OKX, a leading cryptocurrency platform, announced the integration of its wallet service with Umami Finance, a decentralized financial ecosystem. This expands customer access to revenue generating products through OKX Wallet.

OKX, known for its cryptocurrency offerings, continues to cater to the needs of both retail and institutional investors. The integration with Umami Finance, which is active on the Arbitrum network, aims to increase user engagement by providing reliable investment tools.

Utilizing DeFi's innovative solutions

Umami Finance offers high quality non-custodial income products. Specializing in “vaults”, Umami develops strategies to maximize returns from cryptocurrencies such as USDC, BTC and ETH. These automated strategies make DeFi accessible to a wide audience.

OKX Wallet users will have access to Umami's GM vaults, enabling advanced yield strategies including automated hedging and netting processes to maximize returns while managing risk.

Optimized interaction with DeFi

The collaboration between OKX and Umami Finance comes amid growing demand for DeFi's affordable and convenient services. The partnership combines OKX's powerful wallet technology with Umami's solutions, creating new opportunities to maximize returns.This is part of OKX's strategy to develop its Web3 platform, providing a full range of services in the crypto space. The partnership also expands Umami Finance's influence in the DeFi sector, facilitating widespread adoption of specialized financial products.