DeFi
OKX DeFi Platform Now Offers ETH Rebalancing for Enhanced Yield Opportunities
SINGAPORE, February 20, 2024 /PRNewswire/ — OKXone of the leading Web3 technology companies, has released updates for February 20, 2024.
OKX DeFi Platform Now Offers ETH Rebalancing for Enhanced Yield Opportunities
OKX announced today that the ETH refresh is now available on its Web3 DeFi platform. ETH restaking allows staked Ethereum to be used as a security measure for other protocols beyond Ethereum, in exchange for fees and potential rewards. This mechanism leverages staked ETH at the consensus layer, with the aim of extending the utility and improving the security of Ethereum’s staking infrastructure.
Through reinvestment, users can diversify their rewards and have the opportunity to benefit from enhanced returns on their ETH assets across multiple protocols such as Renzo, EigenLayer, and Puffer Finance.
The introduction of ETH restaking provides a more diverse and potentially more profitable staking experience for OKX DeFi users, allowing them to unlock the full potential of their ETH.
With over 3,000 staking products across 18+ chains, OKX DeFi offers users a wide range of opportunities to take advantage of enhanced APRs.
Note: Not all products are available in all regions.
For more information, please visit OKX Support Center.
For more information, please contact:
[email protected]
About OKX
A leading global technology company building the future of Web3, OKX offers a comprehensive suite of products to meet the needs of beginners and experts alike, including:
- OKX Wallet: The world’s most powerful and versatile crypto wallet that gives users access to over 80 blockchains while allowing them to keep their own funds. The portfolio includes MPC technology allowing users to easily regain access to their wallet independently, eliminating the need for traditional “written” seed phrases. Additionally, the OKX Wallet account, powered by abstraction, Smart account allows users to pay for transactions across multiple blockchains using USDC or USDT and interact with multiple contracts through a single transaction.
- DEX: A multi-chain and cross-chain decentralized exchange aggregator of 300+ other DEXs and ~15 bridges, with 200,000+ coins and 20+ blockchains supported.
- NFT Marketplace: A no-fee multi-chain NFT marketplace that allows users to access NFT listings on seven leading marketplaces, including OpenSea, MagicEden, LooksRare, and Blur.
- Web3 DeFi: A powerful DeFi platform that supports earning and staking on around 70 protocols across 10+ chains.
OKX partners with a number of the world’s biggest brands and athletes, including English Premier League champions Manchester City FC, McLaren Formula 1, The Tribeca Festival, Olympian Scotty James and F1 driver Daniel Ricciardo.
As a leader in creating innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign titled: The system needs a rewritewhich advocates a new paradigm led by Web3 self-managed technology.
To learn more about OKX, download our app or visit: okx.com
SOURCE OKX