Demex Integrates with OKTC (OKT Chain), a Leading L1 Blockchain Network

Samyukta Narasimhan -

About Demex

Demex is a cross-chain DEX, with CLOB-based perps, liquidity pools, money market, etc, and is designed to support any type of financial asset imaginable.

It is a fully permissionless and non-custodial platform, allowing any user to list new markets, tokens, and participate in DeFi, giving control back to users for a frictionless trading experience that rivals CEXs.

About Nitron

Nitron by Demex is a cross-chain permissionless money market. It is one of the most extensive money markets in the entire crypto space, as it provides money markets from assets from a number of chains such as Ethereum, Arbitrum, and so on. Learn more here.

Check out Nitron here!

About OKTC (OKT Chain)

OKTC is an EVM-compatible L1 built on Cosmos, focusing on true interoperability (IBC) and maximized performance. At high scalability, developers can build and scale with low gas fees. The OKTC ecosystem and infrastructure, including the all-in-one multi-chain Web3 interface, enables a seamless experience for developers and users.

Learn more about OKTC (OKT Chain) via:

Website | Twitter | LinkedIn | Discord | Medium | Telegram | DevCommunity | Submit Your Project |

Demex x OKTC

With this integration, Demex will whitelist $OKT and $OKB as collateral on the Nitron money market. This will allow users to lend their $OKT and $OKB assets on Nitron to achieve maximum yield. To promote the lending pools, OKTC may provide incentives, encouraging users to participate and earn additional incentives.

$OKT and $OKB are rising tokens that have been gaining popularity in the cryptocurrency community. Many users have shown bullish sentiment following the latest news of their layer-2 blockchain leveraging ZK technology coming soon. Users who are big believers HODLing the token can now lend it out on Nitron and earn passive income on it in the form of lending APY, and borrow against it to unlock more capital.

Conclusion

This integration between Demex and OKTC will bring about a closer and stronger synergy between the Cosmos and OKTC ecosystem. We are excited to see the positive impact this integration will have on the DeFi industry, and we look forward to working with OKTC to bring more innovative solutions to the market. Stay tuned for more updates!

Demex is dedicated to the greater development of the DeFi ecosystem. If you are interested in any potential collaborations, reach out to us here!