Goldlink: The Arbitrum reward program has been launched, distributing 75,000 ARB to GMX pool lenders.

ChainCatcher news, the DeFi lending protocol Goldlink announced on social media that it has launched the Arbitrum reward program, which is supported by the decentralized derivatives protocol GMX's grant program. Starting from June 30, the team will distribute 75,000 ARB to lenders in its GMX funding rate farming pool and increase the APY to 20%. Rewards will be distributed weekly, with the total amount distributed each week determined by the lending pool's TVL cap.

According to the Web3 asset data platform RootData, GoldLink completed a $1.4 million Pre-Seed round of financing in August 2023, led by Polychain Capital.