Lido Finance And OKX Wallet are collaborating to provide users with a simplified, multichain DeFi experience.
Lido Finance, the leading liquid staking protocol, has collaborated with OKX Wallet, a multichain DeFi wallet, to provide users with a seamless and comprehensive staking experience. This groundbreaking collaboration aims to simplify the staking process for millions of digital asset holders worldwide by delivering a one-click multichain DeFi experience.
OKX Wallet has already integrated support for Lido in its Discover product, allowing users to access Lido’s liquid staking services through its Web3 wallet. Furthermore, Lido has successfully integrated OKX Wallet’s web extension on their website, further streamlining the staking experience for users.
As part of this partnership, OKX Earn has aggregated Lido, enabling users to stake their crypto assets and earn rewards through the OKX Wallet. This integration offers users a simple and secure way to maximize returns on their digital tokens while maintaining liquidity and access to various DeFi applications.
Lido is the leading DeFi platform by TVL, offering a highly integrated platform for staking digital tokens across proof-of-stake networks while retaining liquidity. Currently, the Lido protocol supports Ethereum, Solana and Polygon staking.
OKX Wallet is a decentralized wallet that grants users easy access to the vast Web3 ecosystem, including tokens and DApps across more than 60 chains and rollups. The wallet supports both EVM and non-EVM chains, providing users with a seamless experience interacting with DApps across various networks.
This collaboration between Lido and OKX Wallet is set to revolutionize the staking experience by offering users the best of both worlds: the opportunity to earn rewards through liquid staking and the freedom to use staked tokens in other DeFi projects. By simplifying the staking process while bridging the gap between CeFi and DeFi solutions, users can now maximize their reward opportunities while mitigating risks associated with traditional staking methods.
The pseudonymous “Ocean,” head of OKX Web3 product, expressed his excitement about the partnership, stating, “We are thrilled to be collaborating with Lido to integrate their groundbreaking liquid staking protocols into our Web3 product suite. This partnership not only enhances the staking experience for our users, but also strengthens our commitment to fostering a diverse and vibrant DeFi ecosystem.”
As DeFi continues to evolve and mature, this collaboration between Lido and OKX Wallet is poised to set a new standard for user experience and innovation in the space. The integration of Lido’s liquid staking protocols into OKX Wallet’s Web3 product suite underscores the commitment of both platforms to empower digital asset holders and further enrich the DeFi landscape.