OUSD Staking Now Live, Enjoy an APR of 15% According to On-Chain Rebase
Dear Pool-X Users,
Pool-X will be launching the OUSD Staking at 12:00:00 on May 14, 2021 (UTC). Stake to enjoy an APR of 15% (Pool-X will adjust the APR according to that of on-chain).
Click here to check the on-chain rewards.
The details can be found in the table:
| Staking Product | Activity Start Time (UTC) | Expected APR (excluding POL rewards) | Soft Cap of Single User | Hard Cap of Single User | Hard Cap of Whole Platform | Redemption Period (Number of Days) |
| OUSD | 2021/05/14 12:00:00 | 15% | 10 | No Hard Cap | No Hard Cap | 1 |
*During the staking period, in addition to the staking benefit from the project, users can also get a share of the POL mining rewards every day!
How to Participate: During the activity period, all KuCoin users can go to the Pool-X website and choose the desired product to stake.
Notes:
1. The rewards calculation will be based on the user's staking amount from 18:00:00 on T-1 day to 18:00:00 on T day (UTC). The rewards will be settled on T day and will be distributed on T+1 day.
2. Participate in the OUSD Staking on Pool-X for 24 hours to enjoy the on-chain rebase rewards. If there is no rebase on the chain during 18:00:00 on T-1 day to 18:00:00 on T day (UTC), there will be no rewards. Pool-X will be consistent with the on-chain.
3. Users need to be registered on KuCoin or Pool-X to join this Staking.
4. If users want to unstake their assets without waiting for the redemption period, they can visit the Exchange page on the official Pool-X website to trade (The trading on Pool-X Exchange will be unavailable 24 hours prior to end of staking campaign).
5. The user hereby confirms that participating in the staking activity is voluntary, and the KuCoin Group has not forced, interfered with, or influenced the user's decision in any way.
Risk Warning: Staking is a risk investment channel. Investors should be sensible in their participation and be aware of investment risks. The KuCoin Group is not liable for users’ investment gains or losses. The information we provide is for users to conduct their own research. It is not investment advice. The KuCoin Group reserves the right of final interpretation of the activity.
Thank you for your support!
The Pool-X Team
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