Dear OKX Users,
We're pleased to announce that OKX Earn has officially enabled redemption functionality for ETH 2.0 staking as of April 17, 2023, 21:00 (UTC+8). Users can now 👉 redeem their BETH holdings at a 1:1 ratio for ETH through our dedicated ETH 2.0 staking platform.
Redemption Process Explained
Key Operational Details:
- Universal Access: The redemption feature becomes simultaneously available to all OKX users
- Blockchain Processing: Requests are submitted to the Ethereum network and processed chronologically according to blockchain protocols
- Processing Timeline: Initial redemptions may take between 13 days to several weeks to complete
- Irreversible Actions: Once confirmed, redemption requests cannot be canceled
- Yield Impact: BETH tokens undergoing redemption will not generate additional staking rewards
Daily Processing Schedule:
- Batch Processing: All redemption requests submitted within a 24-hour period (prior to 16:00 UTC+8 daily) will be aggregated into a single blockchain transaction
- FIFO Principle: Requests are processed strictly following first-in-first-out sequencing
- ETA Visibility: Estimated completion time displays on the redemption interface before submission
Upon successful processing, your originally staked ETH will be automatically credited to your funding account.
Ongoing ETH 2.0 Staking Promotion
We're currently running exclusive airdrop campaigns for ETH 2.0 staking participants. Discover how to qualify through our 👉 ETH 2.0 staking portal.
Coming Soon: Additional ETH 2.0 staking rewards programs for long-term participants - stay tuned for enhanced yield opportunities!
OKX remains committed to delivering premium financial products and services.
Best regards,
The OKX Team
April 17, 2023 (UTC+8)
Frequently Asked Questions
What's the minimum redemption amount for ETH 2.0 staking?
There is no minimum threshold - users may redeem any quantity of BETH tokens.
Why does redemption take 13+ days?
This duration accommodates Ethereum's consensus mechanism requirements and network processing capacity.
Can I cancel my redemption request after submission?
No, all redemption confirmations are final and irreversible due to blockchain immutability.
Where can I track my redemption status?
Real-time updates appear in your transaction history and via email notifications.
Will redeeming affect my other staked positions?
No, only the specifically redeemed BETH tokens will be affected.
Are there redemption fees?
OKX currently charges no platform fees for ETH 2.0 staking redemptions.