OKX, a leading cryptocurrency exchange and on-chain technology provider, has unveiled two significant updates to its platform:
Compound v3 on Ethereum Now Available via On-chain Earn
OKX has expanded its On-chain Earn product by integrating Compound v3 (Ethereum), enabling users to earn rewards by depositing USDC into the protocol. Key features include:
- Launch Details: Went live at 11:00 AM UTC on October 21, 2024.
Reward Structure:
- Week 1: 439.65 COMP tokens distributed proportionally based on deposit size.
- Weeks 2–3: 10,000 USDC rewards each week.
- Additional Perks: Participants receive supplementary COMP tokens and USDC rewards atop base annualized yields.
- User Benefits: No subscription limits, streamlined onboarding, and direct protocol-sourced yields.
👉 Explore On-chain Earn opportunities for passive income with top DeFi protocols.
Neiro (NEIRO) Debuts on OKX Spot Market
OKX has listed NEIRO/USDT, the first Neiro token on Ethereum, celebrated as Dogecoin’s "little brother" for its meme-centric appeal and ties to Kabosu (the iconic Doge dog). Trading commenced at 10:00 AM UTC, with deposits opening earlier at 7:00 AM UTC.
Why These Updates Matter
- Compound v3: Enhances DeFi accessibility with trusted lending protocols.
- Neiro Listing: Capitalizes on memecoin trends, offering community-driven assets.
FAQs
Q: How are rewards calculated for Compound v3 deposits?
A: Rewards are proportional to your USDC deposit relative to the total pool.
Q: Is Neiro (NEIRO) available for withdrawal immediately after listing?
A: Yes, withdrawals typically open shortly after trading begins.
Q: What makes On-chain Earn different from other staking products?
A: It eliminates subscription caps and directly interfaces with on-chain protocols for transparent yields.
About OKX
OKX is a global leader in crypto trading and blockchain solutions, renowned for:
- Institutional-grade security with monthly Proof of Reserves.
- Educational resources via OKX Learn, covering topics like Bitcoin and Ethereum market dynamics.
- Comprehensive products, including OKX Wallet and OKX Ventures.
👉 Visit OKX to explore these updates further.
Disclaimer: Crypto investments carry risks; always conduct independent research.