Introduction
OKX introduces the Compound v3 (Arbitrum) USDC On-Chain Yield Product, a seamless solution for earning decentralized finance (DeFi) yields. This product simplifies on-chain interactions while delivering competitive annual percentage yield (APY) directly on-chain.
What Is Compound v3?
Compound v3 is an EVM-compatible protocol enabling users to:
- Supply crypto assets as collateral to borrow underlying assets.
- Earn interest by providing liquidity in base assets (e.g., USDC).
Key Features & Benefits
1. Transparent Yield Mechanisms
- Deposit Interest: Earn USDC interest, paid upon principal redemption.
- COMP Token Rewards: Receive governance tokens (COMP) as liquidity incentives, distributed weekly.
- ARB Token Rewards: Exclusive first-phase campaign with 100,000 ARB shared with OKX Web3 Wallet users (daily distributions until July 15).
2. Product Highlights
✅ No subscription limits
✅ Streamlined on-chain operations
✅ Real-chain APY (no centralized intermediaries)
How to Participate
Web:
- Navigate to Finance > Yield > On-Chain Yield.
- Search USDC, select Compound v3 (Arbitrum), and subscribe.
Mobile App:
- Go to Finance > Yield > On-Chain Yield.
- Search USDC, choose Compound v3 (Arbitrum), and proceed.
Risk Disclaimer
- DeFi protocols vary—review project mechanisms (e.g., redemption rules, APY, reward schedules) before subscribing.
- Fees apply; details are available on the product page.
- OKX facilitates yield distribution but is not liable for smart contract risks (e.g., exploits, project failures).
FAQs
Q1: How often are COMP rewards distributed?
A: COMP rewards are distributed every 7 days to your funding account.
Q2: Is there a deadline for ARB rewards?
A: Yes, the ARB campaign ends July 15; rewards are distributed daily.
Q3: Can I redeem my USDC anytime?
A: Yes, but check the protocol’s redemption cycle for potential delays.
OKX remains committed to delivering innovative products and exceptional service.
OKX Team
July 3, 2024
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