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The integration will aid DeFi adoption and advertise self-sovereignty on the Avalanche network
February 24, 2023 – OKX, the world’s leading cryptocurrency exchange platform, has joined forces with Avalanche liquid staking alternative Benqi in a collaboration that sees its indigenous decentralized application discovery software, OKX Discover, supporting Benqi, and Benqi integrating the OKX Wallet web extension on its web site and product or service. The integration of the OKX Wallet, a main self-custodial answer for digital property, as a result of its internet extension on Benqi’s web-site and products will help users to flawlessly enter the World wide web3 ecosystem by way of OKX Wallet.
With the partnership, Benqi consumers can also entry the OKX Wallet with no leaving the Benqi internet site, providing a extra practical working experience. End users can use the OKX Wallet to get obtain to tokens, NFTs, and dApps in additional than 40 chains and roll-ups. As a self-custodial wallet solution, OKX Wallet customers are in cost of their own personal keys and crypto assets.
Each corporations seek out to endorse the non-custodial, trustless nature of Avalanche and DeFi. For crypto swap goods, OKX Wallet has integrated with OKX DEX, a swap aggregator, to link with all liquidity from more than 13 chains and present free trading for buyers. In order to fulfill the market place demands for token transfer throughout various chains, OKX DEX optimizes users’ output by finding the best liquidity providers and the route that minimizes slippage and network costs.
About OKX
OKX is the 2nd most important international crypto exchange by buying and selling volume and a top web3 ecosystem. Reliable by more than 20 million international shoppers, OKX is recognized for getting the speediest and most responsible crypto investing application for buyers and experienced traders everywhere you go. Over and above OKX’s trade, the OKX Wallet is the platform’s most recent featuring for folks on the lookout to investigate the environment of NFTs and the metaverse even though buying and selling GameFi and DeFi tokens alongside with access to over 10,000 dApps.
About Benqi
Benqi, a decentralized finance (DeFi) protocol created on Avalanche, ranks between the leading 31 on Defillama with a TVL of $290 million. BENQI Liquidity Market place (BLM) is a non-custodial liquidity current market protocol that permits end users to lend, borrow, and get paid curiosity with their electronic property, when BENQI Liquid Staking (BLS) tokenizes staked AVAX, allowing for end users to make the most of, swap, or collateralize the produce-bearing asset within just DeFi purposes.
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