OKX Wallet integrates with Davos Protocol

Monday 25 September 2023 15:15 CET | News

OKX Wallet has integrated with Davos, a collateralised debt position (CDP) protocol designed to facilitate the minting of DUSD, by leveraging Liquid Staking Tokens (LSTs).

The protocol seeks to address the challenges faced by traditional CDPs in DeFi by aiming to incorporate an unbiased monetary policy and fair borrowing rates. Therefore, this could enhance user protection and promote broader DeFi adoption.

To access Davos, users only need to: 

  • Download the OKX Wallet web extension (this is available on both Chrome and Firefox browser as an add-on); 

  • Create a new OKX Wallet or add an existing one; 

  • Connect OKX Wallet to Davos through web extension 

  • Users are also able to access Davos via OKX Wallet's Discover Portal. This portal, which can be accessed through the Discover section on OKX Wallet on the web, gathers over 10,000 dApps, DEXs, blockchain games, NFTs, and supplementary tools.

OKX Wallet has integrated with Davos, a collateralised debt position (CDP) protocol designed to facilitate the minting of DUSD, by leveraging Liquid Staking Tokens (LSTs).


About OKX 

OKX is a global technology company aiming to drive the future of Web3. It provides a comprehensive suite of products to meet the needs of beginners and experts, including OKX Wallet, DEX, NFT Marketplace, and Web3 DeFi.

OKX Wallet is a secure and versatile crypto wallet that gives users access to over 70 blockchains while allowing them to take custody of their funds. The wallet includes MPC technology which allows users to recover access to their wallet independently, removing the need for traditional seed phrases. Moreover, OKX Wallet’s account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT and interact with multiple contracts through a single transaction.

In June 2023, the company partnered with UK-based TradingView to launch a mobile integration. Through this partnership, users would be able to trade OKX spot and derivatives through the TradingView app via an integration available on both Android and iOS devices. The primary aim of this partnership was to ensure a more seamless and user-friendly trading experience. For instance, users could connect their OKX account to the web and desktop versions of TradingView, as well as the mobile app without having to switch between platforms.

In March 2023, OKX set up a Hong Kong entity for launching virtual asset services in the region. The company intended to apply for the virtual asset service provider (VASP) licence under the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022, and the Type 1 and 7 licences under the Securities and Futures Ordinance. The announcement came after more than a year of preparation by OKX to fulfil anticipated regulatory requirements from organisational, product, security, and compliance standpoints. 

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Keywords: partnership, cryptocurrency exchange, cryptocurrency, web3, digital assets, DeFi
Categories: DeFi & Crypto & Web3
Companies: Davos Protocol, OKX
Countries: World
This article is part of category

DeFi & Crypto & Web3

Davos Protocol



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