Aave goes live on X Layer, enabling onchain lending for OKX Wallet users
Aave has launched on OKX's X Layer, allowing wallet users direct access to onchain lending and borrowing services.Summary
The decentralized finance (DeFi) lending protocol Aave is now live on X Layer, the Ethereum Layer 2 solution developed by the crypto exchange OKX. This integration enables OKX Wallet users to supply assets, borrow against collateral, and earn compounding yield directly on the network without needing separate wallet setups or bridging. OKX highlighted that Aave brings its battle-tested infrastructure to the L2 ecosystem in a permissionless and non-custodial manner. Users can supply assets like USDT0, USDG, and various xTokens to earn yield, or borrow assets against collateral. X Layer has implemented six "eModes" offering up to 88% loan-to-value for specific liquid staking pairs. This deployment is part of OKX's broader strategy to integrate DeFi features directly into its core wallet product, following similar moves by competitors.
(Source：The Block)