OKX Wallet Now Integrated with Burrow, a Decentralized, Non-Custodial and Pool-Based Interest Rates Platform on NEAR

/EIN News/ -- 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 Wallet: The world's most powerful, secure and versatile crypto wallet which gives users access to over 85 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 400+ other DEXs and approximately 20 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 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

Disclaimer