{"id":82403,"date":"2024-07-12T01:04:05","date_gmt":"2024-07-12T01:04:05","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/okx-extends-compound-bonus-campaign-with-a-40000-op-prize-pool\/"},"modified":"2024-07-12T01:04:05","modified_gmt":"2024-07-12T01:04:05","slug":"okx-extends-compound-bonus-campaign-with-a-40000-op-prize-pool","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/okx-extends-compound-bonus-campaign-with-a-40000-op-prize-pool\/","title":{"rendered":"OKX Extends \u2018Compound Bonus\u2019 Campaign with a 40,000 OP Prize Pool"},"content":{"rendered":"
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SINGAPORE, July 11, 2024 (GLOBE NEWSWIRE) — OKX<\/a>, a leading Web3 technology company, has issued updates for July 11, 2024.<\/p>\n

OKX Extends \u2018Compound Bonus\u2019 Campaign with a 40,000 OP Prize Pool<\/strong>
OKX<\/a> 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.<\/p>\n

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 \u2018Compound V3 USDC\u2019 and \u2018Compound V3 USDT\u2019 pools on the Optimism 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 a collaborative effort between Compound and the Optimism Foundation<\/a>. Optimism<\/a> 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.<\/p>\n

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

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