OKX is thrilled to announce the launch of the Compound V3 (Arbitrum) USDC On-Chain Yield Product on July 3, 2024, at 18:00 (UTC+8). This innovative product simplifies decentralized finance (DeFi) interactions, enabling users to earn real-chain annualized yields with ease.
What Is Compound V3?
Compound V3 is an EVM-compatible protocol that lets users:
- Supply crypto assets as collateral to borrow underlying assets.
- Earn interest by providing liquidity in base assets like USDC.
👉 Discover how to maximize your DeFi yields with Compound V3
Key Features & Rewards
1. Deposit Interest
- Earn USDC interest by depositing into the protocol.
- Interest is distributed upon principal redemption.
2. COMP Token Rewards
- COMP (Compound’s governance token) rewards are distributed weekly to liquidity providers.
3. ARB Token Bonus (Limited-Time)
- A 100,000 ARB pool is shared with OKX Web3 Wallet users until July 15.
- Rewards are credited daily to eligible accounts.
Product Highlights:
✅ No subscription limits
✅ Simplified on-chain process
✅ Transparent annualized returns
How to Participate
Web:
- Navigate to Finance > Earn > On-Chain Earn.
- Search for USDC and select Compound V3 (Arbitrum).
Mobile App:
- Go to Finance > Earn > On-Chain Earn.
- Search USDC and choose Compound V3 (Arbitrum).
👉 Start earning with Compound V3 today
FAQs
Q1: When are rewards distributed?
- COMP: Every 7 days.
- ARB: Daily until July 15.
Q2: Is there a minimum deposit?
- No, but redemption rules vary by protocol.
Q3: What risks should I consider?
- DeFi risks include smart contract vulnerabilities and market volatility. Always review project mechanisms before investing.
Disclaimer
- Understand the protocol: Review redemption rules, APY, and reward schedules.
- Fees apply: OKX charges a service fee (details on the product page).
- No liability: OKX facilitates distribution but isn’t liable for protocol risks (e.g., hacks, rug pulls).
OKX is committed to delivering cutting-edge DeFi solutions. Happy earning!
OKX Team
July 3, 2024