OKX Launches Flash Deals: 150% APY on Tokens & Cross-Chain Gas Swaps
• OKX launches flash deals and cross-chain gas swaps on its OKX Earn platform to bring in more customers amidst a potential crypto bull run.
• Flash deals offer high annual percentage yields (APYs) on various assets for a limited time.
• Cross-chain gas swaps allow users to use different tokens, including stablecoins like USDT, USDC, or DAI, instead of just the native token for token transfers on-chain.
OKX Launches Flash Deals Amidst Potential Crypto Bull Run
OKX has launched several flash deals on its OKX Earn platform to attract new customers amidst a potential crypto bull run. The flash deals offer high annual percentage yields (APYs) on various assets for a limited time. The first deal features IguVerse (IGU), with an APY of 150% for a 7-day term, with an individual limit of 4,000 IGU and 1,000,000 IGU in total.
Cross-Chain Gas Swaps For OKX Wallet Users
OKX has also expanded its gas swap feature to include cross-chain gas swaps which allows users to pay for gas with different tokens instead of just the native token when making transfers on-chain. Currently this feature supports nine networks: Ethereum, OKC, BSC, Polygon, Fantom, Avalanche, Arbitrum, Optimism and Tron but plans are being made to expand support even further in the near future.
Why You Should Care
The introduction of these features by OKX provides users with more opportunities and convenience in the crypto market as they have access to higher APYs and more options when it comes to paying for transactions fees.
Beware Of Fake Giveaways And Airdrops
As exchanges are competing fiercely for customers during this period it is important that users remain vigilant as there may be fake giveaways and air drops circulating around that could harm their wallets if they are not careful.
It is important that users always do their research before participating in any offers from any exchange or platform before signing up or investing any funds as there can be risks involved if they don’t take the necessary precautions first.