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ParaSpace & OKX Web3 Wallet Cooperation

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ParaSpace Background:

• Web: https://para.space/

• TVL: Top 60 with $140M https://defillama.com/protocol/ParaSpace

Introduction to ParaSpace

What is ParaSpace?

ParaSpace is a decentralized lending protocol that allows users to borrow and lend against Non-Fungible and Fungible tokens alike. ParaSpace allows users to tap into otherwise-unused capital to fund further investments and earn yields on the same.

Why ParaSpace?

We believe existing lending protocols leave many problems unsolved including limited support for collateral and a lack of attention to different users' risk preferences. Our vision is to create a platform with strong support for a wide variety of both fungible and non-fungible assets extending into the real world.

With the recent prominence of the NFT collectibles, ParaSpace offers products and features which add value and enhance liquidity and capital efficiency in a large and fast-growing market segment. The larger solution includes support of a much wider range of existing on-chain financial, art and collectible, gaming, and other types of assets.

Our goal is likewise to offer users true customizability on what assets they may borrow/borrow against and on what terms. The protocol currently supports Peer to Pool lending which solves many but not all of these pain points. We nonetheless will bring together the best of capital efficiency from Peer to Pool borrowing/lending and complement it with greater customization available via Peer to Peer lending.

ParaSpace Builds towards the future in DeFi and Crypto

The ParaSpace team believes in a future where tokenized assets proliferate with different kinds of utility, applications, and especially the connection to real-world assets. The next 10-20 years will see substantial changes in how we account for and transact valuable assets. Ultimately ParaSpace will act as the permissionless and highly customizable infrastructure to solve many unmet needs in efficient uses of on-chain capital. We seek to bring web3 and Decentralized Finance to 1 billion people.

OKX Wallet is a multi-platform, universal crypto wallet. Users can use the OKX Wallet to gain easy access to the Web3 ecosystem, including unlimited tokens and dApps in more than 40 chains and roll-ups. As a self-custodial, decentralized wallet product, users are in charge of their own private keys and crypto assets.

OKX Wallet is a real multi-chain wallet that supports both EVM chains and non-EVM chains. Support for new chains will be supported along the way, giving users access to dApps on different chains without inputting RPC and switching wallets.

Seamless entry via OKX Wallet

For Swap products, OKX Wallet has integrated with OKX DEX, a swap aggregator, to connect with all liquidity from more than 13 chains and provide free trading for users. In order to fulfill the market demands for token transfer across different chains, OKX DEX optimizes users’ output by finding the best LP and the route that minimizes slippage and network fees, made possible by our independently developed split-route algorithm. X Routing algorithm enables quote comparison by considering LPs across chains, factoring in prices, slippage, and network fees, as well as finding the optimal trading route. OKX Wallet aims for OKX DEX to bring a large quantity of TVL into the web3 ecosystem.

For DeFi Farming products, OKX launches Yield on OKX Wallet and provides users with a one-stop aggregation investment platform. Yield is a robust module built within OKX Wallet, which is dedicated to allowing anyone to participate in DeFi easily, conveniently, and safely, and helping users achieve asset appreciation. OKX Web3 Yield can effectively help users remove the barriers when entering Web3. Later, Yield will continue to discover high-quality on-chain investment opportunities, and bring more investment products, more convenient investment experiences, and more comprehensive asset data analysis to web3 customers.

For NFTs, OKX Wallet has integrated with OKX NFT Marketplace, a decentralized NFT Marketplace running across seven major chains and roll-ups. OKX Wallet will provide a one-stop NFT solution for dApps in more than 10 chains, and abundant NFT trading opportunities and tools for users. NFT Launchpad is the exclusive issuing platform of OKX NFT Marketplace. Here, handpicked projects launch offerings that are fully decentralized with equal opportunities, and users can enjoy early access at favorable prices. OKX Wallet will welcome curated projects, esteemed artists, and celebrities to issue NFT assets on chain through OKX NFT Marketplace, allowing users to trade NFTs with agility, speed, security, and scalability.

For the Dapp store,  through the OKX Discover Portal, OKX also provides insight and access to 10,000+ third-party DApps, including crypto games, which are fun and exciting video games that use blockchain technology and are fueled by Digital Assets.

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