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

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.