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The OKX exchange, with a 12% annual percentage yield (APY) for staking SHIB, offers the highest interest rate for Shiba Inu, among all centralized cryptocurrency exchanges. A press statement from the exchange states that deposits can be made starting today. With a 40 million SHIB subscription limit per account, the total blocking duration of SHIB would be 90 days. The staking pool has a total value of 1.2 trillion SHIB. Along with this promotional push, the exchange also enables the staking of well-known cryptocurrencies like DOGE and XRP, albeit with considerably less enthusiasm than on Shiba Inu. These tokens only give a 5% yearly percentage return.
No Support From OKX Exchange To BEP2
OKX does not support BEP2 or BEP20 tokens on the BNB Chain network. It has been rumored that the lack of Binance projects stems from the fact that Changpeng Zhao, the head of Binance, previously worked for OKX. He was part of the OKX team before leaving to launch his project. Recently, OKX moved up, changed its name, and even signed on as a sponsor of Manchester City, one of the top soccer clubs in the English Premier League. One of the most well-known trainers in the sport's history, Pep Guardiola, participated in the exchange's ad campaign.
No Need For KYC
The current value of each user's 40 million SHIB accessible for staking is just $400. Despite this, the exchange does not need KYC to deposit tokens to a staking pool, which might also offer options to raise the cap in well-known ways.
SHIB Metaverse Project
Last week, Shiba Inu embraced Brandie Konopasek to join the SHIB Metaverse Team. The Shiba Inu team unveiled its much-awaited Metaverse project in March, intending to compete with the likes of Decentraland. Konopasek stated that interacting with the Shiba Inu army was a "thrilling experience." Marcie Jastrow, a seasoned Technicolor executive, was hired by the Shiba Inu team in late May to help the company's Metaverse project via brand partnerships.