SINGAPORE, Nov. 04, 2023 (GLOBE NEWSWIRE) — OKX, a leading Web3 technology company, has issued updates for November 5, 2023.
OKX Wallet Users Can Now Access Prisma Finance, a Decentralized Borrowing Protocol
OKX Wallet is now integrated with Prisma Finance, a DeFi Project that aims to maximize the potential of Ethereum liquid staking tokens (LSTs). With this integration, OKX Wallet users can now access Prisma Finance via web extension and do the following:
• Mint: Users can choose their favorite LST, deposit it as collateral and mint their desired amount of mkUSD
￮ mkUSD is fully collateralized by liquid staking tokens. The stablecoin will be incentivized on Curve and Convex Finance to create a capital-efficient flywheel where users can receive trading fees, CRV, CVX and PRISMA – on top of their Ethereum staking rewards
• Earn: Users can take advantage of mkUSD’s yield opportunities via Curve and Convex pools or Prisma’s own stability pool
To access Prisma Finance, users simply need to:
1. Download the OKX Wallet web extension (available as a Chrome and Firefox browser add-on)
2. Create a new OKX Wallet or add an existing one
3. Connect their OKX Wallet to Prisma Finance via web extension
For more information, please visit the OKX Support Center.
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 70 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
Disclaimer
The information displayed is strictly for educational and informational purposes only. It does not constitute and shall not be considered as an offer, solicitation or recommendation, to deal in any products (including any NFT or otherwise), or as financial or investment advice. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com.
