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Crypto DeFi

OKX Opens Pre-Subscription for USDT Yield Event With 1M USDT Pool

OKX has opened pre-subscription for a new USDT yield campaign with a total prize pool of 1 million USDT split across BTC and ETH pools, the exchange said. The BTC pool holds 410,000 USDT and the ETH pool 590,000 USDT. Pre-subscription opened on Oct. 31 at 15:00 UTC+8, with simple earn interest accruing during the period, while token rewards count only after the event officially starts on Nov. 3, 2026 and runs to Nov. 8.

Original source

AI take

The split of the pool toward ETH over BTC is the detail worth noticing: it signals where OKX expects user demand to concentrate, and reward allocation is a soft read on platform incentives rather than a market call. For yield-seeking stablecoin holders, the structure matters more than the headline number, since simple earn interest accrues from pre-subscription while token rewards only count from the official start date, creating a gap between when funds are committed and when the full campaign economics apply. Whether such pre-subscription windows become a standard feature across exchanges is the open question.

Generated by AI for reference only.

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