Revealed: July 01, 2024 at 9:38 am Up to date: July 01, 2024 at 9:38 am
Edited and fact-checked:
July 01, 2024 at 9:38 am
In Temporary
OKX partnered with Compound to launch the 100,000 ARB Compound bonus marketing campaign, rewarding customers for partaking with the Compound protocol.
Web3 expertise firm OKX introduced it has partnered with the decentralized finance (DeFi) lending and borrowing protocol Compound and the Arbitrum Basis to collaborate on introducing the Compound bonus marketing campaign. From right now till July 14th, customers partaking with the Compound DeFi protocol can earn a portion of the 100,000 ARB prize pool.
Customers can receive ARB tokens on high of the bottom APR by depositing their funds into the ‘Compound V3 USDC pool’ on the Arbitrum One blockchain utilizing the OKX DeFi aggregator.
Compound protocol gives alternatives for lenders to earn curiosity on their cryptocurrency holdings. Deposited property are saved in sensible contracts referred to as liquidity swimming pools, with rates of interest adjusted algorithmically based mostly on market provide and demand.
The Compound’s V3 protocol is appropriate with the Ethereum Digital Machine (EVM) and permits people to provide cryptocurrency property as collateral to borrow the bottom asset. Accounts may earn curiosity by supplying the bottom asset to the protocol. Compound V3 is deployed on Ethereum with USDC as the bottom asset.
OKX Launches OKX Easy Earn Fastened, Enabling Customers To Earn Earnings At Fastened Interval And Charge
OKX operates as a cryptocurrency change platform and gives a spread of supplementary merchandise, encompassing the OKX Pockets, decentralized change (DEX), non-fungible token (NFT) Market, and Web3 DeFi companies.
Lately, OKX change introduced the launch of its OKX Easy Earn Fastened product, which is now out there to all customers. This product helps a wide range of cryptocurrencies, together with USDT, USDC, BTC, and ETH.
Easy Earn Fastened features as a lending product that permits people to earn revenue at a set interval and charge. Curiosity accrues hourly upon profitable matching of a consumer’s lending order with borrowing demand from different customers, with the full curiosity paid out on the finish of the order interval.
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About The Creator
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
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Alisa Davidson
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Extra articles
