Popular cryptocurrency exchange OKX’s Web3 wallet has partnered with an altcoin project. As a result of the partnership, the value of the altcoin in question increased. Here are the details…
OKX partnership jumps the price of this altcoin project
On April 25, it was announced that OKX Web3 wallet has officially partnered with Agility, an Ethereum-based LSD protocol. This partnership will allow users to access Agility products and use the liquid staking service with the OKX wallet. Additionally, Agility will be included in the explore section of the OKX Web3 wallet. In other words, it will allow users to easily access cryptocurrencies to generate income. The popularity of liquid staking derivatives (LSDs) has increased significantly in recent months, as we reported on cryptokoin.com. This resulted in an increase in cash flow in DeFi. LSDs allow stakers to increase their potential returns by unlocking liquidity for staked cryptocurrencies like ETH. It is a relatively new type of token.
The OKX Web3 wallet is a multi-chain wallet that supports nearly 60 public chains covering five major industries, including wallets, DEX, coin earning, NFT marketplace, and Dapp discovery. The wallet also launched the MPC private keyless wallet, making it easy for users to explore the Web3 world without having to manage private keys or mnemonics.
Agility is both an LSD liquidity distribution platform and an aUSD trading platform. The platform aims to unlock liquidity for LSD holders and explore more LSD trading scenarios while providing deep liquidity for other LSD-related protocols. As of today, Agility LSD price is $0.231685 with a 24-hour trading volume of $2,505,657. In the last 24 hours, the coin has increased by 30 percent. Still, AGI is 79.54 percent below its all-time high of $1.00.
What does partnership mean?
The partnership between the OKX Web3 wallet and the Agility protocol is expected to benefit users in several ways. By leveraging the liquidity staking service that Agility provides, users can easily hand over cryptos for custody. It can also generate income without the need for complicated procedures. Meanwhile, the inclusion of Agility in the Explore section of the OKX Web3 wallet will enable more users to discover the LSD protocol and participate in LSD trading scenarios.
Both companies believe this partnership will play an important role in the development of the decentralized finance (DeFi) ecosystem. This collaboration will give users access to a wider range of services and products. It will also help improve the overall user experience and accelerate the adoption of DeFi technologies. Interest in decentralized finance has been increasing lately. Parallel to this increase in interest, this partnership is expected to be an important step towards the adoption of DeFi.
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