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DeFi Lending Agreement Goldlink Launches Arbitrum Rewards Program, Will Distribute 75,000 ARBs to GMX Pool Lenders

DeFi Lending Agreement Goldlink Launches Arbitrum Rewards Program, Will Distribute 75,000 ARBs to GMX Pool Lenders

Bitget2024/06/29 14:07

June 29 (Bloomberg) -- DeFi lending protocol Goldlink has launched its Arbitrum rewards program, which is backed by the GMX grant program, the company said on the X platform. Starting June 30, Goldlink will distribute 75,000 ARBs to lenders in its GMX funding rate farming pool, raising the APY to 20%. Rewards will be distributed weekly, with the total weekly distribution amount determined by the lending pool TVL cap.

In August news last year , DeFi lending agreement GoldLink Finance closed a $1.4 million funding round led by Polychain Capital.

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