Introduction
OKX is excited to announce the launch of the Compound v3 (Arbitrum) USDC On-Chain Earn Product on July 3, 2024. This product streamlines decentralized finance (DeFi) operations, enabling users to earn real chain-based annualized yields effortlessly.
👉 Start earning with Compound v3 today
What Is Compound v3?
Compound v3 is an EVM-compatible protocol where users can:
- Supply crypto assets as collateral to borrow underlying assets.
- Deposit base assets (e.g., USDC) to earn interest.
Rewards Structure
1. Deposit Interest
- Earn interest on USDC deposits, distributed upon principal redemption.
2. COMP Token Rewards
- Governance token rewards distributed every 7 days.
3. ARB Token Bonus (Limited-Time)
- First-phase campaign (until July 15): Share 100,000 ARB rewards with OKX Web3 Wallet users.
- Rewards distributed daily.
Key Features
✅ No subscription limits
✅ Simplified on-chain process
✅ Transparent yield mechanisms
👉 Explore the Compound v3 product
How to Participate
Web: Navigate to Finance > Earn > On-Chain Earn, search for USDC, and select Compound v3 (Arbitrum).
App: Go to Finance > Earn > On-Chain Earn, search USDC, and choose Compound v3 (Arbitrum).
FAQ
Q1: How often are rewards distributed?
- COMP: Weekly
- ARB: Daily (during the campaign).
Q2: Is there a minimum deposit?
- No, but ensure sufficient gas fees for Arbitrum transactions.
Q3: What risks should I consider?
- DeFi risks include smart contract vulnerabilities and market volatility.
Disclaimer
- Review project mechanisms (e.g., redemption rules, APY) before subscribing.
- OKX charges a service fee—details on the product page.
- OKX facilitates rewards distribution but isn’t liable for third-party risks (e.g., hacks).
OKX is committed to delivering innovative products and exceptional service.
OKX Team
July 3, 2024