- Optionally, set a minimum APR preference in the Min. APR on Loans field.
- Review the order details and check the box to accept the User Agreement.
- Click Subscribe to finalize.
👉 Maximize your earnings with Simple Earn Flexible Terms
FAQs
What is the minimum investment for Simple Earn Flexible Terms?
There’s no fixed minimum; it varies by token. Check the platform for specifics.
Can I withdraw funds before the term ends?
Yes, flexible terms allow withdrawals anytime, but fixed terms may have penalties.
How is APR calculated for flexible terms?
APR depends on market demand for loans and is updated dynamically.