The algorithmic stablecoin protocol Frax Finance has integrated with the OKX Web3 wallet

ChainCatcher news, according to the algorithmic stablecoin protocol Frax Finance's official website, Frax Finance has officially integrated with the OKX Web3 wallet. Users can connect the OKX Web3 wallet plugin to perform stablecoin exchanges, staking, and more on Frax Finance. Frax Finance is the first partially algorithmic stablecoin, minted using 1 USD of USDC + FXS. Similarly, burning 1 FRAX can yield 1 USD of USDC + FXS.

It is reported that the OKX Web3 wallet is the most comprehensive heterogeneous multi-chain wallet, supporting over 60 public chains, with a unified experience across app, plugin, and web platforms, covering five major areas: wallet, DEX, earning coins, NFT marketplace, and DApp exploration. It also supports features such as the Ordinals marketplace, creating MPC wallets, exchanging gas, iCloud/Google Drive backup for mnemonic phrases, custom networks, and connecting hardware wallets.

In addition, the OKX Web3 wallet will soon support AA account abstraction. (Source link)