OKX xBTC Borrow Fee Rebate

Section

Key Points

Eligibility

β€’ Wallet supplies xBTC only as collateral

β€’ Borrows USDC or APT exclusively

β€’ Adding any other asset as collateral voids eligibility

(work-around: open a separate profile for mixed collateral)

Fee flow

β€’ Borrow fees accrue and are charged in real time

β€’ We track them for 30-day cycles starting 16 Jun β†’ 16 Jul, 16 Jul β†’ 16 Aug, etc.

Reimbursement cadence

β€’ 100 % of fees paid in the previous cycle are reimbursed on the 1st business day of the following month (e.g., fees from 16 Jun–16 Jul reimbursed on 1 Aug). Note that there might be a small discrepancy in the order of 0.000001 USD which is almost negligible.

Claiming UI

We will announce a UI for users to claim their borrow fee.

Example

β€’ Deposit 10 xBTC

β€’ Borrow 10 000 USDC on 16 Jun

β€’ Borrow fee = 10 USDC during 16 Jun–16 Jul

β€’ 10 USDC becomes claimable on 1 Aug

β€’ If you also post 10 000 APT as collateral, no borrow rebate qualifies.

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