According to the official announcement, OKX will officially launch the AAVE v3 (Avalanche) USDT and USDC on-chain coin earning activities at 18:00 (UTC+8) on September 25, 2024. During the event, basic income and AVAX token rewards can be obtained by depositing USDT/USDC. Users can search for USDT/USDC in the OKX on-chain coin earning products and select AAVE v3 (Avalanche) to participate in the purchase.
It is reported that users obtain rewards by depositing basic assets into the protocol, and the rewards will be issued together when the user redeems the principal. sAVAX will be redeemed into AVAX through the BENQI protocol and issued to users. Due to the on-chain mechanism, users need to wait 17 days before receiving rewards in their fund accounts every day. AVAX token rewards will be issued to users' fund accounts every day during the event.