Today, OKX Wallet and Reserve Protocol announced a partnership that will give users who stake Curve LP ETH+-WETH via Convex on OKX DeFi an additional 5% APR on top of their existing base APR. Participants in this offer will receive their basic and increased APR in the form of ETH+. The promotion runs from November 8 at 10:00 AM (UTC) to December 7 at 10:00 AM (UTC). Backed by Lido sETH and Rocketpool rETH, ETH+ is a safety-diversified ETH LST index.
To take advantage of the increased APR on the liquidity pool ‘Curve LP ETH+-WETH’, users only need to visit OKX DeFi, link their wallet or create a new one with OKX Wallet, search for ‘Curve LP ETH+-WETH’, and put their money into this liquidity pool. When the promotional period ends, users will be eligible to receive an increase in their ETH+ APR. It should be noted that participants who stake their LP tokens to Convex’s Curve LP ETH+-WETH liquidity pool via OKX DeFi will be eligible for a bonus pool of $20,000 worth of ETH+. More details, including terms and conditions, can be found here.
Streamlined DeFi experience
OKX Wallet is the world’s most powerful, secure and versatile crypto wallet, allowing users to access over 70 blockchains while maintaining control of their own money. The wallet includes MPC technology, which allows users to easily restore access to their wallet themselves, eliminating the need for traditional, ‘written down’ basic phrases. Additionally, OKX Wallet’s account abstraction-powered Smart Account allows users to use USDC or USDT to pay for transactions on different blockchains and conclude many contracts in a single transaction.
OKX DeFi is an advanced DeFi platform that allows you to earn and stake on 70+ protocols across 10+ chains. It is an all-in-one platform that can help users make the most of decentralized finance. Additionally, it acts as a central hub where users can easily manage investments across different DeFi protocols. With OKX DeFi, liquidity pools on sites like AAVE, Yearn, and Pancake are easy to navigate. The platform simplifies the process of DeFi as users can track their DeFi holdings on the DeFi platforms.
Reserve Protocol, on the other hand, is a decentralized protocol that allows anyone on the Ethereum network to generate stablecoins backed by a basket of different assets, while Convex is a revenue aggregator for Curve Finance, one of the largest decentralized exchanges in DeFi. With Reserve Protocol’s latest partnership with the OKX Wallet, both platforms aim to provide their users with a plethora of DeFi options, making DeFi more accessible and lucrative.