Cointime

Cointime

Download App
iOS & Android

Lido and OKX Wallet Forge Partnership to Enhance Liquid Staking Experience

Cointime Official

Leading liquid staking provider Lido has announced a groundbreaking collaboration with OKX Wallet, an all-encompassing crypto wallet designed for multiple platforms. The partnership will facilitate seamless integration of Lido's liquid staking protocols with OKX Wallet's web3 product suite, creating a comprehensive and user-friendly staking experience for digital asset holders.

OKX Wallet has already integrated support for Lido in its Discover product, allowing users to access Lido's DApp through the Discover section of the wallet. In addition, Lido has successfully integrated OKX Wallet's web extension on their website, further streamlining the user experience.

As part of this partnership, OKX Earn has also aggregated Lido, enabling users to stake their crypto assets and earn rewards through the OKX Wallet. This integration offers users a simple and secure way to maximize returns on their digital tokens while maintaining liquidity and access to various DeFi applications.

Lido is recognized as the top-ranking liquid staking solution, offering a user-friendly and secure platform for staking digital tokens in supported Proof-of-Stake networks. With Lido, users can stake their tokens while retaining liquidity, enabling them to leverage collateral, lending, farming, and other DeFi protocols to generate additional rewards. The platform currently supports Ethereum and several other PoS networks.

OKX Wallet is a self-custodial, decentralized wallet that grants users easy access to the vast web3 ecosystem, including tokens and dApps across more than 60 chains and roll-ups. The wallet supports both EVM and non-EVM chains, providing users with a seamless experience interacting with dApps across various networks.

Together, Lido and OKX Wallet aim to revolutionize the staking experience, offering users the best of both worlds: the opportunity to earn rewards through liquid staking and the freedom to use staked tokens in other DeFi projects. This partnership is a significant step forward for the web3 ecosystem, as it unlocks the full potential of decentralized finance and democratizes access to staking opportunities for a wider range of users.

The integration of Lido's liquid staking protocols into OKX Wallet's web3 product suite underscores the commitment of both companies to empower digital asset holders and enrich the DeFi landscape. By simplifying the staking process and offering cross-chain support, users can now effortlessly participate in various staking networks and maximize their earnings while mitigating risks associated with traditional staking methods.

As DeFi continues to evolve and mature, this collaboration between Lido and OKX Wallet is poised to set a new standard for user experience and innovation in the space. By combining the strengths of Lido's liquid staking protocols with OKX Wallet's comprehensive crypto wallet and web3 product suite, the partnership paves the way for a more inclusive, flexible, and lucrative staking landscape that caters to the needs of diverse users.

OKB OKB $53.41
-0.55%
Web3 Staking DeFi
Comments

All Comments

Recommended for you

  • OpenTrade announces $4 million seed extension round led by AlbionVC

    OpenTrade has announced the completion of a $4 million seed extension financing round to build RWA-supported loan and stablecoin yield products. This round of financing was led by AlbionVC, with participation from a16z Crypto and CMCC Global. OpenTrade plans to use the funds to expand its operations and enhance its product capabilities.

  • BNB Chain Ecosystem Re-staking Infrastructure Kernel Receives Investment from Binance Labs

    BNB Chain's ecological re-staking infrastructure Kernel has announced that it has received investment from Binance Labs. As of now, its total financing amount has reached 10 million US dollars, with main investors including: SCB Limited, Laser Digital, Bankless Ventures, Hypersphere, Draper Dragon, DACM, CYPHER, ArkStream Capital, HTX Ventures, Avid VC, GSR, Cluster Capital, Longhash Ventures, Via BTC, Side Door Ventures, NOIA, and DWF Labs. It is reported that Kernel's mainnet is about to be launched. Kelp provides users with support for Ethereum liquidity re-staking services based on rsETH, while Gain provides DeFi, CeDeFi, and RWA income products. KERNEL tokens are designed to unify the governance and incentive mechanisms of Kelp, Kernel, and Gain, while providing rewards for early supporters of ecosystem development.

