DeFi
OKX DeFi will offer an enhanced APR of up to 3% to boost L2 depositors
SINGAPORE, May 9, 2024 /PRNewswire/ — OKXone of the leading cryptocurrency exchange and technology company Web3, has released updates for May 9, 2024.
OKX DeFi will offer an enhanced APR of up to 3% to boost L2 depositors
OKX Web3 has partnered with Liquid Resume Protocol (LRT) Swell to allow eligible users to deposit swETH, rswETH, and other supported assets in the Swell L2 pre-launch via OKX DeFi for the opportunity to receive rewards. OKX DeFi is a powerful DeFi platform that supports earning and staking on around 70 protocols across 10+ chains.
OKX DeFi users who deposit supported assets into Swell L2 Pre-Release will have the opportunity to receive various rewards, including an enhanced APR of up to 3% (on top of any base APR), a Swell L2 mainnet launch drop, bonus Swell L2 airdrops from projects in the ecosystem until June 8, 2024 at 10:00 a.m. AM (UTC). APR rewards will be distributed in the form of rswETH.
Swell is a non-custodial staking protocol whose mission is to deliver the world’s best liquidity staking and repossession experience, simplifying access to DeFi, while securing the future of Ethereum and repossession services.
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About OKX
A leading global technology company building the future of Web3, OKX offers 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 that gives users access to over 80 blockchains while allowing them to keep their own funds. The portfolio includes MPC technology allowing users to easily regain access to their wallet independently, eliminating the need for traditional “written” seed phrases. Additionally, the OKX Wallet account, powered by abstraction, Smart account allows users to pay for transactions across multiple blockchains using USDC or USDT and interact with multiple contracts through a single transaction.
- DEX: A multi-chain and cross-chain decentralized exchange aggregator of 300+ other DEXs and ~15 bridges, with 200,000+ coins and 20+ blockchains supported.
- NFT Marketplace: A no-fee multi-chain NFT marketplace that allows users to access NFT listings on seven leading marketplaces, including OpenSea, MagicEden, LooksRare, and Blur.
- Web3 DeFi: A powerful DeFi platform that supports earning and staking on around 70 protocols across 10+ chains.
OKX partners with a number of the world’s biggest brands and athletes, including English Premier League champions Manchester City FC, McLaren Formula 1, The Tribeca Festival, Olympian Scotty James and F1 driver Daniel Ricciardo.
As a leader in creating innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign titled: The system needs a rewritewhich advocates a new paradigm led by Web3 self-managed technology.
To learn more about OKX, download our app or visit: okx.com
SOURCE OKX