Tezos-based Etherlink Onboards Oku DeFi Aggregator, Expanding DeFi Opportunities for Users

Tezos-based Etherlink blockchain has expanded its DeFi opportunities with the launch of non-custodial DeFi aggregator Oku. Oku unlocks a suite of opportunities for on-chain traders and has already onboarded deposits to the public. The integration of Uniswap v3 has further cemented Etherlink's position as a growing DeFi hub. The launch has led to a surge in Etherlink's total value locked (TVL) past $40 million.

The Tezos-based Etherlink blockchain has significantly expanded its decentralized finance (DeFi) offerings with the recent launch of the non-custodial DeFi aggregator Oku. Oku, a fork of Uniswap v3, has brought a suite of advanced trading features to Etherlink users, including swapping, bridging, and liquidity management. This integration has further solidified Etherlink's position as a growing DeFi hub and has contributed to a substantial surge in its total value locked (TVL) past $40 million.

Oku, developed by GFX Labs, provides users with an intuitive trading interface, familiar price charts, aggregated swap history, and a comprehensive analytics dashboard. These features enable users to manage their liquidity positions efficiently and gain detailed insights into pools, tokens, and positions without incurring additional fees. The integration of Uniswap v3 has allowed Etherlink to seamlessly connect with other blockchains, offering users the ability to swap tokens and provide liquidity across a range of networks.

The launch of Oku comes amidst significant growth for the Etherlink ecosystem. According to its official statement, Oku's high-performance capabilities and low transaction costs make Etherlink an attractive platform for top-tier DeFi protocols. This expansion demonstrates Etherlink's ability to bridge the EVM and Tezos environments, opening pathways for other leading DeFi protocols to expand to Tezos in the future.

The integration of Oku has not only enhanced Etherlink's DeFi capabilities but also underscored its commitment to providing a fast, fair, and nearly free environment for developers and users. With up to 30x faster smart contract storage and enhanced network stability, Etherlink continues to offer an optimal environment for high-performance trading applications.

References:
[1] https://docs.etherlink.com/
[2] https://u.today/tezos-based-etherlink-onboards-oku-defi-aggregator