Introduction
We are excited to announce a strategic partnership between VaultCraft and AlphaGrowth, the esteemed organization currently leading business development for Compound Finance. This collaboration aims to enhance our DeFi ecosystem by distributing substantial rewards to selected Compound markets across Arbitrum and Optimism.
Reward Distribution Details
Arbitrum Network
AlphaGrowth has agreed to distribute 50,000 ARB tokens each to the following Compound markets on Arbitrum:
- USDC Market
- USDT Market
- WETH Market
Optimism Network
Additionally, AlphaGrowth will allocate 20,000 OP tokens to the USDC Compound market on Optimism.
OKX Integration
OKX will be integrating all Compound markets on OKX Web3. USDC on Arbitrum is currently live here: Earn the USDC interest on VaultCraft | DeFi Investment on Arbitrum One | OKX
Measurement of Success
The success of each Smart Vault will be primarily measured by the Total Value Locked (TVL). This metric will be the key indicator for continued rewards distribution. High TVL signifies trust and active participation from the community, which is crucial for the sustained success of the VaultCraft ecosystem.
Duration of Reward Distribution
The reward distribution is set to continue until the end of July. Based on the performance and success of each Smart Vault, as indicated by the TVL, AlphaGrowth may extend the distribution of rewards to the Compound Smart Vaults beyond this period.
Call to Action
We encourage all community members to actively participate in these Compound markets to maximize the benefits from this reward distribution. Your engagement is crucial to demonstrate the strength and potential of the VaultCraft community, ensuring continued support and incentives from AlphaGrowth.
Conclusion
This partnership with AlphaGrowth marks a significant milestone for VaultCraft, providing an opportunity to strengthen our DeFi offerings and enhance rewards for our users. We look forward to seeing the community engage with the Compound markets on Arbitrum and Optimism, driving the growth and success of VaultCraft.
Thank you for your continued support and participation.
VaultCraft Team
For any questions or further information, please join our community channels or contact our support team.