On May 2nd, OKX Ventures announced that it will lead the investment in Bedrock, a multi-chain liquidity re-pledge protocol. Bedrock provides users with institutional-level services, with a total re-pledge value of more than $200 million so far. Next, it will further innovate to build the first liquidity staking Bitcoin (uniBTC) on Babylon.
Dora Yue, founder of OKX Ventures, said: "With the development of DeFi in full swing, the total value of on-chain pledges has exceeded 93.40 billion US dollars, of which 48% comes from the liquidity re-pledge sector. The investment in Bedrock is designed to accelerate liquidity re-pledge solutions. We hope to provide diverse and safe asset management options for community users. We look forward to the gradual maturation and systematization of DeFi usage scenarios to promote the sustainable development of the Web3 industry."
OKX Ventures Announces Leading Investment in Multi-Chain Liquidity Re-pledge Agreement BedRock
2024-05-02 05:05:02
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