The cryptocurrency landscape continues to evolve, offering users more advanced trading tools and yield-generating opportunities. In a recent development, OKX has expanded its suite of financial products by introducing new trading and earning options for two promising digital assets: Frax Share (FXS) and Liquity (LQTY). These additions enhance the platform’s versatility, catering to both active traders and passive income seekers.
This update brings FXS and LQTY into the spotlight with the launch of USDT-margined perpetual contracts, leverage trading pairs, and Simple Earn staking options—all designed to improve accessibility, flexibility, and profitability for users across different risk profiles.
Whether you're an experienced trader looking to capitalize on price movements or a long-term holder aiming to earn yield, OKX’s latest offerings provide timely and strategic opportunities in the ever-growing DeFi ecosystem.
Expanded Trading Capabilities: Leverage and Perpetual Contracts
FXS/USDT and LQTY/USDT Leverage Trading
Starting January 12, 2025, at 15:30 UTC+8, OKX officially launched FXS/USDT and LQTY/USDT leverage trading on its web, mobile app, and API platforms. This enables traders to open margin positions using USDT as collateral, amplifying their exposure to price changes in both directions.
Leverage trading allows users to borrow funds to increase their position size, potentially magnifying profits (and losses). The platform supports tiered margin levels based on account tier and risk profile. Users are encouraged to review the updated "Leveraged Borrowing Position Tiers" guide post-launch for detailed information on maximum borrowable amounts, maintenance margins, and liquidation thresholds.
👉 Discover how leverage trading can boost your crypto strategy today.
Perpetual Contracts for FXS and LQTY
Later the same day, OKX rolled out FXSUSDT and LQTYUSDT perpetual contracts, with FXS going live at 16:00 UTC+8 and LQTY following at 18:00 UTC+8. These are USDT-margined derivatives that allow traders to speculate on future price movements without expiration dates—ideal for both short-term scalping and longer-term directional bets.
Key features include:
- Cross and isolated margin modes for flexible risk management
- Consistent price limit mechanisms aligned with other major USDT perpetuals
- Deep liquidity pools to support smooth entry and exit
To ensure stability during initial trading hours, OKX implemented a temporary cap on funding rates. Until 00:00 UTC+8 on January 13, 2025, the maximum funding rate was limited to 0.03%. After this period, it reverted to the standard cap of 1.50%, with the first actual funding payment occurring at 16:00 UTC+8 on January 13.
This precaution helps prevent excessive volatility in funding costs during the early adoption phase when market sentiment may be unstable.
Passive Income Opportunities: Simple Earn for FXS and LQTY
For users who prefer low-risk strategies, OKX introduced Simple Earn products for both FXS and LQTY. Available from the same launch date—January 12, 2025—these programs let holders earn yield by staking their tokens through a straightforward, user-friendly interface.
Simple Earn operates on a flexible or fixed-term basis, allowing participants to choose between immediate liquidity and higher annual percentage yields (APYs). While exact returns depend on market demand and supply dynamics, early data suggests competitive rates compared to other centralized platforms.
Users should refer to the official OKX Simple Earn Rules documentation for details on subscription cycles, redemption policies, and reward distribution schedules.
This integration not only enhances token utility but also strengthens investor confidence by providing tangible incentives for holding FXS and LQTY over time.
Why FXS and LQTY? Understanding the Underlying Value
Frax Share (FXS): Powering a Hybrid Stablecoin Ecosystem
FXS is the governance and value-capturing token behind Frax Finance, one of the most innovative projects in decentralized finance. As the native token of a fractional-algorithmic stablecoin protocol, FXS plays a crucial role in maintaining the peg of FRAX, a USD-pegged stablecoin.
Unlike fully collateralized or purely algorithmic models, Frax uses a dynamic combination of both, adjusting the collateral ratio based on market conditions. FXS holders benefit from protocol revenue generated through seigniorage, staking rewards, and governance rights.
With growing adoption in lending markets, cross-chain integrations, and yield farms, FXS continues to demonstrate resilience and long-term potential.
Liquity (LQTY): Decentralized Borrowing Without Time Constraints
LQTY powers Liquity Protocol, a non-custodial borrowing platform that allows users to take out 0% interest loans in LUSD—a USD-pegged stablecoin—by locking up ETH as collateral. The system is entirely decentralized and does not require periodic repayments, making it attractive for long-term leverage or liquidity generation.
LQTY tokens are used to incentivize stability providers—users who deposit LUSD into a Stability Pool to absorb liquidated collateral in exchange for LQTY rewards. This mechanism ensures system solvency while rewarding early adopters.
As Ethereum’s DeFi ecosystem matures, protocols like Liquity offer scalable solutions for decentralized credit creation, positioning LQTY as a strategic asset in any diversified portfolio.
Frequently Asked Questions (FAQ)
Q: When did FXS and LQTY become available for leverage trading on OKX?
A: FXS/USDT leverage trading went live on January 12, 2025, at 15:30 UTC+8. LQTY/USDT followed at 17:30 UTC+8 on the same day.
Q: What are the benefits of using perpetual contracts over spot trading?
A: Perpetual contracts allow traders to use leverage, go long or short without owning the underlying asset, and maintain positions indefinitely. They’re ideal for hedging or speculating on price trends.
Q: Is there a risk cap on funding rates for new contracts?
A: Yes. To ensure market stability, OKX capped the funding rate at 0.03% until January 13, 2025, at 00:00 UTC+8. After that, it returned to the standard maximum of 1.50%.
Q: Can I withdraw my staked FXS or LQTY anytime through Simple Earn?
A: It depends on the product type. Flexible subscriptions allow instant redemption, while fixed-term plans may lock funds until maturity. Always check terms before subscribing.
Q: Are there any fees associated with opening leveraged positions?
A: While there’s no direct fee for opening a position, traders pay funding fees every eight hours when holding a perpetual contract past settlement time. Borrowing costs also apply in margin trading.
👉 Start earning yield on your crypto holdings with ease.
Final Thoughts: A Step Forward in Financial Flexibility
OKX’s decision to integrate FXS and LQTY into its leverage trading, perpetual contracts, and Simple Earn ecosystem reflects a broader trend toward comprehensive financial services in the crypto space. By combining high-leverage derivatives with accessible earning tools, the platform empowers users to tailor their strategies according to individual goals—whether that’s aggressive trading or conservative income generation.
As decentralized finance continues to mature, assets like FXS and LQTY stand out due to their real-world utility, transparent mechanics, and strong community backing. Their availability on leading exchanges like OKX increases visibility and liquidity, paving the way for wider adoption.
For traders and investors alike, now is an opportune moment to explore these assets—and the full range of tools available to maximize returns in a dynamic market environment.
👉 Unlock advanced trading features and start exploring FXS and LQTY today.