OKX introduces staking-like perform for BTC and BRC-20 tokens

Crypto.information – OKX has introduced a brand new function that enables customers to lock their bitcoin or BRC-20 tokens in return for BRC20-S tokens.

This function presents an extra service for customers hoping to reinforce their expertise throughout the ecosystem.

By locking up their bitcoin or BRC-20 tokens, customers obtain BRC20-S tokens as rewards. The BRC20-S commonplace extends the prevalent bitcoin token commonplace, representing OKX’s strategy within the digital forex sphere.

Furthermore, DeFi builders and initiatives have the chance to harness the BRC20-S protocol. They’ll set up staking swimming pools and distribute BRC20-S tokens to the holders of bitcoin and BRC-20 tokens.

OKX has additionally introduced plans to unveil a market devoted to BRC20-S tokens. This platform might present customers with one other interplay layer with these digital belongings.

This text was initially printed on Crypto.information