The cryptocurrency landscape continues to evolve, offering users more diverse and accessible financial instruments. In a significant move to enhance its product suite, OKX has announced the launch of FXS/USDT and LQTY/USDT trading pairs across multiple advanced services. Starting January 12, 2025, users can access leverage trading, perpetual contracts, and simple earn opportunities for both FXS and LQTY directly through the OKX platform — available on web, mobile app, and API.
This expansion underscores OKX’s commitment to delivering innovative tools that meet growing demand for flexible trading and passive income solutions in the digital asset space.
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Enhanced Trading Options for FXS and LQTY
OKX has rolled out a comprehensive suite of services for two promising DeFi tokens: Frax Share (FXS) and Liquity (LQTY). These additions provide traders and investors with greater flexibility in managing exposure, hedging positions, and generating yield.
Leverage Trading and Simple Earn Availability
Starting January 12, 2025, the following features became available:
FXS/USDT:
- Leverage Trading: Available from 3:30 PM (UTC+8)
- Simple Earn: Available from 3:30 PM (UTC+8)
LQTY/USDT:
- Leverage Trading: Available from 5:30 PM (UTC+8)
- Simple Earn: Available from 5:30 PM (UTC+8)
Both assets support USDT-denominated leveraged trading, allowing users to amplify their market exposure with borrowed funds. The leverage tiers are dynamically structured based on position size and risk parameters — details of which can be viewed directly within the platform under “Margin Borrowing Position Tiers.”
For passive income seekers, the Simple Earn feature enables users to deposit FXS and LQTY to earn competitive interest rates without active trading. This provides a low-risk avenue to grow holdings over time, particularly appealing during sideways or volatile market conditions.
Perpetual Contracts Go Live
Perpetual contracts offer traders the ability to take long or short positions without expiration dates, making them ideal for both short-term speculation and longer-term hedging strategies.
- FXSUSDT Perpetual Contract: Launched at 4:00 PM (UTC+8)
- LQTYUSDT Perpetual Contract: Launched at 6:00 PM (UTC+8)
These contracts operate with USDT as collateral, ensuring pricing stability and ease of use for global traders. Trading rules including leverage limits, liquidation mechanisms, and funding intervals align with existing USDT-margined perpetuals on OKX, ensuring a consistent user experience.
Initial Funding Rate Protection
To ensure fair pricing during early market activity, OKX implemented a temporary cap on funding rates:
- Funding rate capped at 0.03% until January 13, 2025, at 12:00 AM (UTC+8)
- After this period, the maximum predicted funding rate reverts to the standard 1.50%
The first actual funding payment occurred at 4:00 PM (UTC+8) on January 13, giving traders time to adjust positions before full-rate cycles begin.
This safeguard helps prevent arbitrage imbalances and protects users from unexpected cost spikes during initial volatility.
Why FXS and LQTY?
Understanding the significance of these new listings requires insight into the underlying projects.
Frax Share (FXS): Powering a Hybrid Stablecoin Ecosystem
FXS is the governance and value-capture token of the Frax Protocol, one of the first fractional-algorithmic stablecoins. Unlike fully collateralized or purely algorithmic models, Frax combines both approaches to maintain the stability of its native stablecoin, FRAX.
As protocol usage grows — including lending, staking, and cross-chain deployments — FXS accrues value through seigniorage and governance rights. Its integration into leveraged and derivative markets reflects increasing institutional interest and ecosystem maturity.
Liquity (LQTY): Decentralized Borrowing Without Time Constraints
Liquity is a non-custodial borrowing protocol on Ethereum that allows users to take out interest-free loans in LUSD, a USD-pegged stablecoin, by locking ETH as collateral. The system operates without time limits or credit checks, relying on automated liquidations to maintain solvency.
LQTY rewards borrowers who participate in stability pools, where LUSD is used to absorb liquidated ETH at discounts. This creates a powerful incentive mechanism that strengthens network resilience while offering yield opportunities.
With rising ETH liquidity demands and growing DeFi adoption, LQTY’s inclusion in perpetual and margin offerings signals strong market confidence.
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FAQ: Your Questions Answered
What is the difference between leverage trading and perpetual contracts?
Leverage trading allows you to borrow funds to increase your position size in spot markets, typically for shorter durations. Perpetual contracts are derivative instruments that let you go long or short with high leverage and no expiry date, often used for speculative or hedging purposes.
How do I access FXS and LQTY Simple Earn?
Navigate to the “Earn” section on OKX, search for FXS or LQTY, select “Simple Earn,” and choose your preferred term or flexible option. Funds are typically locked only during subscription periods.
Are there risks involved in leveraged trading?
Yes. While leverage amplifies potential gains, it also increases the risk of liquidation if the market moves against your position. Always use risk management tools like stop-loss orders and avoid over-leveraging.
Can I trade these contracts on mobile?
Absolutely. Both FXSUSDT and LQTYUSDT perpetual contracts are fully supported on the OKX mobile app, with real-time charts, order execution, and portfolio tracking.
Is there a minimum amount required to start?
No strict minimums apply across all products, but certain tiers may require higher balances for maximum leverage or yield rates. Check the platform interface for real-time thresholds.
How are funding rates calculated?
Funding rates are exchanged between longs and shorts every 8 hours to keep contract prices aligned with the underlying index. Rates depend on interest differentials and market demand imbalances.
Final Thoughts
The introduction of FXS and LQTY across OKX’s leverage, perpetual, and earn platforms marks a strategic step toward broader DeFi integration. Traders now have more tools than ever to engage with emerging protocols offering real utility and sustainable tokenomics.
Whether you're an active trader looking to capitalize on price movements or a long-term holder aiming to generate yield, these new offerings expand your options in a secure, regulated environment.
As the crypto ecosystem matures, platforms like OKX continue to bridge innovation with accessibility — empowering users at every level.
👉 Unlock advanced trading features and start earning with your crypto today.