After submitting a redemption request, yield stops immediately when the request is successfully submitted, not when the assets are actually unstaked on-chain. Gas fees are not covered by the platform; on-chain earn gas fees are paid by users themselves.
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Here are 3 steps to understand when yield stops and who pays the gas.
Step 1: Understand the rules for yield calculation and termination
When you submit a redemption request, yield does not stop immediately.
What to do: Understand when yield stops accruing for OKX On-Chain Earn.
How to do it:
According to the OKX On-Chain Earn User Agreement, once a user submits a redemption request, no further rewards will accrue for the corresponding digital assets. This means yield calculation stops at the moment the redemption request is successfully submitted, not when the assets actually return to the account.
The agreement also stipulates that rewards accumulate from the reward calculation day; you will not receive any rewards on the first day of your order. So the first day of subscription also yields nothing.
Completion criteria: You clearly understand that yield stops when the redemption request is submitted, not when the assets arrive.
Common mistake: Believing that interest stops when assets are received, but actually yield stops the moment you submit the redemption.
Step 2: Know the redemption periods for different tokens
After submitting a redemption request, the time it takes for assets to arrive depends on which token you staked.
What to do: Check the standard redemption period of the invested token in advance to avoid anxious waiting.
How to do it:
On-chain mechanisms vary by staking protocol, leading to large differences in redemption periods:
NEAR: redemption period approximately 3–6 days
ATOM: redemption period approximately 21 days
SOL: redemption period approximately 3 days
CORE: redemption period approximately 1 day
The agreement clearly states that redemption speed can vary; the specific time depends on market conditions and may take "a few days to several weeks." During this period, your assets are frozen, earning no yield and cannot be used.
Completion criteria: You know how long your token's redemption takes, and stop asking "why hasn't it arrived yet."
Prerequisite: Before subscribing, you should have checked the redemption period shown on the product page. The agreement states that once a redemption request is submitted, it may not be cancelled, revoked, or modified.
Risk warning: During the standard redemption period, assets are completely locked. If the market experiences extreme volatility during this time, you cannot sell or transfer these assets.
Step 3: Confirm who pays the gas fee and how it is calculated
Gas fees are not covered by the platform. On-Chain Earn involves blockchain network interactions, and this cost must be borne by users.
What to do: Clarify who pays gas fees for On-Chain Earn and how they are deducted.
How to do it:
OKX's Earn product fee schedule explicitly lists a gas fee for On-Chain Earn products, defined as "network transaction fees when the Earn service interacts or transfers on the blockchain."
On-Chain Earn involves staking your assets to third-party DeFi or staking protocols, a process that requires calling the blockchain network and generates gas fees. OKX's platform fee (service fee) is taken from the total yield, but gas fees are blockchain network costs, not platform commissions.
Users can check estimated gas fees via the OKX Web3 wallet API; an estimated fee field is displayed at redemption to estimate the gas limit required for the redemption operation.
When conducting on-chain operations in Web3 wallet, if the gas fee is insufficient, the wallet will provide a "Swap for Gas" feature, automatically converting your other assets into the required token to pay the network fee.
Completion criteria: You have confirmed that gas fees for On-Chain Earn must be paid by users; the platform will not cover them.
Risk warning: Gas fees will be deducted from your assets at redemption, so the actual amount received will be less than the redemption principal and interest. Gas fees fluctuate significantly across different chains and times; it is advisable to check the estimated fee at redemption and avoid periods of network congestion.
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How to confirm the operation is correct?
After submitting the redemption request, do three things:
Check redemption status: In [Assets] – [Earn] – [On-Chain Earn] holdings page, see if the current order is "Redeeming" or "Completed."
Verify yield stop time: After the redemption request is submitted, yield will not increase. If you still see yield accumulating the next day, it means the redemption request may not have been successfully submitted; redo the operation.
Wait and accept the cycle: Depending on the token you are redeeming, accept the fact that standard redemption may take several days to several weeks. If the platform offers a "Fast Redemption" feature, check if you meet the conditions (note that Fast Redemption has daily limits), but it may not be available for all products and amounts.
