OKX Extends ‘Compound Bonus’ Campaign with a 40,000 OP Prize Pool
July 11 2024 - 9:00PM
OKX, a leading Web3 technology company, has issued updates for July
11, 2024.
OKX Extends ‘Compound Bonus’ Campaign with a 40,000 OP
Prize Pool OKX today enhanced its ongoing 'Compound Bonus'
Campaign with the addition of a 40,000 OP 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 token
prize pools.
Running from July 11 to July 25, 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 USDC’ and ‘Compound
V3 USDT’ pools on the Optimism 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 a collaborative effort between Compound and the
Optimism Foundation. Optimism is a Layer 2 solution built on top of
the Ethereum blockchain, addressing two main concerns for Ethereum
users: high transaction fees and occasional delays in transaction
processing times.
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
Disclaimer