Exchanges are vying for clients as cryptocurrency shows symptoms of a potential bull run. Customers have benefited from a bounty of bargains as a result.
On its OKX Earn platform, one of the biggest exchanges in the world, OKX, launched a number of flash deals. In an effort to improve customer experience, the exchange also introduced cross-chain gas exchanges for OKX Wallet users.
Users of OKX Earn can now take part in flash sales on a variety of tokens as of this Friday. During a brief period of time, these arrangements provide high annual percentage yields (APYs) on a variety of assets.
IguVerse (IGU), a well-known digital asset, is the subject of the first flash deal, which provides a 7-day period with an annual percentage yield (APY) of 150%. The aggregate maximum of this initial offering is 1,000,000 IGU, with a per-investor limit of 4,000 IGU.
In the upcoming days, OKX intends to launch more flash offers for other assets.
It is crucial to remember that offering high APYs is essentially a marketing tactic. These bargains are only available for a limited time from OKX because they cannot be sustained over the long term.
For OKX Wallet Users, Cross-Chain Gas Swaps
Cross-chain gas swaps are being added to OKX's gas switch capability. This implies that users can use a variety of tokens to pay for gas while transferring tokens on-chain.
Users can utilize alternative tokens, such as stablecoins like USDT, USDC, or DAI, rather than simply the native token, such as Ether for Ethereum.
Nine networks are now supported by the Swap for gas feature: Tron, Ethereum, OKC, BSC, Polygon, Fantom, Avalanche, Arbitrum, and Optimist. Next, OKX intends to increase support for additional blockchains.