Breaking news: OKEx Wallet and Reserve Protocol have joined forces, providing users with an APR increase of up to 5% on staked ETH and ETH+.
Thank you for reading this post, don't forget to subscribe!SINGAPORE, Nov. 08, 2023 (GLOBE NEWSWIRE) – On November 8, 2023, OKEx, the foremost Web3 technology company, announced a new update.
The partnership between OKEx Wallet and Reserve Protocol now grants users an APR increase of up to 5% on staked ETH and ETH+.
OKEx Wallet has teamed up with Reserve Protocol today to offer users staking Curve LP ETH+-WETH via Convex on OKEx DeFi with an APR boost of up to 5% on top of any base APR.
Participants in this promotion, running from November 8 at 10:00 (UTC) until December 7 at 10:00 (UTC), will receive their base and additional APR in the form of ETH+. ETH+ is a security-first diversified ETH LST index, powered by Lido stETH and Rocketpool rETH.
To benefit from an enhanced APR on the ‘Curve LP ETH+-WETH’ liquidity pool, users simply need to:
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Connect their wallet or create a new wallet through OKX Wallet
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Visit OKX DeFi
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Search ‘Curve LP ETH+-WETH’ and stake your funds in this liquidity pool
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After the promotion period ends, users will be eligible to receive an increase in their ETH+ APR
PLEASE NOTE: A bonus pool of US$20,000 worth of ETH+ has been allocated to reward participants staking their LP tokens on Convex.
Curve LP ETH+-WETH
Liquidity Pool – via OKX DeFi. More information including terms and conditions can be found here
Here
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OKX DeFi is a potent DeFi platform supporting earning and staking on nearly 70 protocols across more than 10 chains.
Reserve Protocol is a decentralized protocol enabling the creation of stable coins backed by a basket of other assets on the Ethereum network, while Convex is a yield aggregator for Curve Finance, one of the largest decentralized exchanges in DeFi.
For further information, please visit the OKX Help Center.
For additional information, please contact:
About OKEx
A leading global technology company steering the future of Web3, OKX offers a comprehensive array of products to meet the requirements of novices and experts, featuring:
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OKEx Wallet: The most robust, secure, and adaptable crypto wallet granting users access to over 70 blockchains as well as the ability to safeguard their own funds. The wallet incorporates MPC technology that allows users to easily access their wallet independently, eliminating the need for traditional, ‘written’ seed phrases. Furthermore, the account of OKEx Wallet is abstract-powered
smart accountAllows users to pay for transactions on multiple blockchains using USDC or USDT and interact with multiple contracts through a single transaction.
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DEX: A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and about 15 bridges, with 200,000+ coins and over 20 blockchains supported.
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NFT Marketplace: A multi-chain, zero-fee NFT marketplace granting users access to NFT listings across seven top-tier marketplaces, including OpenSea, MagicEdden, LuxRare, and Blur.
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Web3 DeFi: A powerful DeFi platform supporting earning and staking on nearly 70 protocols across more than 10 chains.
OKEx has collaborated with several of the world’s premier 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 pioneer in creating innovative technology products, OKEx believes in challenging the status quo. The company recently launched a global brand campaign called The System Needs a Rewrite, which advocates a new paradigm led by Web3 self-managed technology.
To discover more about OKX, download our app or visit: okx.com
Disclaimer
The information displayed is for educational and informational purposes only. It does not constitute and shall not be construed as an offer, solicitation or recommendation to deal in any product (including any NFT or otherwise), or as financial or investment advice. Both the OKX Web3 Wallet and the OKX NFT Marketplace are subject to separate Terms of Service on www.okx.com.
Source: www.investorsobserver.com
