OKX’s Web3 Wallet Now Integrated with Clearpool
OKX’s Web3 Wallet has partnered with Clearpool to offer lending opportunities to OKX Web3 users. By integrating with Clearpool’s credit protocol, OKX Web3 Wallet users can directly lend to institutions. This collaboration expands Clearpool’s potential user base and contributes to the growth of OKX’s Web3 ecosystem.
Introducing OKX Web3
OKX, the second-largest crypto exchange globally, is a leading Web3 technology company. With its versatile OKX Wallet, users can hold their private keys and access various decentralized exchanges (DEXs), DeFi yield services, NFT marketplaces, and now, Clearpool.
“Clearpool is incredibly excited and honored to have been selected by OKX Web3 to integrate with their DeFi Wallet — a testament to the growing credibility and trust the protocol has gained. This partnership unlocks a significant expansion of Clearpool’s potential user base as it taps into the vast and growing global ecosystem of OKX Web3. We look forward to continuing further collaboration with OKX Web3 and exploring future possibilities,” commented Jakob Kronbichler, CEO & co-founder of Clearpool.
Unlocking Access to OKX Web3’s Ecosystem
Through the integration, OKX Web3 users can access permissionless borrower pools to lend directly to whitelisted institutions using OKX DeFi. This partnership offers the potential for dynamic and risk-adjusted returns, compound with each block, with no lock-up periods on Clearpool. Lenders also receive rewards in $OP tokens, granted by the Optimism Foundation, which will bootstrap the borrower pools on Clearpool’s Optimism Market.
About Clearpool
Clearpool is a leading DeFi credit marketplace that enables institutions to raise unsecured liquidity from DeFi markets. The platform also offers a fully permissioned platform called Clearpool Prime for compliant borrowing and lending. Clearpool LP tokens, known as cpTokens, facilitate tokenized credit and on-chain risk management. With a user base including Wintermute, Jane Street, Fasanara Digital, CoinShares, and others, Clearpool has originated over $440 million in loans since its launch.
Hot Take: Clearpool and OKX Web3 Partnership Expands DeFi Opportunities
The integration of OKX Web3 Wallet with Clearpool’s credit protocol opens up new lending opportunities for OKX Web3 users. With direct access to borrower pools, users can earn risk-adjusted returns and receive rewards in $OP tokens. This collaboration not only benefits OKX Web3 users but also expands Clearpool’s user base, tapping into the global ecosystem of OKX Web3. The partnership between Clearpool and OKX Web3 signifies the growing credibility and trust in DeFi protocols, paving the way for further collaborations and future possibilities in the decentralized finance space.
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