OKX Wallet, a universal crypto wallet available on multiple platforms, has integrated with BaseLend, a decentralized lending protocol on the BASE chain, for seamless crypto lending.
The integration allows users to access flexible and transparent borrowing and lending services within the DeFi ecosystem, according to an announcement.
With this move, OKX Wallet’s web extension users can collateralize their digital assets and obtain loans seamlessly via the BaseLend protocol.
To access BaseLend, users need to download the OKX Wallet web extension, available as a Chrome and Firefox browser add-on, create a new OKX Wallet or add an existing one, and connect their OKX Wallet to BaseLend via the web extension.
OKX Wallet enables users access to over 3,000 cryptocurrencies, more than 60 networks, thousands of DApps, and a one-stop decentralized NFT Marketplace.
The wallet includes MPC technology, which allows users to easily recover access to their wallet independently, thus eliminating the need for traditional ‘written down’ seed phrases.
The wallet is one of the products offered by OKX, which claims to be the world’s second largest cryptocurrency exchange by trading volume, behind Finance.
In addition to the OKX Wallet, OKX offers a suite of products, including a cross-chain decentralized exchange (DEX) aggregating nearly 200 other DEXs, a multi-chain, zero-fee NFT marketplace, and a DeFi platform supporting earning and staking on 80 protocols across 15 chains.
OKX has also partnered with several of the world’s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.
The firm recently initiated a worldwide brand campaign called “The System Needs a Rewrite”, promoting a shift towards a new paradigm driven by Web3 self-managed technology to supplant the current centralized systems.
Last week, OKX Wallet also successfully integrated with PheasantSwap, a decentralized exchange built on the ENULS blockchain.
This blockchain features compatibility with both the Ethereum Virtual Machine (EVM) and Web3 API interfaces, making it easier for users to transition to decentralized exchange services seamlessly.
