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The partnership will enhance the efficiency of DeFi farming and improve the security of Ethereum staking
February 23, 2023 – OKX Wallet, a leading self-custody solution for digital assets in Web3, today announced a strategic partnership with Rocket Pool to enhance the efficiency of DeFi farming and improve the security of Ethereum staking. Rocket Pool, the first decentralized, trustless ETH 2.0 Proof of Stake Protocol, has integrated OKX Wallet on its website, allowing users to stake ETH in Rocket Pool directly via the OKX Wallet web extension.
Meanwhile, OKX Discover, a one-stop platform for accessing decentralized applications, now supports Rocket Pool, allowing users to directly interact with the Rocket Pool product through the OKX Discover platform. The strategic partnership between OKX Wallet and Rocket Pool will provide users with a seamless entry to the Web3 ecosystem and create a more efficient and secure environment for DeFi farming and Ethereum staking.
Both companies aim to promote the non-custodial, trustless nature of Ethereum and DeFi, allowing self-sovereignty to thrive. As part of a strategic shift into DeFi, OKX Wallet has also launched OKX Yield, a robust farming module built within the OKX Wallet that allows anyone to participate in DeFi easily, conveniently, and safely, and helps users achieve asset appreciation. OKX Yield will continue to discover high-quality on-chain investment opportunities and bring more DeFi products to Web3 users.
About OKX Wallet
OKX Wallet is a multi-platform, universal crypto wallet created by the world’s namesake leading cryptocurrency exchange. Users can use the OKX Wallet to gain easy access to the Web3 ecosystem, including tokens, NFTs, and dApps in more than 40 chains and roll-ups. As a self-custodial, decentralized wallet product, users are in charge of their own private keys and crypto assets on both EVM and non-EVM chains.
About Rocket Pool
Rocket Pool is a decentralized finance (DeFi) protocol that offers a liquid staking solution for Ethereum. It allows users to join an Ethereum decentralized node operator or run their own node with a lower capital requirement than conventional staking solutions, as users can run their own node with just 16 Ether instead of the network specified 32 ETH. Depositors receive a liquid staking token rETH in exchange for their ETH, which proves the user is entitled to staking rewards over time and accrues yield.