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Home web3.0 OKX takes the lead to fully integrate Uniswap Labs API into the OKX DeFi sector and launches OKX DEX intention trading function

OKX takes the lead to fully integrate Uniswap Labs API into the OKX DeFi sector and launches OKX DEX intention trading function

Mar 07, 2024 am 10:30 AM
Blockchain cryptocurrency Ethereum mobile application Stablecoin usdt exchange opensea uniswap

On March 1, OKX, a leading Web3 technology company, and Uniswap Labs, a trusted DeFi company, jointly announced that OKX has become one of the first important partners to fully integrate Uniswap Labs’ trading API into its products.

This integration mainly refers to the launch of the intent trading mode function on OKX DEX and the aggregation of broader liquidity through UniswapX.

OKX率先将Uniswap Labs API全面纳入OKX DeFi板块,推出OKX DEX意图交易功能

#OKX DEX’s Intent Trading Mode feature allows users to quickly and intuitively exchange tokens on the Ethereum network without paying gas fees. The feature is integrated directly into the OKX DEX interface via Uniswap Labs’ UniswapX protocol. UniswapX is an open source, permissionless protocol for trading between public and private automated market makers (AMMs) and other liquidity providers.

The purpose of this protocol is to provide users with better prices by providing new liquidity and gas fee-free exchanges. Additionally, it eliminates the costs associated with failed transactions and effectively prevents Maximum Extractable Value (MEV).

OKX Wallet also integrates with Uniswap, allowing users to log in to their OKX wallet directly from the Uniswap interface by clicking "Launch Application" and "Connect Wallet". Users who log in through Uniswap can exchange tokens, trade NFTs, purchase cryptocurrencies, earn income by contributing to liquidity pools, and build DApps using their OKX wallet assets on Uniswap.

UniswapX’s unique design not only improves the reliability and security of DeFi transactions, but also optimizes transaction prices. Web3 users of OKX can select "Intent Mode" in the "Trading Mode" section of the OKX DEX platform to trade using the UniswapX protocol.

This integration provides users with a comprehensive decentralized financial experience, improves the reliability and security of decentralized exchanges, and makes transactions more intuitive.

OKX Chief Innovation Officer Jason Lau pointed out that the strategic integration with Uniswap Labs will bring a superior decentralized financial experience to OKX users. He said the company is excited to be the first to offer UniswapX services to a wider Web3 audience. UniswapX will provide OKX DEX users with new liquidity, giving them access to better pricing and increased revenue opportunities. As UniswapX continues to develop, they look forward to continuing to expand the team's construction support in the cross-chain field in the future.

Uniswap Labs Chief Operating Officer Mary-Catherine Lader said: "Uniswap Labs' smart contract expertise has transformed the blockchain-based market. UniswapX brings the benefits of on-chain trading to more users, and is the key to expanding this base. We are excited to bring deeper liquidity and gas fee savings to OKX users, and open up a new future of cross-chain trading.”

In addition to the intent trading function, OKX DEX It also allows users to swap and bridge tokens through its “Smart” trading mode feature, which uses OKX’s “X Routing” smart aggregator algorithm that takes into account price, slippage and network fees in multi-chain as well as cross-chain scenarios. case, the best trading paths for more than 400 DEXs were identified.

At the same time, thanks to the Ethereum EIP-6963 upgrade, OKX users will be able to connect to their wallets in the Uniswap interface more conveniently. This change applies to all browser extension wallets and will greatly improve the user's interactive experience. . Users can now connect their OKX wallet directly to the Uniswap interface by clicking "Launch Application" and then "Connect Wallet." After connecting to Uniswap, users can exchange tokens, NFTs and purchase cryptocurrencies, as well as earn income through liquidity pools, and build DApps using OKX wallet assets on Uniswap.

For more information about UniswapX and its security benefits, please visit this link.

For more information, please contact: Media@okx.com

For more information about UniswapX and its security advantages, please visit: [link to LEARN content blog].

About OKX

As the world's top technology company leading the future of Web3, OKX provides a complete set of solutions that fully cover the needs of beginners and professionals. Includes:

OKX Wallet: The world's most powerful general-purpose encryption wallet, using MPC technology, allows users to easily and independently restore access to the wallet without the need for traditional mnemonic phrases, while achieving self-custody of user assets. In addition , OKX Wallet’s account abstraction-driven smart accounts enable users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts through a single transaction. Currently, OKX wallet supports 80 public chains.

DEX: Aggregate 10 cross-chains, 20 public chains, 400 DEX, 300W currencies. X Routing intelligent routing enables one transaction to use multiple DEXs at the same time, providing users with the best price and 0 transaction service fees. It also has convenient functions such as DEX market section, limit orders, perpetual contracts, and KYT security detection.

NFT Marketplace: A multi-chain, zero-fee NFT market that currently supports users to access NFT asset lists from 7 mainstream NFT markets, including OpenSea, MagicEden, LooksRare and Blur.

Web3 DeFi: A powerful decentralized financial platform that supports earnings and staking for approximately 70 protocols on 10 chains.

OKX partners with many of the world’s top brands and athletes, including Premier League champions Manchester City, McLaren Formula 1, Tribeca Festival, Olympian Scotty James and F1 driver Daniel Ricardo. As a leader in technological innovation, OKX has the courage to challenge the status quo. Recently, the company launched a global brand campaign called The System Needs a Rewrite to champion a new paradigm centered around Web3 self-hosted technology.

For more information, please visit: okx.com

About Uniswap Labs

Uniswap Labs is the largest on-chain digital asset market and the largest in decentralized finance. A company you can trust. The Uniswap protocol is the leading source of decentralized finance liquidity and currently handles $1.7 trillion in transaction volume. Uniswap Labs builds products that allow users to easily and securely access decentralized finance, including the Uniswap web and mobile apps and UniswapX. Uniswap Labs aims to make swapping easy.

For more information, please visit app.uniswap.org/swap.

Disclaimer

This announcement is for reference only. This announcement is not intended to provide any investment, tax or legal advice and should not be considered an offer to buy, sell or hold virtual assets. Holding virtual assets, including stablecoins, is risky, the market may fluctuate significantly, and you may even lose the entire value of your assets. You should carefully consider whether you are suitable for trading or holding virtual assets based on your financial situation and risk tolerance. OKX does not provide any investment or asset advice. You must take full responsibility for the investment decisions you make, and OKX will not be responsible for any losses. Past performance is not indicative of future results. If you have any questions about your specific situation, please consult your legal/tax/investment expert.

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