SINGAPORE, June 27, 2024 (GLOBE NEWSWIRE) -- OKX, a leading Web3 technology company, has issued updates for June 27, 2024.
OKX Wallet Now Integrated with Burrow, a Decentralized, Non-Custodial and Pool-Based Interest Rates Platform on NEAR
OKX Wallet is now integrated with Burrow, a decentralized, non-custodial, pool-based interest rates platform that natively runs on the NEAR network and boasts a Total Value Locked (TVL) of around US$170 million.
This integration enables the OKX Web3 community to conveniently and seamlessly access Burrow's solutions - including lending and borrowing assets - via the OKX Wallet web extension.
Burrow runs natively on the NEAR blockchain, a Layer 1, proof-of-stake, sharded blockchain with a WebAssembly runtime. The Burrow protocol's smart contracts are written in Rust. Burrow aims to unlock liquidity for interest-bearing assets, particularly Layer 1 staking derivatives such as stNEAR and stETH.
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 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 and Olympian Scotty James.
OKX also regularly publishes articles, accessible via OKX Learn. These articles provide readers with in-depth analyses of all cryptocurrencies, including factors influencing Bitcoin prices and Ethereum prices.
To learn more about OKX, download our app or visit: okx.com