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OKX Web3 and Shui Finance Integration: Unlocking Opportunities for Users
OKX Web3 has recently made an announcement that Shui Finance has successfully integrated its wallet functionality into the platform. This integration signifies a milestone as it officially allows users to earn rewards in their OKX Wallet on the platform. The rewards will be in CFX, aligning with the entire architecture of Shui Finance that is deeply rooted in the Conflux Network.
The community has responded positively to this development; however, the sentiment is yet to be reflected in CFX, the token at the center of this integration. At the time of writing this article, CFX is down by 1.67% in the last 24 hours, trading at $0.3652. This movement displays a decrease of 23.67% in the last 7 days and an increase of 19.49% in the last 30 days.
Shui Finance’s Recent Developments
In a recent announcement, Shui Finance unveiled the launch of the Initial DEX Offering (IDO) for claims. The IDO process commenced on April 3, 2024, at 4 p.m. HKT on Swappi DEX. Users can simply access the platform and click on Claim Token to receive SHUI tokens in their accounts. The transaction is supported by a smart contract that automates the token processing once a user clicks Claim. It is vital for users to ensure they have sufficient gas in their wallets before initiating the transaction.
The list of partners for Shui Finance continues to grow. The platform recently collaborated with EAST Blue, a liquid staking protocol that operates on the Conflux Network. This partnership grants users access to the SHUI campaign hosted on EAST Blue’s website.
Expanding Collaborations for OKX Web3
Building on a previous collaboration, OKX Web3 had earlier included SHUI in its Discover Tab, enabling users to directly engage with SHUI through the native wallet. The platform has now extended its partnership portfolio with a new campaign featuring collaborations with Zeta Markets, Arkreen Network, and Injective, among others.
Furthermore, OKX Web3 is currently hosting Cryptopedia Season 15 in conjunction with zkLink. Users interested in participating can register for the 15th edition of the event by completing a series of tasks. Successful completion of these tasks will make them eligible to receive $300 worth of ZKL tokens. To access Cryptopedia, users can navigate to OKX Wallet, search for Discover, and enter Cryptopedia.
Expanding Ecosystem and Future Prospects
In a recent update, OKX Web3 revealed that 14 new projects have joined its ecosystem within a single week. These projects include SteakHut, Bitcoin Virtual Machine, Revoswap, Alaya AI, and Cards Ahoy, among others. The addition of new projects not only expands the ecosystem but also empowers users to delve into Web3 technology through a user-friendly wallet and secure environment.
The collaboration between Shui Finance and OKX Web3 signifies a promising partnership with potential opportunities in the pipeline. OKX Wallet will streamline the process for users to receive CFX rewards and earn staking rewards on Shui Finance. This strategic alignment aims to bolster Shui Finance’s market position by attracting a broader user base and enhancing overall market presence.
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