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OKX Launches xBTC on Aptos Mainnet for DeFi Applications
Generated by AI AgentCoin World
Thursday, May 22, 2025 2:52 am ET1min read
OKX has launched xBTC, a wrapped Bitcoin asset, on the Aptos mainnet, marking a significant development in the realm of on-chain decentralized finance (DeFi). This launch enables Aptos users to
xBTC on the OKX platform and transfer it seamlessly into the Aptos network for various DeFi applications, including trading and lending. The integration of xBTC into the Aptos ecosystem is further bolstered by a special event planned by Hyperion, Echo Protocol, and Aries Markets, three prominent Aptos DeFi projects, in collaboration with OKX Wallet. Scheduled for May 23 at 15:00, this event aims to promote the deep integration of xBTC within the Aptos network, enhancing its utility and accessibility.The introduction of xBTC on Aptos allows users to participate in multi-chain DeFi ecosystems with ease. This wrapped Bitcoin asset supports a range of on-chain functions, including lending and liquidity mining, thereby expanding the possibilities for DeFi applications. By achieving 1:1 reserves, xBTC ensures that users can borrow and utilize Bitcoin in a decentralized manner, fostering greater financial inclusivity and innovation.
The Aptos Foundation, committed to advancing the development and ecosystem of the Aptos network, has welcomed this initiative. The foundation's support underscores the potential of xBTC to drive growth and adoption within the Aptos ecosystem. As more users and projects embrace xBTC, the Aptos network is poised to become a hub for innovative DeFi solutions, leveraging the stability and liquidity of Bitcoin to create new financial opportunities.
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