OKX Wallet Now Integrated with Burrow, a Decentralized, Non-Custodial and Pool-Based Interest Rates Platform on NEAR
June 27 2024 - 3:20AM
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
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