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 Junβ16 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 Junβ16 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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