How to deposit into liquidity pools on Web3 Earn

Published on 14 June 2023Updated on 9 Feb 20264 min read47

What's DeFi Earn?

DeFi Earn is an earning feature provided by OKX Wallet that aggregates decentralized finance protocols with strong security standards and competitive returns. It allows you to access high-quality DeFi protocols directly through your Web3 wallet and earn crypto on-chain.

Why should I use DeFi Earn?

DeFi Earn enables participation in earning opportunities across multiple protocols within a single interface.

  • You can subscribe and redeem using any supported token through one-click actions without switching between protocols.

  • Whether you're new to on-chain earning or experienced, DeFi Earn simplifies the process and improves usability.

  • Post-investment asset management tools let you manage positions across protocols anytime and make informed decisions.

What are the supported protocols and products?

DeFi Earn supports multiple protocol and product types, including but not limited to:

  • Stablecoin: Investment products based on stablecoins such as USDT, USDC, and DAI.

  • Reward-based: Products that distribute rewards provided by DeFi protocol projects through the DeFi Earn platform. Please note that OKX Wallet and its affiliates don't control reward distribution. All information displayed is provided by third-party protocols and doesn’t constitute endorsement by OKX.
    Actual APY, rewards, and service terms are determined by the third party and may vary.

  • Single-token: Products subscribed with a single token. These products typically involve lending or staking protocols and generally don't create impermanent loss, though protocol risks may still apply.

  • Multi-token: Products subscribed using multiple tokens. Because token prices fluctuate, these products may involve impermanent loss and are commonly associated with liquidity pools or liquidity-mining protocols.

  • Vaults: Yield aggregators that automatically deploy deposited assets across optimized strategies to help achieve higher potential returns.

How do I subscribe to DeFi Earn?

  1. Create an OKX Web3 wallet

  2. Go to Web3 DeFi page

    • On the App: Open Web3 Wallet > select DeFi

    • On the Web: Open the OKX Wallet website > select More > DeFi

    • You’ll see supported DeFi protocols and liquidity pools available for earn.

  3. Use the search bar to find liquidity pools or staking products by asset or protocol.

  4. Select a liquidity pool or staking product to view details and start earning.
    Note: protocol information is provided to help you make informed decisions.

  5. Enter the deposit amount and confirm the transaction to deposit funds.
    Note: network fees are shown before confirmation and vary by blockchain.

How do I view my DeFi Earn assets?

DeFi Earn assets can be viewed in the wallet extension.

  • Go to Assets > select DeFi to view your earning positions.

How do I redeem assets?

Open the subscribed DeFi Earn product, select Redeem, and follow the on-screen instructions.

Note: redemption time may vary across different protocols.

How does DeFi Earn ensure fund security?

Integrated protocols have passed audits by multiple security firms. OKX doesn’t custody your funds. Assets interact directly with protocol liquidity pools, and OKX can’t access funds without authorization.

What are the potential risks of DeFi Earn?

  • Technical risk: smart contract vulnerabilities or attacks

  • Market risk: market volatility, settlement risk, or impermanent loss may lead to losses

  • Governance risk: protocol upgrades, parameter changes, or governance decisions may affect asset security or returns

Please fully understand the protocol before participating. OKX isn’t responsible for token losses.

How are fees charged for DeFi Earn?

DeFi Earn doesn’t charge additional platform fees beyond required on-chain network fees. Fees vary by blockchain. One-click deposits using supported tokens help reduce overall transaction costs.

How can I manage my DeFi Earn portfolio?

After subscribing, asset performance is continuously tracked and displayed in the asset panel. You can redeem assets and claim rewards directly from this panel.

What's Zap mode?

Zap mode is a convenient tool designed for dual-token liquidity provision in V3-style pools. With Zap mode enabled, you only need to input the token you want to invest in. The system automatically swaps assets, adjusts ratios, and adds liquidity.

Zap supports:

  • Single-token mode: automatically swaps into required tokens and adds liquidity

  • Multi-token mode: automatically rebalances token ratios before adding liquidity

Disclaimer
This content is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. Please consult your legal/tax/investment professional for questions about whether trading or holding digital assets is suitable for you. OKX Web3 Wallet is only a self-custody wallet software service that allows you to discover and interact with third party platforms, and has no control over and is not responsible for the services of such third party platforms. Not all products are offered in all regions. OKX Web3 Wallet and its ancillary services are not offered by OKX Exchange and are subject to the OKX Web3 Ecosystem Terms of Service.