OKX is set to launch its Compound v3 (Ethereum) USDC On-Chain Yield Product on October 21, 2024, at 19:00 UTC+8, accompanied by exclusive reward incentives.
Reward Structure & Distribution
USDC Rewards:
- Users earn USDC rewards by depositing assets into the protocol.
- Rewards are distributed upon redemption of the principal.
COMP Rewards:
- COMP, Compound’s governance token, offers additional incentives.
- By supplying USDC liquidity to Compound v3’s lending pool, users earn daily COMP distributions to their funding accounts.
Bonus Rewards:
Starting October 22, 2024, at 11:00 UTC+8, users receive extra rewards for participating:
- Week 1: 439.65 COMP
- Weeks 2–3: 10,000 USDC each
- Rewards are proportionally distributed based on user deposits in the Compound v3 (Ethereum) pool.
👉 Maximize your yields with OKX’s Web3 Wallet integration
Key Features
- Daily COMP payouts for liquidity providers.
- Time-sensitive bonus rewards for early participants.
- Seamless integration with OKX’s Web3 Wallet.
FAQ
Q: How are USDC rewards calculated?
A: Rewards are based on deposit amounts and redeemed alongside principal withdrawals.
Q: When do COMP rewards distribute?
A: COMP tokens are credited daily to your funding account.
Q: Are bonus rewards limited?
A: Yes, bonus pools are capped (e.g., 10,000 USDC/week) and distributed proportionally.
Q: Can I use OKX’s Web3 Wallet for this product?
A: Absolutely! The rewards are shared with OKX Web3 Wallet users.
👉 Start earning with Compound v3 today
Disclaimer: This content is for informational purposes only and does not constitute financial advice.
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