SINGAPORE, Aug. 12, 2024 (GLOBE NEWSWIRE) — OKX, a leading Web3 technology company, has issued updates for August 12, 2024.
OKX Wallet Now Integrated with GLIF
OKX Wallet is now integrated with GLIF, the foundational DeFi primitive of Filecoin. This integration allows OKX Wallet users to seamlessly interact with GLIF’s lending platform directly from their wallet interface.
GLIF enables Filecoin token holders to earn sustainable rewards on their FIL by lending it to a diverse pool of Filecoin Miners, also known as Storage Providers. It solves a major capital inefficiency on the Filecoin network, similar to liquid staking solutions for PoS networks.
This integration opens up new opportunities for OKX Wallet users to participate in the Filecoin ecosystem. Users can now easily lend their FIL tokens through GLIF, potentially earning rewards while contributing to the growth and security of the Filecoin network. Additionally, this collaboration enhances the utility of OKX Wallet, providing users with direct access to Filecoin’s most popular DeFi protocol.
To learn more, visit OKX’s Support Center.
For further information, please contact:
Media@okx.com
About OKX
OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX offers a secure and trustworthy platform that provides responsible crypto traders with innovative tools to access the world of crypto.
As a global brand and top partner of Manchester City FC and McLaren Racing, OKX uses Web3 technology to redefine how fans connect with their favorite teams. Recent examples include its Unseen City Shirts and Race Rewind digital collectible campaigns, which offer fans real-world benefits like exclusive match-day and trackside experiences. As the Presenting Partner of Tribeca Festival, OKX also empowers artists and creators through Web3.
In line with its “on-chain, any chain” philosophy, OKX contributes to the growth of the Web3 ecosystem via its secure, interoperable and self-custody enabled OKX Wallet. OKX Wallet is a user-friendly gateway to the on-chain world, connecting to over 100 blockchains, 10,000 dApps, 170+ DeFi protocols, 500,000 tokens and nearly 500 decentralized exchanges (DEXs).
OKX is committed to transparency and security, and publishes its Proof of Reserves monthly to build trust. It is also dedicated to expanding its educational resources through OKX Learn, making digital assets accessible and understandable for a broader audience.
To learn more about OKX, download our app or visit: okx.com
Disclaimer
This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless.
