OKX Integrates With Davos, Issuer of Inflation-Proof Stablecoin

OKX Wallet has announced an integration with Davos, a novel collateralized debt position (CDP) protocol created to enable the seamless minting of DUSD, an inflation-proof stablecoin, by means of Liquid Staking Tokens (LSTs), Bankless Times learned from a press release.

Fair borrowing rates

Davos aims to solve the challenges traditional CDPs protocols face in DeFi by integrating fair borrowing rates and an unbiased monetary policy. Its ultimate goal is to encourage mainstream adoption of DeFi and enhance user protection.

Easy access

Users who want to access Davos must download the OKX Wallet web extension, which is available as a Chrome and Firefox browser add-on. Then, they add an OKX Wallet account or create a new one.

Finally, they use a web extension to link their wallet to Davos.

Discover Portal

You can also use OKX Wallet’s Discover Portal to access the protocol. The portal provides access to more than 10,000 dApps, NFTs, DEXs, blockchain games, and auxiliary tools. It is available through OKX Wallet’s web-based Discover section.

Flexible, secure, powerful

OKX Wallet is a flexible, secure, and powerful crypto wallet which lets users custody their assets themselves and provides access to dozens of blockchains at the same time. Its integrated, state of the art MPC technology enables users to recover access to their wallets easily and independently, doing away with the need for long seed phrases they would otherwise need to write down.

Pay for transactions on multiple blockchains

Moreover, OKX Wallet features a Smart Account, which is account abstraction-powered and allows users to pay for transactions in Tether or USD Coin on numerous blockchains, as well as interact with a myriad of smart contracts via one single transaction.

OKX also takes privacy seriously. OKX Wallet and Shade Protocol, a series of interlinked privacy DeFi applications, recently announced a privacy-preserving integration.