Question 1

What is DeFi Earn?

Accepted Answer

DeFi Earn is a one-stop platform to help you manage funds in different DeFi protocols. You can buy and sell products from popular protocols such as AAVE, Morpho, and Pancake on OKX Wallet.

Question 2

What protocols do we support?

Accepted Answer

We only bring you top DeFi protocols to prevent losses.

Question 3

What are the Earn product types?

Accepted Answer

Stablecoins: Products with stablecoins such as USDT, USDC, and DAI.
 
Bonus: Products where you can earn extra rewards.
 
Single Crypto: Single token products in staking, lending, or borrowing protocols.
 
Multiple Crypto: Liquidity or mining protocols that require 2 tokens for staking.

Question 4

What are the advantages of DeFi Earn?

Accepted Answer

No need to switch between protocols or make multiple transactions, as you can do everything in one go via DeFi Earn. Just deposit or claim with any available tokens. DeFi Earn makes DeFi a cakewalk for you. You can also easily track your DeFi positions across DeFi platforms. Manage the product whenever you want.

Question 5

How secure is DeFi Earn?

Accepted Answer

DeFi Earn smart contract has been audited by several parties. We’ll never access your assets without your permission. You own your assets all along your staking journey.

Question 6

Do I need to pay extra fees to use DeFi Earn?

Accepted Answer

No, you only need to pay network fees to complete the transaction on different networks.

Question 7

How do I manage my portfolio?

Accepted Answer

Using the DeFi dashboard, you can manage your positions, redeem your assets, and claim rewards.

Question 8

Are there any risks to using DeFi Earn?

Accepted Answer

All DeFi protocols involve some level of risk. While we strive to maintain security, OKX Wallet is not responsible for contract vulnerabilities, hacking incidents, liquidity issues, or extreme market fluctuations.

Question 9

What are the potential risks of DeFi Earn?

Accepted Answer

Here are the risks that might occur to DeFi Earn users:
Technical Risks: where smart contracts could be hacked, or bugs could be exploited.
Liquidity Risks: where protocols like Compound could run out of liquidity. 
Admin Key Risks: where the master private key for the protocol could be compromised.

It would be helpful if you did your research before participating in any DeFi protocols. DeFi Earn isn’t responsible for any token loss caused by those reasons.

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