TechFlow News, according to an official announcement, OKX officially launched the AAVE v3 (Avalanche) USDT and USDC on-chain earning campaign at 18:00 (UTC+8) on September 25, 2024. During the campaign, users can deposit USDT/USDC to earn base returns along with AVAX token rewards. Users may search for USDT/USDC in OKX’s on-chain earning product and select AAVE v3 (Avalanche) to participate.
It is reported that users will receive rewards by depositing underlying assets into the protocol, with rewards distributed when users redeem their principal. The sAVAX rewards will be converted into AVAX via the BENQI protocol before being distributed to users. Due to on-chain mechanisms, users must wait 17 days before receiving their rewards daily into their funding accounts. AVAX token rewards will be credited to users’ funding accounts daily throughout the campaign period.
