SINGAPORE, Dec. 19, 2023 (GLOBE NEWSWIRE) -- OKX, a leading Web3 technology company, has issued updates for December 19, 2023.
OKX Wallet now integrated with River, a Decentralized Money Market Protocol
OKX Wallet now supports River Protocol, a fork of Compound V2 with additional functionality to support both permissionless stablecoins and low volatility risk-free real world assets such as permissioned tokenized US Treasury Bills. Similar to Compound, River enables overcollateralized lending and borrowing in a peer-to-pool model. Lenders can earn interest on their stablecoins by supplying them to the protocol. Borrowers can borrow stablecoins against deposited collateral.
To access River DeFi, 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 River DeFi via web extension
Users can also access River DeFi via OKX Wallet's Discover platform, which gathers over 5,500+ DApps, DEXs, blockchain games, NFTs and supplementary tools.
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 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
