OKX Expands Web3 Ecosystem with Beefy and Synthetix Integrations, Introduces Dip Sniper & Peak Sniper Trading Tools
OKX, the world-leading cryptocurrency platform, has issued updates for the week of February 20, 2023.
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OKX Web3 Wallet Integrates with Beefy and Synthetix protocols
OKX has further expanded its Web3 ecosystem with the integration of the Beefy yield and Synthetix DeFi protocols with the OKX Web3 Wallet. The OKX Wallet web extension is fully integrated with both the Beefy and Synthetix platforms, enabling users to better and more easily manage their assets on these platforms.
Beefy is a Decentralized, Multichain Yield Optimizer platform that allows users to earn compound interest on their crypto. Through a set of investment strategies secured and enforced by smart contracts, Beefy automatically maximizes rewards from various liquidity pools, automated market making projects, and other yield farming opportunities in the DeFi ecosystem.
Synthetix is an Ethereum-based protocol for issuing synthetic assets. Analogous to derivatives in legacy finance, synthetic assets are financial instruments that track and provide the returns of another asset without requiring you to hold that asset.
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OKX Introduces Dip Sniper and Peak Sniper Trading Tools
OKX has also rolled out its Dip Sniper and Peak Sniper trading tools, allowing users to buy assets at discounted prices and sell them at a premium.
Found under Trading Bots in the OKX app, Dip Sniper allows users to fill a portion of their buy order at a lower price, even if the asset does not actually reach that price. Conversely, Peak Sniper allows them to fill a portion of their sell order at their desired price even if the asset does not reach that price.
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