SINGAPORE, Feb. 13, 2024 (GLOBE NEWSWIRE) -- OKX, a leading Web3 technology company, has issued updates for February 13, 2024.
OKX Wallet now enables direct access to the Unilend Finance, the permissionless lending and borrowing platform for ERC20 tokens across multiple chains. The integration allows OKX Wallet users to seamlessly supply assets to Unilend's lending pools and borrow from available liquidity across Ethereum, Polygon, Binance Smart Chain and other chains in a decentralized manner.
Unilend uses a unique dual asset pool model that prevents assets in a specific lending pool from being impacted by price fluctuations in separate pools. This minimizes risk compared to single asset pool protocols. V2 upgrades also enable concentrated liquidations, debt NFTs and other features.
The integration makes Unilend's flexible, permissionless lending platform easily accessible to OKX Wallet users alongside existing DeFi protocol integrations. OKX Wallet continues expanding multi-chain DeFi access and usability.
For further information, please contact:
Media@okx.com
About OKX
A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:
- OKX Wallet: The world's most powerful, secure and versatile crypto wallet which gives users access to over 80 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, 'written down' seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.
- DEX: A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported.
- NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.
- Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.
OKX partners with a number of the world's top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.
As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.
To learn more about OKX, download our app or visit: okx.com
