announcement<\/a>, the launch will allow OKX Wallet users and DeFi participants to directly supply assets, borrow against collateral, and earn yield on the network without having to use a separate wallet or bridge assets across chains.<\/p>\nX Layer was developed by OKX and launched in 2024, but network growth has been relatively slow so far, with the chain holding only about $25 million in total value locked as of press time.<\/p>\n
<\/p>\n
Onboarding Aave could significantly strengthen liquidity and expand the network\u2019s DeFi capabilities.<\/p>\n
\u201cWith a multi-year track record across more than a dozen blockchain networks and a 60% market share of DeFi lending, Aave is the largest and most trusted onchain lending network, with over $46 billion in supply & borrow. Its arrival on X Layer brings that same battle-tested infrastructure to OKX\u2019s L2 ecosystem, permissionless, non-custodial, and accessible directly from OKX Wallet,\u201d OKX said.<\/p>\n
As part of the expansion, users can supply assets including USDT0, USDG, GHO, xBTC, xETH, xSOL, xBETH, and xOKSOL to earn yield that compounds automatically while retaining custody of their tokens.<\/p>\n
Further, users will be able to borrow assets such as USDT0, USDG, GHO, xBTC, xETH, and xSOL against their collateral without any credit check or intermediary.<\/p>\n
To access the service, OKX Wallet users just need to open the wallet, navigate to Aave through the DApps section, and connect to the X Layer network.<\/p>\n
OKX expands its offerings<\/h1>\n
The latest expansion follows the launch of Orbit, a social trading platform that the crypto exchange introduced earlier this month.<\/p>\n
As previously covered, Orbit is designed to combine social media-style interaction with trading tools, allowing users to share strategies, discuss market developments, and follow experienced traders in real time.<\/p>\n
Around the same time, OKX disclosed a strategic investment from Intercontinental Exchange, with the deal set to give ICE a seat on the company\u2019s board.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Decentralized lending protocol Aave has officially launched on Ethereum layer 2 X Layer. Summary Aave has launched on X Layer, enabling OKX Wallet users to lend, borrow, and earn yield…<\/p>\n","protected":false},"author":1,"featured_media":3092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-24667","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=24667"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24667\/revisions"}],"predecessor-version":[{"id":24668,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24667\/revisions\/24668"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3092"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=24667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=24667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=24667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}