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Quick answers to your most common Okcash inquiries​

Okcash ($OK) – The Leading Multichain, Open-Source Digital Cash
  • How does OK staking work in the new multichain system? Do I need to leave my wallet open to earn rewards?

  • How do I back up my wallet, and what should I do if I need to restore it?

    Protecting your treasure is crucial! To back up your MetaMask, Trust Wallet, or similar wallets, securely save your 12- or 24-word recovery phrase—your magic words! This phrase is your master key, allowing you to access your OK balance across any supported chain and device.

    Write it down on paper and store it offline, in a secure location like a safe or vault. Avoid digital copies like screenshots or notes on your phone.

    To restore your wallet, simply:
    - Download the wallet app on your new device.
    - Select the "Import Wallet" option.
    - Enter your recovery phrase.

    Voilà! Your OK balance and settings will be restored. Remember, never share your recovery phrase with anyone—it's the key to your kingdom!

  • How long does it take for staked OK to earn rewards on the different chains?

    Once you stake your OK on any supported chain, rewards start accumulating immediately! The rewards are determined by the specific APY of that chain’s pool—be it Base, BSC, Polygon, or others.

    - No waiting periods or lock-up times!
    - APYs vary based on total staked OK and market dynamics.
    - Check each pool's APY before staking to choose the best fit for your goals.

    Start staking and watch your rewards roll in!

Okcash ($OK) – The Leading Multichain, Open-Source Digital Cash
  • What’s the best way to keep my OK secure across multiple chains?

  • What should I know about APY rates in OK’s multichain staking pools?

    The OK staking pools offer competitive APYs across different chains! Each pool—whether on Base, BSC, Polygon, Avalanche, or Arbitrum—has a unique APY based on:

    - Staking pool size.
    - Duration.
    - Total staked OK.
    - Market dynamics.

    For example:

    - 82% APY on Base.
    - Up to 300% APY on Arbitrum!

    Pro Tip: Always check the specific pool’s APY before staking to select the option that best fits your reward goals. Maximize your gains with OK!

  • Can I participate in OK’s governance through staking or holding OK?

    Absolutely! With the upcoming OK DAO, staking and holding OK across chains will enable you to participate in governance:

    - Submit proposals for new projects, integrations, and strategic decisions.
    - Vote on community initiatives and help shape the future of OK!
    - Be part of a fully decentralized governance model where your voice matters!

    Join the OK Heroes and have a direct impact on OK’s direction. Your stake, your say!

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