Compound
Compound is a leading lending protocol offering free USDT tokens to eligible participants through an program.
Steps
How to participate
- 01
Prepare an Ethereum wallet with prior Compound activity. Since this is a , that have previously supplied assets, borrowed, or voted in Compound governance on Ethereum are the strongest candidates. Check your wallet's history on Etherscan to confirm past Compound contract interactions.
- 02
Ensure (or another EVM-compatible wallet) is configured for Ethereum (Chain ID: 1). Compound V2 and V3 operate natively on Ethereum. Using the wrong network (e.g., Polygon or Arbitrum) will result in a failed connection to the claim portal.
- 03
Top up your with at least $10–20 worth of ETH to cover gas fees. Claiming USDT on Ethereum is a real on-chain transaction that requires ETH for gas. Without sufficient ETH, the transaction will fail — and you may still be charged a small for the failed attempt.
- 04
Navigate to the official Compound website at compound.finance and locate the claim announcement. Always type the URL directly into your browser or use a saved bookmark. Verify the HTTPS padlock and domain before proceeding — phishing sites with similar domain names (e.g., compound-finance.io, compound-claim.com) are common.
- 05
Cross-reference the claim link with the official @compoundfinance Twitter / X account. Official campaigns are announced through verified social channels. If you cannot find an announcement on the official account matching the claim portal URL, treat it as a potential scam and do not proceed.
- 06
Connect your eligible wallet to the official claim portal by clicking 'Connect Wallet'. Choose or WalletConnect. This initial connection is a read-only authorization — it does not move any funds. Nonetheless, only connect on legitimate sites.
- 07
Sign the eligibility verification message when prompted. The portal will ask you to sign a message (not a -costing transaction) to prove ownership. Read the message text carefully — it should be a simple ownership confirmation and should not request token approvals or spending permissions.
- 08
Complete any required social tasks if prompted. Some Compound promotional campaigns include social verification steps such as following the official Twitter account, joining the governance forum (comp.xyz), or connecting a Telegram account. Complete these on the official pages only.
- 09
If you are a new user with no prior Compound history, consider making a small supply deposit on Compound III (app.compound.finance) to establish on-chain eligibility for future campaigns. Supplying even $50–100 USDC to the USDC market generates interest and logs your as an active Compound participant.
- 10
Check the current Ethereum price before submitting the claim transaction. Use Blocknative or ETH Gas Station. Aim to claim when gas is below 30–40 Gwei — typically between 01:00 and 08:00 UTC on weekdays, or during weekends. This step directly affects your net reward after fees.
- 11
Click 'Claim USDT' and confirm the transaction in your . Review the transaction details: recipient should be the Compound claim contract, the amount should show 8 USDT, and the token contract should match the official USDT address (0xdAC17F958D2ee523a2206206994597C13D831ec7). Do not proceed if anything looks unexpected.
- 12
Wait for the transaction to confirm on Ethereum — typically 1–3 minutes under normal conditions. You can track the transaction hash on Etherscan. Once the status shows 'Success', the 8 USDT will be visible in your .
- 13
Add the USDT token to your wallet's token list if it does not appear automatically. In : click 'Import tokens', paste the contract address 0xdAC17F958D2ee523a2206206994597C13D831ec7, and the token should populate. Confirm your balance shows 8 USDT.
- 14
Do not attempt to claim from multiple on the same IP address or device session. Anti- checks on Compound campaigns cross-reference IP metadata, wallet age, and on-chain behavior patterns. Using the same connection for multiple wallets is a strong disqualification signal that can get all your wallets banned from the claim.
- 15
Record the transaction hash and date for tax purposes. In many jurisdictions, receiving USDT as an is a taxable income event at the fair market value on the date of receipt ($8 in this case). Tools like CoinTracker, TokenTax, or Koinly can automatically import your Compound transactions if you connect your address.
Project links
Where to cash out
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