UPDATE — OKX Launches ‘Compound Bonus’ Campaign Featuring a 100,000 ARB Token Prize Pool
SINGAPORE, July 01, 2024 (GLOBE NEWSWIRE) — OKX, a leading Web3 technology company, has issued updates for July 1, 2024.
OKX Launches ‘Compound Bonus’ Featuring a 100,000 ARB Token Prize Pool
OKX today announced the launch of its ‘Compound Bonus’ campaign. This campaign is designed to reward OKX Web3 community members who engage with the Compound DeFi protocol, providing them with the chance to claim a share of up to 100,000 ARB tokens.
Running from July 1 to July 15, the campaign gives eligible participants the opportunity to receive ARB tokens, in addition to any base APR, by depositing their assets into the ‘Compound V3 USDC pool’ on the Arbitrum One chain through the OKX DeFi aggregator. More information about the campaign can be found here.
Compound, a permissionless DeFi lending protocol, provides lenders with the opportunity to accrue interest on their cryptocurrency holdings. Deposited assets are secure within smart contracts, known as liquidity pools, and interest rates are algorithmically adjusted according to supply and demand dynamics.
For more information, please visit the OKX Support Center.
For further information, please contact:
Media@okx.com
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
