How do I stake and redeem OKSOL crypto?

What's OKSOL?

OKSOL is the liquid staking token for Solana, developed exclusively by us. It represents staked SOL on our platform, providing users with the benefits of staking while maintaining liquidity. When users stake SOL, they receive OKSOL at a 1:1 ratio, enabling them to earn staking yields and MEV rewards without locking their funds. OKSOL can be used as collateral, traded, or integrated into other DeFi strategies, all while the underlying SOL remains securely staked. This makes OKSOL a versatile and efficient solution for maximizing the potential of your staked assets.

Why should I use OKSOL?

• Low-risk profile: OKSOL is designed with a low-risk approach, offering users a secure way to grow their assets without unnecessary exposure.

• Fast redemption options: users can redeem OKSOL conveniently, ensuring enhanced liquidity and accessibility for a seamless staking experience.

• High capital efficiency: its capital-efficient design allows users to maximize yields with minimal initial investment, making it an ideal choice for structured products and collateralization scenarios.

• Stable rewards: OKSOL offers consistent and reliable rewards, enabling users to grow their assets steadily over time.

What are the utilities of OKSOL?

OKSOL is used primarily to provide flexibility for users who want to stake their SOL on Solana without losing liquidity. Here are a few potential utilities and benefits:

• Liquidity provision: OKSOL serves as a strategic asset for providing liquidity across various trading pairs on the exchange. This enables faster transactions, tighter spreads, and smoother trading experiences, particularly beneficial for high-frequency traders.

• Collateral for loans: OKSOL can be utilized as collateral for loans on the platform, allowing users to access liquidity without selling their holdings. This is an ideal option for those aiming to maintain their positions for long-term gains while meeting short-term cash flow needs.

• Base asset for Structured products: OKSOL can be integrated into structured products like Shark Fin and Dual Investment, opening innovative opportunities for users to maximize returns while managing risk effectively.

How do I stake SOL to get OKSOL?

The staking mechanism will follow the actual Solana native staking rules.

1. Head over to On-chain Earn on Grow section and select staking on SOL

   

   Select SOL to start the staking process

2. Enter the amount of SOL to stake

   

   Fill in your preferred amount to stake

3. Select Continue to stake

   

   Proceed to select Continue

4. Upon successful subscription, OKSOL will be credited to your funding account

How do I redeem SOL?

The redemption period is subject to the Solana network conditions.

There are 2 methods to redeem your OKSOL:

Once you request for redemption, your OKSOL will be locked, and you won’t receive any rewards from then on.

1. Head over to the SOL staking page and select Redeem

   

   Select Redeem to start the redemption process

2. Enter the amount you wish to redeem and select Continue

   

   Fill up your preferred amount and proceed to redeem

3. Your redemption amount will be distributed to your funding account in 3 to 5 days

How do I check my earnings and estimated annual percentage rate (APR)?

1. Head over to Asset and select View all

   

   Select View all to view the list of staking tokens

2. Select OKSOL from the list of liquid staking tokens

   

   Select OKSOL to view the details

3. You'll be able to find out the Estimated APR and accumulated earnings

   

   View the APR under the Earnings section

If you're wondering how you can use the on-chain earn, visit here.