MEXC On-Chain Earn FAQ
1. About MEXC On-Chain Earn Products
1.1 What is MEXC On-Chain Earn?
MEXC On-Chain Earn allows you to easily participate in on-chain protocols directly through your MEXC Spot Account and earn token rewards or other incentives. With On-Chain Earn, you can access on-chain yield opportunities without performing complex on-chain setups or operations. In simple terms, it is a wealth management solution that helps your crypto assets generate passive returns.
1.2 Why choose MEXC On-Chain Earn?
MEXC On-Chain Earn removes the technical barriers of traditional on-chain staking. You can participate without running your own node or holding a large amount of tokens. The platform offers a one-click staking experience and enterprise-grade asset security, while all complex technical processes, including network fee management, node operations, and reward distribution, are handled by a professional team. Compared with direct on-chain staking, MEXC can also provide more flexible liquidity options.
1.3 What tokens and protocols does MEXC On-Chain Earn support?
MEXC On-Chain Earn supports a variety of tokens and staking protocols. Each token and protocol may have different staking and redemption rules depending on its network. You can visit the MEXC On-Chain Earn page to view all currently supported tokens and protocols. MEXC will continue to expand the range of supported assets to meet users' diverse earning needs.
2. About MEXC On-Chain Earn Yield
2.1 Can I earn rewards through MEXC On-Chain Earn?
Yes. When you stake tokens, you are participating in maintaining the security of the blockchain network and can earn rewards in return. These rewards mainly come from newly minted tokens and network transaction fees. However, please note that your actual returns may still be affected by token price fluctuations. If the market price falls significantly, your fiat-denominated assets may still decrease even if you receive staking rewards.
2.2 How is the estimated APR of MEXC On-Chain Earn determined?
The estimated APR is dynamically adjusted based on on-chain staking rewards and may be affected by multiple factors, including the total amount of staked assets, network inflation rate, transaction volume, and platform fees. MEXC provides transparent estimated APR information on the product page to help you make informed investment decisions.
2.3 What is the compounding mode in MEXC On-Chain Earn?
Compounding in MEXC On-Chain Earn means that your yield is generated from both your staked amount and the rewards accumulated during the holding period. Through compounding, your rewards can be automatically restaked to generate additional yield. Please note that accumulated compound yield in On-Chain Earn will only be transferred to your Spot Account after redemption.
2.4 Are there any fees for MEXC On-Chain Earn?
MEXC charges a certain percentage of service fees, which will be deducted directly from your yield. For example, if your original yield is 10 USDT and the service fee is 1%, the final amount you receive will be 9.9 USDT. The exact fee rate varies by protocol, and you can check the staking page for details.
3. About Using MEXC On-Chain Earn
3.1 How do I participate in MEXC On-Chain Earn?
You only need to hold the corresponding cryptocurrency in your Spot Account, go to the MEXC On-Chain Earn page, select the token you want to stake, enter the staking amount, check the relevant agreement, and click Stake Now to complete the process. For more details, please refer to What Is MEXC On-Chain Earn?
3.2 Do I need to complete KYC verification to participate in MEXC On-Chain Earn?
Yes. Like other MEXC Earn products, participating in MEXC On-Chain Earn requires completing Primary KYC Verification. This is a necessary measure to ensure compliant platform operations and protect user assets.
3.3 Can I cancel my order after staking?
No. Once an order has been successfully submitted, it cannot be canceled. However, you can initiate redemption at any time. From the moment the redemption request is submitted, the redeemed principal will no longer generate yield.
3.4 Can I redeem my staked assets at any time?
Yes. You can redeem your assets at any time. However, redemption processing times and rules may vary depending on the protocol. In most cases, once you stop staking, the assets will enter an unstaking period, which may range from several days to several weeks. During this period, the assets remain locked and do not generate yield. For specific redemption rules, please refer to the details shown on the redemption page. MEXC flexible staking products can usually provide faster liquidity options.
4. Risk and Security
4.1 Is MEXC On-Chain Earn safe?
MEXC On-Chain Earn provides enterprise-grade asset security. The platform professionally manages node operations, network fees, and reward distribution. However, users should still understand the inherent risks of on-chain staking, including market price volatility, protocol-level slashing risk, and liquidity risk. Through professional technical management, MEXC minimizes technical risks such as slashing to the greatest extent possible.
4.2 What is the slashing mechanism?
Slashing is a penalty mechanism used in Proof of Stake protocols. If a validator behaves maliciously or stays offline for an extended period, the network may confiscate part of its staked tokens. Through professional technical management and strict validator selection standards, MEXC minimizes such risks for users to the greatest extent possible.