According to the official announcement, Ouyi will officially launch the Compound v3 (Ethereum) USDC on-chain coin earning product at 19:00 (UTC+8) on October 21, 2024, and launch additional reward activities.
General rewards and distribution rules:
USDC rewards: Users get USDC rewards by depositing underlying assets into the protocol, and the rewards will be issued together when the user redeems the principal.
COMP rewards: COMP is the governance token of the Compound protocol. By depositing USDC into the Compound v3 lending pool and providing liquidity, users can get additional COMP token rewards on top of the original USDC rewards. The rewards will be distributed to the user's fund account daily.
Additional rewards:
Starting from 11:00 (UTC+8) on October 22, 2024, you can get additional rewards by applying for USDC through the on-chain coin earning Compound v3 (Ethereum). The total reward amount is distributed as follows:
Week 1 439.65 COMP
Week 2 10,000 USDC
Week 3 10,000 USDC
This additional reward will be shared with the OUY Web3 wallet. The total reward is evenly distributed on a daily basis during the above period, and the specific distribution amount will be based on each user's deposit in the total deposit pool of Compound v3 (Ethereum).