OKX Wallet Joins Forces with Reserve Protocol, Offering APR Boost on Staked ETH and ETH+

Today, OKX Wallet and Reserve Protocol announced a partnership that will give users who stake Curve LP ETH+-WETH via Convex on OKX DeFi an additional 5% APR on top of their existing base APR. Participants in this offer will receive their base and increased APR in the form of ETH+. The promotion runs from November 8 at 10:00 (UTC) until December 7 at 10:00 (UTC). Backed by Lido stETH and Rocketpool rETH, ETH+ is a safety-first diversified ETH LST index.

To take advantage of the increased APR on the ‘Curve LP ETH+-WETH’ liquidity pool, users only need to visit OKX DeFi, link their wallet or create a new one using OKX Wallet, search for ‘Curve LP ETH+-WETH,’ and stake their funds in this liquidity pool. When the promotion period concludes, users will then be eligible to get an increment in their ETH+ APR. It should be noted that participants who stake their LP tokens on Convex’s Curve LP ETH+-WETH liquidity pool through OKX DeFi will be eligible to receive a bonus pool of $20,000 worth of ETH+. You may find more details, including terms and conditions, here.

Streamlined DeFi Experience

OKX Wallet is the world’s most powerful, secure, and versatile crypto wallet, allowing users to access over 70 blockchains while maintaining custody of their own funds. The wallet incorporates MPC technology, which enables users to easily recover access to their wallet on their own, eliminating the need for traditional, ‘written down’ seed phrases. Furthermore, OKX Wallet’s account abstraction-powered Smart Account allows users to utilize USDC or USDT to pay for transactions on different blockchains and engage with many contracts in a single transaction.

OKX DeFi is a sophisticated DeFi platform that allows earning and staking on over 70 protocols spanning more than 10 chains. It is an all-in-one platform that can help users make the most of decentralized finance. In addition, it acts as a central hub where users can easily manage investments in various DeFi protocols. With OKX DeFi, liquidity pools on sites like AAVE, Yearn, and Pancake are simple to navigate. The platform simplifies the process of DeFi as users can keep track of their DeFi positions across DeFi platforms.

Reserve Protocol, on the other hand, is a decentralized protocol that allows anyone on the Ethereum network to generate stablecoins backed by a basket of various assets, whereas Convex is a yield aggregator for Curve Finance, one of the largest decentralized exchanges in DeFi. With Reserve Protocol’s latest partnership with the OKX Wallet, both platforms are aiming to offer a plethora of DeFi opportunities to their users, making DeFi more accessible and lucrative.