Whales are the key demographic exchanges compete for during a bear market. OKX made a nice little tweak recently: when calculating VIP levels, they now include funds in both CEX and Pay. The benefits of this are: ◦ If you keep some funds in Pay, it won’t affect your Flash Deals participation limit on CEX. ◦ Plus, the annual yield on USDG in Pay is now tied to your VIP level. Considering both dimensions together is a big help for those with deep pockets. Here’s the OKX VIP level chart—just meet the asset requirements, no need to hold any OKB: ◦ Non-VIP < 100,000 USD ◦ VIP 1 ≧ 100,000 USD ◦ VIP 2 ≧ 250,000 USD ◦ VIP 3 ≧ 500,000 USD ◦ VIP 4 ≧ 2,000,000 USD ◦ VIP 5 ≧ 5,000,000 USD ◦ VIP 6 ≧ 10,000,000 USD