VaultCraft is now on OKX Web3

Compound Smart Vaults with up to 1M in Rewards are live

Mischa0X

Follow

Published in

VaultCraft

3 min readJul 11, 2024

--

https://www.okx.com/web3/defi/detail/28400#source=homepagelist

Today marks a monumental milestone in our journey as we proudly announce our integration with OKX Web3. OKX is one of the world’s leading cryptocurrency exchanges, with an impressive user base exceeding 50 million and a daily trading volume that consistently ranks among the highest globally. This integration not only amplifies our reach and accessibility but also aligns us with a powerhouse that is synonymous with innovation, security, and market leadership. Join us as we embark on this exciting new chapter, unlocking unprecedented opportunities for our community and beyond.

Compound Markets on OKX Web3

The first Smart Vault listed is the USDC money market on Compound on Arbitrum. The vault compounds interest earned on loaned USDC to borrowers using the Compound V3 USDC money market. COMP rewards are also farmed, compounded, and redeposited back into the strategy.

Upcoming money markets we have planned include USDT and WETH on Arbitrum, as well as USDC on Optimism.

These Compound markets are already listed on app.vaultcraft.io/vaults and are currently distributing ARB, OP, and oVCX rewards. For more information on how to farm oVCX and bridge rewards, please read: https://medium.com/vaultcraft/farm-ovcx-on-arbitrum-optimism-26713de659b0

Audits have been completed by Paladin, BlockSec, C4 (with over 200 White Hats reviewing our code), 0xruhum, and Gjaldon. Audit reports can be found here: https://docs.vaultcraft.io/security/audits

Where do you claim ARB, OP, and oVCX Rewards?

To claim your rewards, you will need to go to the VaultCraft dApp. To claim ARB or OP, you will need to click “Claim Rewards” with the same wallet you used to deposit into OKX. To claim oVCX| click “Claim oVCX.”

Below you will find each Smart Vault’s page url and on-chain information about each Smart Vault as of July 11, 2024. All APY’s are variable and will be adjusted in real-time.