  • Morgan Stanley: The U.S. dollar will peak before the end of the year and enter a "bear market pattern" in 2025

    Morgan Stanley predicts that the strong US dollar will peak before the end of the year and then enter a "bearish market trend", slowly declining until 2025. The bank believes that due to the Bank of Japan's rate hikes and gradual easing actions by the Reserve Bank of Australia, the potential for the yen and Australian dollar to rise next year is the greatest.

  • Equation News calls out Binance for "insider trading": You are destroying the sentiment of the trading market

    On November 25th, Formula News reported that to those insider traders who participated in the listing of Binance perpetual contracts, please slow down when selling your chips next time. The WHY and CHEEMS crashes you caused resulted in a 100% negative return for everyone involved in the trade, and you are destroying the emotions of the trade. Earlier today, Binance announced the listing of 1000WHYUSDT and 1000CHEEMSUSDT perpetual contracts, which caused a short-term crash in WHY and CHEEMS and sparked intense discussion within the community.

  • U.S. Congressman Mike Flood: Looking forward to working with the next SEC Chairman to revoke the anti-crypto banking policy SAB 121

     US House of Representatives will investigate Representative Mike Flood's recent statement: "Despite widespread opposition, SAB 121 is still operating as a regulation, even though it has never gone through the normal Administrative Procedure Act process." Flood said, "I look forward to working with the next SEC chairman to revoke SAB 121. Whether Chairman Gary Gensler resigns on his own or President Trump fulfills his promise to dismiss Gensler, the new government has an excellent opportunity to usher in a new era after Gensler's departure." He added, "It's not surprising that Gensler opposed the digital asset regulatory framework passed by the House on a bipartisan basis earlier this year. 71 Democrats and House Republicans passed this common-sense framework together. Although the Democratic-led Senate rejected it, it represented a breakthrough moment for cryptocurrency and may provide information for the work of the unified Republican government when the next Congress begins in January next year."

  • Indian billionaire Adani summoned by US SEC to explain position on bribery case

    Indian billionaire Gautam Adani and his nephew, Sahil Adani, have been subpoenaed by the US Securities and Exchange Commission (SEC) to explain allegations of paying over $250 million in bribes to win solar power contracts. According to the Press Trust of India (PTI), the subpoena has been delivered to the Adani family's residence in Ahmedabad, a city in western India, and they have been given 21 days to respond. The notice, issued on November 21 by the Eastern District Court of New York, states that if the Adani family fails to respond on time, a default judgment will be made against them.

  • U.S. Congressman: SEC Commissioner Hester Peirce may become the new acting chairman of the SEC

    US Congressman French Hill revealed at the North American Blockchain Summit (NABS) that Republican SEC Commissioner Hester Peirce is "likely" to become the new acting chair of the US Securities and Exchange Commission (SEC). He noted that current chair Gary Gensler will step down on January 20, 2025, and the Republican Party will take over the SEC, with Peirce expected to succeed him.

  • Tether spokesperson: The relationship with Cantor is purely business, and the claim that Lutnick influenced regulatory actions is pure nonsense

     a spokesperson for Tether stated: "The relationship between Tether and Cantor Fitzgerald is purely a business relationship based on managing reserves. Claims that Howard Lutnick's joining the transition team in some way implies an influence on regulatory actions are baseless."

  • Bitwise CEO warns that ETHW is not suitable for all investors and has high risks and high volatility

    Hunter Horsley, CEO of Bitwise, posted on X platform that he was happy to see capital inflows into Bitwise's Ethereum exchange-traded fund ETHW, iShares, and Fidelity this Friday. He reminded that ETHW is not a registered investment company under the U.S. Investment Company Act of 1940 and therefore is not protected by the law. ETHW is not suitable for all investors due to its high risk and volatility.

  • Web3 data and AI company Validation Cloud completes $10 million in new round of financing

     Web3 data and AI company Validation Cloud announced a $10 million financing round from True Global Ventures. The company plans to use the funds to expand its AI products and achieve seamless access to Web3 data.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company