{"id":20231,"date":"2024-07-12T10:25:15","date_gmt":"2024-07-12T10:25:15","guid":{"rendered":"https:\/\/allonlinebanglanewspapers.com\/news\/okx-extends-compound-bonus-campaign-with-a-200000-arb-token-prize-pool\/"},"modified":"2024-07-12T10:25:15","modified_gmt":"2024-07-12T10:25:15","slug":"okx-extends-compound-bonus-campaign-with-a-200000-arb-token-prize-pool","status":"publish","type":"post","link":"https:\/\/allonlinebanglanewspapers.com\/news\/okx-extends-compound-bonus-campaign-with-a-200000-arb-token-prize-pool\/","title":{"rendered":"OKX Extends \u2018Compound Bonus\u2019 Campaign with a 200,000 ARB Token Prize Pool"},"content":{"rendered":"
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SINGAPORE, July 12, 2024 (GLOBE NEWSWIRE) — OKX<\/a>, a leading Web3 technology company, has issued updates for July 12, 2024.<\/p>\n

OKX Extends \u2018Compound Bonus\u2019 Campaign with a 200,000 ARB Token Prize Pool<\/strong><\/p>\n

OKX<\/a> 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.<\/p>\n

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 \u2018Compound V3 USDT\u2019 and \u2018Compound V3 ETH\u2019 pools on the Arbitrum chain through the OKX DeFi<\/a> aggregator. More information on the campaign can be found here<\/a>.<\/p>\n

Compound<\/a>, 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.<\/p>\n

This campaign is part of an ongoing collaboration between Compound and Arbitrum. Arbitrum<\/a> is a popular Ethereum Layer 2 solution, making bridging in and out of it essential. Arbitrum uses a method called \u201coptimistic rollup,\u201d where smart contracts are executed off-chain and only the final output is posted to the Ethereum blockchain.<\/p>\n

For more information, please visit the OKX Support Center<\/a>.<\/p>\n

For further information, please contact:<\/strong><\/p>\n

Media@okx.com<\/a><\/p>\n

About OKX<\/strong><\/p>\n

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:<\/p>\n