The world of decentralized finance (DeFi) continues to evolve, and OKX is at the forefront by integrating powerful earning tools for users. Starting September 14, 2023, at 3:00 AM UTC, OKX will support the DAI Savings Rate (DSR) on its On-chain Earn platform — a move that empowers users to earn passive income directly from one of DeFi’s most trusted protocols, MakerDAO.
This integration allows users to stake as little as 1 DAI and start earning interest with full control over their funds. Whether you're new to crypto or a seasoned DeFi participant, DSR offers a simple, secure, and gas-free way to grow your stablecoin holdings.
What Is DAI Savings Rate (DSR)?
The DAI Savings Rate (DSR) is a smart contract mechanism developed by MakerDAO, allowing users to earn interest on their DAI holdings. Unlike traditional savings accounts, DSR operates entirely on the Ethereum blockchain, giving users complete autonomy over their assets at all times.
When you deposit DAI into DSR, you’re not lending it to a third party or locking it in a pool. Instead, your DAI remains under your control while accruing yield generated from real-world asset returns and protocol fees within the Maker ecosystem.
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This makes DSR one of the most secure ways to earn yield on stablecoins — no counterparty risk, no complex liquidity pools, just straightforward interest accumulation.
How Does DSR Work on OKX’s On-chain Earn?
OKX simplifies access to DSR through its On-chain Earn feature. Here's what you need to know:
- Minimum Stake: Just 1 DAI
- Estimated APR: Approximately 5% (subject to change based on MakerDAO’s dynamic rate adjustments)
- Redemption: Instant and flexible — withdraw anytime
- Gas Fees: Fully covered by OKX — no hidden costs
- Interest Distribution: Accrued daily; credited to your Funding account upon redemption
Once you subscribe, OKX transfers your staked DAI into the DSR contract. Interest begins accumulating from 3:00 AM UTC on September 14, 2023. You retain full ownership throughout the process.
Unlike some yield-generating platforms, there are no product quotas or individual caps, meaning you can stake as much DAI as you'd like without hitting artificial limits.
Why Choose DSR for Passive Income?
1. Backed by Real-World Assets
MakerDAO generates revenue through interest on real-world assets (RWA) like U.S. Treasury bonds and corporate credit lines. These low-risk investments provide a stable source of returns, which are then passed on to DAI holders via DSR.
This model reduces reliance on volatile crypto markets and creates a more sustainable yield structure.
2. Decentralized & Transparent
As a decentralized protocol running on Ethereum, MakerDAO’s operations are publicly verifiable. You can track how yields are generated and how funds are allocated — all without intermediaries.
3. No Lock-Up Periods
You’re never locked in. Withdraw your DAI at any time without penalties or delays. This liquidity flexibility is rare among high-yield financial products.
4. Security-First Design
Since DSR uses non-custodial smart contracts, your funds aren't exposed to centralized custodians or lending platforms that could be hacked or mismanaged.
How to Stake DAI via On-chain Earn
Getting started is simple:
On Web:
- Go to the navigation bar
- Click Grow > Earn > On-chain Earn
- Search for DAI
- Select Subscribe
On Mobile App:
- Tap Grow > Earn > On-chain Earn
- Search for DAI
- Tap Subscribe
That’s it — your DAI starts earning immediately.
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Interest Calculation & Payout Schedule
Interest begins accruing the moment your DAI is transferred into the DSR contract — starting from September 14, 2023, at 3:00 AM UTC.
While interest accumulates daily, it is only distributed to your Funding account upon redemption. This means if you redeem after 30 days, you’ll receive one lump sum of accrued interest for that entire period.
The APR is not fixed — it adjusts dynamically based on MakerDAO’s governance decisions and macroeconomic conditions affecting its real-world asset portfolio.
Understanding MakerDAO’s Role
MakerDAO is one of the pioneering forces in DeFi. Built on Ethereum, it enables users to generate DAI — a decentralized, crypto-backed stablecoin pegged to the US dollar — by locking up collateral in smart contracts.
Beyond issuing stablecoins, MakerDAO has evolved into a major player in the real-world asset (RWA) space. By investing protocol revenue into low-risk financial instruments like U.S. Treasuries, MakerDAO ensures consistent returns that benefit DAI savers through DSR.
This blend of decentralization and traditional finance creates a unique hybrid system — offering stability without sacrificing innovation.
Frequently Asked Questions (FAQ)
Q: Is there a minimum lock-up period for staking DAI?
No. You can redeem your DAI at any time without penalties. There are no lock-up requirements.
Q: How is the APR determined?
The estimated APR (~5%) is set by MakerDAO and adjusted periodically through community governance based on real-world asset yields and economic conditions.
Q: Who pays the gas fees when staking or redeeming?
OKX covers all gas fees associated with staking and redemption, making the process completely free for users.
Q: When will I receive my interest?
Interest accumulates daily but is only credited to your Funding account after you redeem your staked DAI.
Q: Is my money safe in DSR?
DSR operates via audited smart contracts and does not expose your funds to third-party borrowers. However, smart contract risks and market conditions always exist in DeFi. Always do your own research.
Q: Can I stake more than 1 DAI?
Yes. There are no upper limits on how much DAI you can stake through On-chain Earn.
Final Thoughts
The addition of DAI Savings Rate (DSR) to OKX’s On-chain Earn platform marks a significant step toward bringing institutional-grade yield opportunities to everyday users.
With benefits like low entry barriers (1 DAI), no gas fees, instant redemption, and backing from one of DeFi’s most resilient protocols, this product offers an attractive option for those looking to earn reliable returns on stablecoins.
Whether you're preserving capital or building long-term wealth, leveraging tools like DSR helps you make the most of your digital assets — securely and efficiently.
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By combining ease of use with robust underlying technology, OKX continues to bridge the gap between traditional finance and the future of decentralized earning. Now is the perfect time to explore how your stablecoins can work harder for you.