OKX Launches xBTC on Aptos, Bringing 1:1 Bitcoin-Backed DeFi Onchain
May 22, 20255 min
xBTC enables Aptos users to access wrapped Bitcoin backed 1:1 by OKX's BTC reserves, with no minting or redemption fees.
xBTC enables Aptos users to access wrapped Bitcoin backed 1:1 by OKX's BTC reserves, with no minting or redemption fees.
The decentralized finance (DeFi) landscape is constantly evolving, with new innovations pushing the boundaries of whatās possible. At the heart of this evolution are decentralized exchanges (DEXs), which have become the backbone of DeFi by enabling trustless, permissionless trading. However, as the space matures, the need for sustainable liquidity, aligned incentives, and scalable infrastructure has never been greater. Here we introduce Magma Finance, a next-generation ve(3,3) DEX built on the Sui network. Inspired by the...
Chainlink Price Feeds are available for Base developers