May 9, 2024   SOURCE: PR NewsWire

Flash News: OKX DeFi to Offer an Enhanced APR of Up to 3% to Swell L2 Depositors

SINGAPORE, May 9, 2024 /PRNewswire/ -- OKX, a leading crypto exchange and Web3 technology company, has issued updates for May 9, 2024.

OKX DeFi to Offer an Enhanced APR of Up to 3% to Swell L2 Depositors

OKX Web3 has partnered with liquid restaking (LRT) protocol Swell to enable eligible users to deposit swETH, rswETH and other supported assets into the Swell L2's pre-launch through OKX DeFi for the opportunity to receive rewards. OKX DeFi is a powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.

OKX DeFi users who deposit supported assets into Swell's L2 pre-launch will have the opportunity to receive various rewards, including an enhanced APR of up to 3% (in addition to any base APR), a Swell L2 mainnet launch airdrop, bonus Swell L2 airdrops from ecosystem projects until June 8, 2024 at 10:00 AM (UTC). APR rewards will be distributed in the form of rswETH.

Swell is a non-custodial staking protocol with a mission to deliver the world's best liquid staking and restaking experience, simplify access to DeFi, while securing the future of Ethereum and restaking services.

To learn more, click here.

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 80 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
        300+ other DEXs and approximately 15 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, Olympian Scotty James, and F1 driver Daniel Ricciardo.

As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

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SOURCE OKX