OKX Introduces Staking-Like Options for BTC and BRC-20 Tokens

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Crypto.information – OKX has introduced a brand new characteristic that permits customers to lock Bitcoin or BRC-20 tokens in trade for BRC20-S tokens.

This characteristic supplies further providers for customers who need to enhance their expertise inside the ecosystem.

By locking up Bitcoin or BRC-20 tokens, customers will obtain BRC20-S tokens as a reward. The BRC20-S customary extends the favored Bitcoin token customary and represents OKX’s method within the digital foreign money area.

Moreover, DeFi builders and initiatives have the chance to reap the benefits of the BRC20-S protocol. They’ll set up a staking pool and distribute BRC20-S tokens to Bitcoin and BRC-20 token holders.

OKX additionally introduced plans to launch a market devoted to BRC20-S tokens. This platform might supply customers one other layer of interplay with these digital property.

This text initially appeared on Crypto.information

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