Flash News: OKX Wallet Users Can Now Access Prisma Finance, a Decentralized Borrowing Protocol
SINGAPORE, Nov. 04, 2023 (GLOBE NEWSWIRE) -- OKX , a leading Web3 technology company, has issued updates for November 5, 2023.
- SINGAPORE, Nov. 04, 2023 (GLOBE NEWSWIRE) -- OKX , a leading Web3 technology company, has issued updates for November 5, 2023.
- OKX Wallet Users Can Now Access Prisma Finance, a Decentralized Borrowing Protocol
OKX Wallet is now integrated with Prisma Finance , a DeFi Project that aims to maximize the potential of Ethereum liquid staking tokens (LSTs). - With this integration, OKX Wallet users can now access Prisma Finance via web extension and do the following:
• Mint: Users can choose their favorite LST, deposit it as collateral and mint their desired amount of mkUSD
○ mkUSD is fully collateralized by liquid staking tokens. - The stablecoin will be incentivized on Curve and Convex Finance to create a capital-efficient flywheel where users can receive trading fees, CRV, CVX and PRISMA - on top of their Ethereum staking rewards