The decentralized lending protocol Aave has officially gone live on X Layer, OKX’s Ethereum-compatible Layer 2 network. This marks Aave’s 21st chain integration, opening it to a new audience.
DeFi lending now live inside OKX Wallet
DeFi lending is now officially live on OKX Wallet. This integration opens the gate to easy borrowing and lending. Now millions of users can lend, borrow, and earn yield without bridging assets or switching interfaces.
This merging has eliminated DeFi friction points, where earlier, users were required to withdraw funds from centralized exchanges, set up separate wallets, bridge to other chains, and go to external platforms. Now, OKX Wallet users can supply assets and borrow against collateral directly on X Layer, within the wallet interface.
With this launch on X Layer, Aave is offering the v3.6 protocol, considered the most capital-efficient version.
What OKX users get with this integration
OKX users can now supply assets like USDT0, USDG, xBTC, and xETH to earn an automatically compounding yield. They can also borrow against their collateral without any credit checks or intermediaries, all noncustodial. With X Layer’s high-speed infrastructure, sub-second block times, and low fees, even small transactions are now easy for everyday users.
Higher borrowing power with eModes
This launch comes with efficiency modes (eModes) calibrated specifically for X Layer assets, offering up to 88 percent LTV for liquid staking pairs and up to 78 percent LTV for crypto-to-stablecoin pairs.
Now, aTokens, like aUSDC, aWETH, and aUSDT, can be traded directly on OKX, with no need to manually withdraw from Aave first.
Aave protocol recently crossed one trillion dollars in cumulative lending volume (CLV). Aave has also generated approximately 6.2 million dollars in revenue over the past 30 days while maintaining a strong safety record.
The arrival of Aave is expected to bring massive liquidity to the modest on-chain activity on the X layer. As Stani Kulechov, founder of Aave Labs, stated, the goal of this expansion on X Layer is to connect Aave’s liquidity to a growing ecosystem of users and applications, making it easier to earn, borrow, and build applications on the network.
This merge shows us a growing trend in the blockchain landscape, where the centralized finance (CeFi) user base is getting connected with DeFi lending protocols. Connecting Aave’s lending system directly to the OKX Wallet streamlines things for everyday users, making advanced DeFi tools more accessible.
