OKX has taken the lead in fully integrating the Uniswap Labs API into the OKX DeFi sector, launching the OKX DEX intent trading feature

OKX
2024-03-01 09:46:07
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The OKX DEX intent trading mode feature will allow users to quickly and intuitively swap tokens on Ethereum without having to pay any gas fees.

Author: OKX

On March 1, global leading Web3 technology company OKX announced in partnership with the trusted DeFi company Uniswap Labs that OKX has become one of the first significant builders to fully integrate Uniswap Labs' trading API into its own products.

This integration primarily refers to the launch of the intent trading mode feature on OKX DEX, which aggregates broader liquidity through UniswapX.

The intent trading mode feature on OKX DEX will allow users to quickly and intuitively swap tokens on Ethereum without paying any gas fees. The intent feature operates directly on the OKX DEX interface via Uniswap Labs' Uniswap X protocol. Uniswap X is a permissionless open-source protocol for trading between public and private automated market makers (AMMs) and other sources of liquidity.

The protocol aims to provide users with better prices by offering new liquidity and gas-free exchanges. Additionally, it eliminates the costs associated with failed trades and prevents maximum extractable value (MEV).

The OKX wallet has also integrated Uniswap, allowing users to log into their OKX wallet directly from the Uniswap interface by clicking "Launch App" and "Connect Wallet." Users logged in through Uniswap can swap tokens, trade NFTs, purchase cryptocurrencies, earn yields by contributing to liquidity pools, and use their OKX wallet assets on Uniswap to build DApps.

The unique design of UniswapX enhances the reliability and security of DeFi trading while optimizing prices. OKX's Web3 users can select "Intent Mode" in the "Trading Mode" section of the OKX DEX platform to trade using the UniswapX protocol.

This integration provides a comprehensive decentralized finance experience, enhancing the reliability and security of decentralized exchanges and offering users a more intuitive trading experience.

OKX Chief Innovation Officer Jason Lau stated, "The strategic integration with Uniswap Labs improves the decentralized finance experience for OKX users, and we are very pleased to be the first company to offer Uniswap X services to a broader Web3 audience. Uniswap X provides OKX DEX users with new liquidity, allowing them to achieve better pricing and more earning potential. As Uniswap X evolves, we hope to continue expanding our team's support for cross-chain development in the future."

Uniswap Labs Chief Operating Officer Mary-Catherine Lader remarked, "Uniswap Labs' smart contract expertise has transformed blockchain-based markets. Uniswap X brings the benefits of on-chain trading to more users and is key to expanding this foundation. We are excited to bring deeper liquidity and save gas fees for OKX users, opening up a new future for cross-chain trading."

In addition to the intent trading feature, OKX DEX also allows users to swap and bridge tokens through its "Smart" trading mode feature, which uses OKX's "X Routing" smart aggregator algorithm to identify the best trading paths across over 400 DEXs, considering prices, slippage, and network fees in multi-chain and cross-chain scenarios.

Meanwhile, thanks to the Ethereum EIP-6963 upgrade, OKX users will be able to connect their wallets more conveniently within the Uniswap interface. This change applies to all browser extension wallets and will greatly enhance the user interaction experience. Now, users can connect their OKX wallet directly to the Uniswap interface by clicking "Launch App" and then "Connect Wallet." After connecting to Uniswap, users can swap tokens, NFTs, and purchase cryptocurrencies, earn yields through liquidity pools, and use their OKX wallet assets on Uniswap to build DApps.

For more information about UniswapX and its security advantages, please visit ++www.okx.com/learn/what-is-uniswap++. For more information, please contact:

Media @ okx . com

For more information about UniswapX and its security advantages, please visit: [ link to LEARN content blog ].

About OKX

As a leading global technology company shaping the future of Web3, OKX offers a comprehensive suite of solutions that fully meet the needs of both beginners and professionals. This includes:

OKX Wallet: The world's most powerful universal crypto wallet, utilizing MPC technology, allowing users to easily and independently recover access to their wallets without traditional seed phrases, while achieving self-custody of user assets. Additionally, the account abstraction-driven smart accounts of OKX Wallet enable users to pay transaction fees across multiple blockchains using USDC or USDT and interact with multiple contracts through a single transaction. Currently, OKX Wallet supports over 80 public chains.

DEX: Aggregating over 10 cross-chain, 20+ public chains, 400+ DEXs, and over 3 million tokens. The X Routing smart routing allows a single transaction to utilize multiple DEXs, providing users with optimal prices and zero trading service fees. It also features a DEX market section, limit orders, perpetual contracts, KYT security checks, and other convenient functions.

NFT Marketplace: A multi-chain, zero-fee NFT marketplace that currently supports user access to NFT asset listings from 7 major NFT markets, including OpenSea, MagicEden, LooksRare, and Blur.

Web3 DeFi: A powerful decentralized finance platform supporting yields and staking for approximately 70+ protocols across 10+ chains.

OKX has established partnerships with many of the world's top brands and athletes, including Premier League champions Manchester City, McLaren Formula 1 racing, Tribeca Festival, Olympic athlete Scotty James, and F1 driver Daniel Ricciardo. As a leader in technological innovation, OKX dares to challenge the status quo. Recently, the company launched a global branding campaign called "The System Needs a Rewrite," advocating for a new paradigm centered around Web3 self-custody technology.

For more information, please visit: okx . com

About Uniswap Labs

Uniswap Labs is the largest on-chain digital asset marketplace and one of the most trusted companies in decentralized finance. The Uniswap protocol is a primary source of liquidity for decentralized finance, having processed $1.7 trillion in trading volume. Products built by Uniswap Labs allow users to easily and securely access decentralized finance, including the Uniswap network and mobile applications as well as Uniswap X. Uniswap Labs aims to make swapping simple.

For more information, please visit app . uni swap . org / swap .

Disclaimer

This announcement is for informational purposes only. This announcement is not intended to provide any investment, tax, or legal advice and should not be construed as an offer to buy, sell, or hold virtual assets. Holding virtual assets, including stablecoins, carries high risks, and market volatility may be significant, and you may even lose the entire value of your assets. You should carefully consider whether trading or holding virtual assets is suitable for you based on your financial situation and risk tolerance. OKX does not provide any investment or asset advice. You are solely responsible for your investment decisions, and OKX will not be liable for any losses. Past performance does not guarantee future results. If you have any questions about your specific situation, please consult your legal/tax/investment advisor.

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