OKX to list Lido Staked Ether (STETH) for spot trading

OKX is pleased to announce the listing of Lido Staked Ether (STETH) on our spot trading markets. Please take note of the following schedule:
 

1. STETH deposits will open at 2:00 am UTC on July 18, 2023.
2. STETH /USDT, STETH /ETH spot trading will open at 10:00 am UTC on July 18, 2023.
3. STETH withdrawals will open at 10:00 am UTC on July 19, 2023.

stETH is a transferable rebasing utility token representing a share of the total ETH staked through the protocol, which consists of user deposits and staking rewards. Because stETH rebases daily, it communicates the position of the share daily.
Asset name: Lido Staked Ether
Ticker: STETH
 
OKX will support STETH-holding rebasing rewards by taking snapshots of users’ accounts randomly between 11:30 am - 12:30 pm UTC every day. The amount of tokens you will receive in the airdrop = The amount of STETH equities you hold at the moment of the snapshot / The amount of STETH equities all OKX users hold at the moment of the snapshot × The total amount of tokens from the rebase received by OKX. OKX will airdrop the rewards to qualifying user accounts on the next day. Tokens will be deposited to your funding account automatically.
 
Time of snapshot: 11:30 am - 12:30 pm UTC every day
Accounts for snapshot: Funding account, Trading account, and Grow account
 
Please note:

1. At the time of the snapshot, all STETH tokens that are being withdrawn or not deposited yet will not be included.
2. At the time of the snapshot, accounts that hold STETH tokens valued under 1 USD will not be included in the airdrop.
3. STETH tokens you receive based on holdings in sub-accounts will all be reflected in the total STETH tokens you receive in your main account.

Risk warning: The foregoing overview and information, some of which may be provided by third parties and not OKX, are for informational and educational purposes only. OKX does not guarantee the accuracy or completeness of any information contained herein and such information does not constitute any representation, warranty nor any financial, investment or other form of advice by OKX. Such information may not be suitable for all persons; it should not be relied upon in connection with a particular investor's trading; and, is not intended to be, nor should be construed as, an offer, recommendation or solicitation. Such information is also not intended for persons who reside in jurisdictions where providing such information would violate the laws or regulations of such jurisdiction. Digital assets are highly speculative and subject to high volatility, may become iliquid at any time, and that investors may lose the entire value of their investment. Before trading any digital asset, you should do your own research and evaluate your risk appetite. OKX is not responsible for any losses which you may incur from trading digital assets. Please refer to Terms of Service and Risk & Compliance Disclosure for more information.
 
For any inquiries regarding this listing, please feel free to contact us in the official OKX Telegram group or via the Support Center.
 
OKX
July 18, 2023