The DeSyn DeFi protocol is integrated into the OKX Wallet

The DeSyn DeFi protocol is integrated into the OKX Wallet

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by Max Nevskyi

3 years ago

The OKX Wallet, a cryptocurrency wallet developed by the OKX exchange, has recently integrated DeSyn, a decentralized finance (DeFi) protocol operating on the Ethereum (ETH) platform. This integration enables users to create synthetic assets and participate in decentralized asset management.

As a product of the OKX exchange, OKX Wallet offers access to over 80 different blockchains and features MPC technology, which simplifies the wallet recovery process.

DeSyn on Ethereum allows users to create and trade synthetic assets, manage personalized portfolios through asset pools, including tokens, NFTs, and derivatives, using smart contracts. It also offers asset management services to reduce costs. This integration expands the functionality of OKX Wallet, enhancing users' capabilities in DeFi.

In August, OKX Wallet launched the Smart Account feature, utilizing account abstraction technology and the Ethereum ERC-437 standard, enhancing security and convenience for users. Smart Account simplifies token exchanges on DEXs and allows for gas fees to be paid in stablecoins USDC and USDT.

In November, OKX expanded its services by launching a cryptocurrency exchange and Web3 wallet platform in Brazil, offering Brazilian users secure access to DeFi and cryptocurrency trading.

In response to new UK cryptocurrency advertising regulations, OKX aligned its operations with FCA requirements in October, optimizing its token list and removing over 30 trading pairs. Despite these changes, OKX continues to operate in the UK, improving its products and services to enhance user experience.

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