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OKX Enhances DeFi Ecosystem with Geode Finance Partnership

July 7, 2024
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OKX Enhances DeFi Ecosystem with Geode Finance Partnership

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OKX Pockets has introduced its integration with Geode Finance, a pioneering decentralized protocol for staking options on the Ethereum blockchain.

Based on the new release, the OKX Pockets will customers to entry Geode’s superior staking library within the staking swimming pools of their alternative. Geode Finance additionally improves safety and yield-bearing property with a staking mannequin that gives stability and the opportunity of elevated fiat accessibility.

In one other report, OKX Pockets has also teamed up with Copra, a market specializing in fixed-yield protocol debt. This partnership introduces new mortgage and credit score choices for OKX Pockets’s quickly increasing person base. 

The fixed-rate loans that Copra gives to DeFi protocols help the funding of important working capital which in flip will increase the Whole Worth Locked (TVL), and revenues for the DeFi protocols. Customers can now interact in fastened returns lending, backed by insurance coverage reserves to mitigate market volatility dangers.

Additionally learn: OKX Wallet Integrates with ChainGPT and AITECH



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