How to Access OneKey DeFi Earn

OneKey App includes a built-in DeFi Earn entry point, allowing users to put idle assets to work in on-chain protocols without ever leaving the app.

Why It Matters

Traditional financial products often involve cumbersome account-opening processes, whereas on-chain DeFi protocols operate 24/7 without interruption — and assets always remain under the user's control. OneKey consolidates scattered DeFi entry points into a single interface, lowering the barrier for everyday users to explore on-chain yield opportunities. The Ethereum DeFi ecosystem has grown to significant scale, and DeFiLlama tracks the total value locked (TVL) of each protocol in real time for user reference.

Core Mechanics and Key Concepts

What is DeFi Earn? DeFi Earn is an aggregated display module within OneKey App for multiple on-chain yield protocols. Users can browse available yield products in this module and initiate deposit operations with a single tap.

Where do funds go? User funds are deposited directly into the underlying protocol (such as liquidity pools or lending protocols) via smart contracts. OneKey does not custody user assets — private keys remain with the user at all times.

Where does yield come from? Yield comes from fees collected by the protocol from borrowers or liquidity consumers, distributed proportionally to depositors. Yield rates fluctuate in real time with market supply and demand. Historical APY is not indicative of future performance.

Gas fees Every deposit or withdrawal operation requires payment of network Gas fees. OneKey's Gas Account feature can help users manage their Gas balance more conveniently.

User Scenarios

• Holding idle USDT: Users want to put stablecoins into on-chain protocols to earn a floating rate higher than a traditional savings account, while keeping their assets visible and controllable on-chain.
• Multi-chain deployment: Users hold assets on Ethereum, BSC, Polygon, and other chains and want to manage yield operations across all of them from a single app.
• First-time DeFi user: Users who have just started learning about DeFi want to try it in small amounts within the familiar OneKey interface, without having to navigate to an unfamiliar third-party website.

How to Access DeFi Earn in OneKey App

1. Download and install OneKey App.
2. Open the app and tap the "Discover" or "Earn" tab in the bottom navigation bar (exact tab name depends on the current app version).
3. Find the DeFi Earn section at the top of the page or in the category list.
4. Select the target asset (e.g., USDT, ETH) and the corresponding protocol, then tap "Deposit."
5. Enter the amount, review the estimated Gas fee, and sign the transaction in your wallet.
6. Once the transaction is confirmed on-chain, yield begins accruing according to the protocol's rules.

Tip: Before using DeFi Earn for the first time, make sure your wallet holds enough native tokens (such as ETH or BNB) to pay Gas fees.

Risks and Precautions

• Smart contract risk: Every DeFi protocol carries the possibility of contract vulnerabilities or attacks. Funds are not covered by traditional financial institution insurance.
• Yield variability: APY changes in real time with market conditions. Fixed returns cannot be guaranteed, and there are no "principal protection" or "low-risk" assurances.
• Liquidity risk: In extreme market conditions, some protocols may experience withdrawal delays or insufficient liquidity.
• Private key security: Always back up your seed phrase properly. Refer to the MetaMask seed phrase guide for best practices.
• Approval management: Regularly review and revoke contract approvals you no longer need at Revoke.cash to reduce approval-related risk.
• Phishing awareness: Only access the app through the official channel onekey.so. Be vigilant against fake sites and familiarize yourself with common OWASP phishing attack techniques.

FAQ

Q: What is the difference between DeFi Earn and a regular transfer? A: DeFi Earn deposits your assets into an on-chain smart contract to participate in protocol operations. A regular transfer simply moves assets from one address to another and does not generate protocol yield.

Q: When can I withdraw after depositing? A: Withdrawal timing depends on the protocol selected. Most protocols support withdrawal at any time, but some have lock-up periods. Read the protocol documentation carefully before depositing.

Q: Which chains and tokens does DeFi Earn support? A: Available networks and tokens change with app updates. Check what is actually displayed within the app for the current list.

Q: What should I do if a deposit fails? A: The most common causes are insufficient Gas or network congestion. Wait for congestion to ease and retry, or adjust the Gas priority within the app.

Q: Does OneKey charge additional fees? A: Beyond on-chain Gas fees, OneKey may charge a small platform service fee. Refer to the in-app description for specifics.

Next Steps

Ready to explore on-chain yield? Download OneKey App now and begin your DeFi Earn journey in a secure and transparent environment. Make sure you fully understand the associated risks before committing funds, and only participate with capital you can afford to lose. For more basics on Ethereum accounts and wallets, refer to the Ethereum official wallet guide.