OKX has introduced its third-phase Compound v3 (Arbitrum) USDT on-chain earn product, offering users simplified DeFi participation and additional ARB token rewards. This initiative combines Compound's lending protocol with Arbitrum's Layer-2 efficiency to deliver competitive annualized yields.
Product Overview
The Compound v3 (Arbitrum)-USDT earn product features:
- 10,000 ARB bonus pool shared with OKX Web3 Wallet users until July 26
- Three-tier reward system (deposit bonuses, COMP tokens, and daily ARB distributions)
- True on-chain APY with transparent mechanisms
- No subscription limits for flexible participation
Key Benefits
- Streamlined On-Chain Operations
Reduces technical barriers to DeFi participation while maintaining blockchain transparency. Multi-Token Rewards
Earn through:- Base deposit rewards (paid upon redemption)
- COMP governance tokens (distributed every 8 days)
- Daily ARB token distributions
- Arbitrum Network Efficiency
Leverages Layer-2 scaling for faster transactions and lower gas fees compared to Ethereum mainnet.
Participation Guide
To join the program:
- Log in to your OKX account
- Navigate to the Earn section
- Search for "USDT" and select "Compound v3 (Arbitrum)"
- Review terms and confirm your subscription
👉 Start earning with Compound v3 today
Reward Structure
| Reward Type | Distribution Frequency | Requirements |
|---|---|---|
| Deposit Bonus | Upon redemption | USDT deposits |
| COMP Tokens | Every 8 days | Governance-approved pools |
| ARB Tokens | Daily | Active participation |
FAQs
Q: When does the ARB reward program end?
A: The current phase runs until July 26, 2024, with daily ARB distributions.
Q: How are COMP tokens earned?
A: COMP serves as Compound's governance token, distributed to users in approved lending pools every 8 days.
Q: Is there a minimum deposit amount?
A: The product has no subscription limits, but check for network-specific gas requirements.
Q: What makes this different from traditional savings products?
A: This is a true DeFi product where rewards are generated through on-chain lending mechanisms rather than centralized financing.
Risk Considerations
- Protocol Understanding
Users should review all mechanism details including redemption rules, reward timing, and estimated APY before participating. - Fee Structure
OKX charges service fees - review the product page for specific rates. - DeFi Risks
As with all decentralized protocols, potential risks include smart contract vulnerabilities, hacking incidents, or project failures. OKX provides platform services but doesn't guarantee against such risks.
👉 Explore more DeFi opportunities on OKX
This program represents OKX's commitment to bridging traditional users with decentralized finance through user-friendly products and attractive reward structures.