SINGAPORE, July 12, 2024 (GLOBE NEWSWIRE) — OKX, a leading Web3 technology company, has issued updates for July 12, 2024.
OKX Extends ‘Compound Bonus’ Campaign with a 200,000 ARB Token Prize Pool
OKX today extended its ongoing ‘Compound Bonus’ Campaign with the addition of a 200,000 ARB prize pool. The ‘Compound Bonus’ campaign, launched earlier this month, is designed to reward OKX Web3 community members who engage with the Compound DeFi protocol by offering them the opportunity to claim a share of up to 200,000 ARB tokens.
Running from July 12 to July 26, eligible participants will have the opportunity to receive OP tokens in addition to any base Annual Percentage Rate (APR). Participants can earn these rewards by depositing their assets into the ‘Compound V3 USDT’ and ‘Compound V3 ETH’ pools on the Arbitrum chain through the OKX DeFi aggregator. More information on the campaign can be found here.
Compound, a permissionless DeFi lending protocol, allows lenders to accrue interest on their cryptocurrency holdings securely within smart contracts known as liquidity pools. The interest rates are algorithmically adjusted based on supply and demand dynamics, ensuring a fair and balanced system for all users.
This campaign is part of an ongoing collaboration between Compound and Arbitrum. Arbitrum is a popular Ethereum Layer 2 solution, making bridging in and out of it essential. Arbitrum uses a method called “optimistic rollup,” where smart contracts are executed off-chain and only the final output is posted to the Ethereum blockchain.
For more information, please visit the OKX Support Center.
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About OKX
A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:
- OKX Wallet: The world’s most powerful, secure and versatile crypto wallet which gives users access to over 85 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, ‘written down’ seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.
- DEX: A multi-chain, cross-chain decentralized exchange aggregator of 400+ other DEXs and approximately 20 bridges, with 200,000+ coins and more than 20 blockchains supported.
- NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.
- Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.
OKX partners with a number of the world’s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival and Olympian Scotty James.
OKX also regularly publishes articles, accessible via OKX Learn. These articles provide readers with in-depth analyses of all cryptocurrencies, including factors influencing Bitcoin prices and Ethereum prices.
To learn more about OKX, download our app or visit: okx.com
