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Integration of Copra with OKX Wallet for Fixed-Yield Protocol Debt Market

Jun 9, 2024

The collaboration between Copra, a platform specializing in fixed-yield protocol debt, and OKX Wallet has been officially announced, unveiling new opportunities for the expanding user base of OKX Wallet. In the realm of decentralized finance, protocols rely on Copra's fixed-rate loans to enhance liquidity for boosting their total value locked (TVL) and augmenting protocol revenue. The introduction of Copra's innovative services has now enabled OKX Wallet users to seamlessly access lending and borrowing facilities that were previously out of reach.

A significant advantage of this strategic alliance is that lenders within this ecosystem can generate fixed returns by allocating capital to various crypto projects. As outlined in the announcement, these lending options are safeguarded by reserves backed by insurance, mitigating the risks associated with losses or insufficient funds. Consequently, users of OKX Wallet can enjoy a steady stream of returns with reduced concerns regarding market fluctuations.

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