VICTORIA, Seychelles, Oct. 22, 2024 (GLOBE NEWSWIRE) -- OKX, a leading crypto exchange and global onchain technology company, has issued updates for October 22, 2024.
OKX Adds Compound v3 on Ethereum to On-chain Earn Product, Lists First Neiro on Ethereum
OKX today announced two major updates:
- OKX has introduced Compound v3 (on Ethereum) to its On-chain Earn product. This new offering, which became available from 11:00 AM (UTC) on October 21, provides eligible customers with a hassle-free way to receive on-chain rewards by depositing USDC into the Compound v3 protocol via On-chain Earn.
- OKX is offering those who subscribe to the new offering with extra COMP tokens and USDC rewards - in addition to any base annualized earnings.
- The total rewards include 439.65 COMP tokens for week one, and 10,000 USDC each for weeks two and three. These rewards will be distributed based on the proportion of each customer's deposit to the total pool of deposits in Compound v3 (Ethereum).
- OKX's On-chain Earn product presents a curated selection of staking and DeFi protocols for on-chain rewards. The product features benefits such as no subscription limits, a simplified process and annualized rewards directly from the on-chain protocol.
- OKX is offering those who subscribe to the new offering with extra COMP tokens and USDC rewards - in addition to any base annualized earnings.
- NEIRO/USDT is now trading on OKX's spot market. Deposits were enabled at 7:00 AM (UTC) today, while the spot pair began trading at 10:00 AM (UTC).
- First Neiro on Ethereum (NEIRO) is known as Dogecoin's "little brother" and combines elements of humor and community into the crypto ecosystem. It has a strong emotional value in the memecoin space due to its connection with Kabosu, the dog behind the Doge meme.
To learn more, visit OKX's Support Center.
For further information, please contact:
Media@okx.com
About OKX
OKX is a technology company with a mission to organize the world's blockchains and make them more accessible and useful.
We want to create a future that makes our world more efficient, transparent and connected.
OKX began as a crypto exchange giving millions of people access to trading and over time became among the largest platforms in the world. In recent years, we have developed one of the most connected onchain wallets used by millions to access decentralized applications (dApps).
OKX is trusted by hundreds of large institutions seeking access to crypto markets on a reliable platform that seamlessly connects with global banking and payments.
OKX is committed to transparency and security, and publishes its Proof of Reserves monthly to build trust. OKX also regularly publishes educational articles, accessible via OKX Learn. These articles provide readers with in-depth analyses of all cryptocurrencies, including factors influencing Bitcoin prices and Ethereum prices.
Our most well-known products include: OKX Exchange, OKX Wallet, OKX Explorer, OKX OS, OKX Ventures and OKX Institutional. To learn more about OKX, download our app or visit: okx.com
