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The combination will help DeFi adoption and promote self-sovereignty on the Avalanche community
February 24, 2023 – OKX, the world’s main cryptocurrency alternate platform, has joined forces with Avalanche liquid staking answer Benqi in a collaboration that sees its native decentralized software discovery instrument, OKX Uncover, supporting Benqi, and Benqi integrating the OKX Pockets internet extension on its web site and product. The combination of the OKX Pockets, a number one self-custodial answer for digital property, by its internet extension on Benqi’s web site and product will allow customers to flawlessly enter the Web3 ecosystem through OKX Pockets.
With the partnership, Benqi customers also can entry the OKX Pockets with out leaving the Benqi web site, offering a extra handy expertise. Customers can use the OKX Pockets to realize entry to tokens, NFTs, and dApps in additional than 40 chains and roll-ups. As a self-custodial pockets product, OKX Pockets customers are accountable for their very own personal keys and crypto property.
Each companies search to advertise the non-custodial, trustless nature of Avalanche and DeFi. For crypto swap merchandise, OKX Pockets has built-in with OKX DEX, a swap aggregator, to attach with all liquidity from greater than 13 chains and supply free buying and selling for customers. In an effort to fulfill the market calls for for token switch throughout completely different chains, OKX DEX optimizes customers’ output by discovering the very best liquidity suppliers and the route that minimizes slippage and community charges.
About OKX
OKX is the second largest international crypto alternate by buying and selling quantity and a number one web3 ecosystem. Trusted by greater than 20 million international clients, OKX is thought for being the quickest and most dependable crypto buying and selling app for buyers {and professional} merchants in all places. Past OKX’s alternate, the OKX Pockets is the platform’s newest providing for folks trying to discover the world of NFTs and the metaverse whereas buying and selling GameFi and DeFi tokens together with entry to over 10,000 dApps.
About Benqi
Benqi, a decentralized finance (DeFi) protocol constructed on Avalanche, ranks among the many high 31 on Defillama with a TVL of $290 million. BENQI Liquidity Market (BLM) is a non-custodial liquidity market protocol that permits customers to lend, borrow, and earn curiosity with their digital property, whereas BENQI Liquid Staking (BLS) tokenizes staked AVAX, permitting customers to make the most of, swap, or collateralize the yield-bearing asset inside DeFi purposes.
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