OKX, a financial technology company known for its global crypto trading platform and on-chain wallet and marketplace, is pleased to announce the launch of Aave on X Layer, OKX’s Ethereum-compatible layer 2 network. Aave is a famous decentralized, non-custodial liquidity protocol in which users can participate as providers or borrowers. The primary goal of expanding X Layer’s decentralized finance (DeFi) ecosystem is to facilitate access to proven, institutional-grade lending infrastructure directly on-chain.
Aave is proven on over a dozen blockchain networks, as well as perfection. Aave is famous for its world’s largest decentralized liquidity protocol in terms of total value locked (TVL) and net deposits. Its arrival on X Layer allows users to lend, borrow and generate income without permission without needing to be connected to complicated interfaces.
Aave Growth Continues with Seamless OKX Wallet Integration
Stani Kulechov, founder of Aave Labs, spoke about the integration of OKX and Aave. He said: “By expanding to
Thanks to this integration, Aave can today be approached on X Layer natively via OKX Wallet, without any special wallet configuration requirements. This alliance provides USDT0, $USDG, $GHOxBTC, xETH, xSOL, xBETH and earn a competitive yield that works automatically. Additionally, this will also expand crypto holdings through the easy accessibility of stablecoins.
Aave and OKX Integration Improves DeFi Borrowing Power and Flexibility
The combination of Aave and OKX is much bigger than you think, as it also allows you to borrow USDT0, $USDGAnd $GHOetc. X Layer has 6 confirmed eModes. Users can borrow up to 88% LTV for liquid staking pairs, or up to 78% LTV for crypto-stablecoin eModes compared to the standard 70% LTV.
Moving forward, this partnership with the OKX ecosystem offers depositing and fund management on Aave Availability positions tokenized by Aave Trade, tokens (aUSDC, aWETH, aUSDT) directly on the OKX decentralized exchange (DEX) anytime and anywhere, without manual withdrawal from Aave first, with real-time market data and pricing.