CIAN x OKX Wallet x Lido: Bridge the Gap Between CeFi and DeFi

CIAN
5 min readSep 21, 2023

We are thrilled to announce the powerful alliance of CIAN, OKX Wallet, and Lido: a remarkable fusion bridging the gap between CeFi and DeFi by allowing CeFi users direct access to earn safely and easily from DeFi.

Introducing CIAN x OKX Wallet x Lido Alliance

The synergy between CIAN, OKX Wallet, and Lido opens up exciting possibilities for CeFi users seeking to explore the benefits of DeFi. We’ve streamlined the intricate aspects of DeFi, enabling CeFi users to engage in the delta-neutral wstETH/stETH/ETH recursive strategy directly via OKX Wallet.

👇 You can check it out here 👇

OKX stETH Vault

What are OKX and OKX Wallet?

OKX is an innovative cryptocurrency exchange with advanced financial services providing a wide range of cryptocurrency tokens and trading pairs. OKX serves millions of users across more than 100 countries, and its services include spot trading, margin trading, futures trading, options trading, perpetual swaps trading, DeFi offerings, lending, and mining services.

OKX Wallet is a decentralized multi-chain wallet that enables users to access and explore the Web3 world. With OKX, users have complete control over their private keys and crypto assets. Users can access over 1,000 DApp protocols and features such as multi-chain and cross-chain DEX, Yield farming, NFT marketplace, and DApp discovery.

To learn more: https://www.okx.com/web3

What is Lido?

Lido is the leading liquid staking solution — providing a simple way to earn rewards on your digital tokens. By staking with Lido your tokens remain liquid and can be used across a range of DeFi applications to earn extra rewards. Lido’s st[tokens] are freely transferable instead of locked as in the case of native staking. Lido lets users operate with staked tokens by leveraging collateral, lending, farming, and other kinds of DeFi protocols.

To learn more: https://lido.fi/

What is CIAN?

CIAN protocol is a liquid staking token (“LST”) focused delta-neutral yield strategy platform, where users could earn either through joining algorithmic strategy vaults or through building their own DeFi strategies using CIAN’s advanced automation tools. CIAN allows both LST and mainstreamed token holders to amplify their returns through advanced DeFi automated strategies.

Website | Whitepapers | Twitter | Discord | Telegram | YouTube

Understand CIAN stETH Recursive Strategy

What is Liquid Staking?

Liquid staking is the process of staking native tokens eg. ETH on the related POS network eg. Ethereum to earn staking rewards through a liquid staking protocol eg. Lido without having to tweak users’ own hardware and to comply with Ethereum’s 32 ETH staking minimum. Once their native tokens staked, investors then receive, from the liquid staking protocol, Liquid Staking Tokens (LST) with which they could get back their staked assets through either unstaking or selling them on the secondary markets.

What is Liquid Staking Token (LST)?

Liquid staking tokens (LST) are tokens issued by a liquid staking protocol. Aside from facilitating stakers’ staking position exit through either selling or unstaking, LSTs also allow users to retain the benefits (annual return/APR) of natively staking their assets while still being able to participate in the broader DeFi ecosystem with their LST.

What is Leveraged Staking?

Leveraged staking is a delta-neutral strategy that amplifies liquid staking yield using the LST in tandem with lending protocols. Effectively, the stETH strategy converts users’ ETH to (w)stETH, supplying them as collateral to a leading lending protocol e.g. AAVE, and repeatedly repeats this process with the ETH that is borrowed against the supplied wstETH. This way, users are able to safely capture the difference between the positive return of LST and the borrowing cost of ETH, multiplied up to 6.5 times.

How is CIAN’s wstETH/stETH Leverage Staking/Recursive Strategy vault different?

The wstETH/stETH/ETH leveraged staking strategy allows users to amplify wstETH/stETH staking rewards in a fully automated and secure way. Most notably, CIAN is renowned for their advanced automation tools that drastically reduce the liquidation risks while enabling for some automatic position readjustments.

CIAN has been chosen by multiple large institutional entities for their spotless track record; No liquidation since inception.

While every financial strategies come with intrinsic risks, by combining one of the safest DeFi wallet (OKX wallet) to the largest LST (stETH), automatically leveraged on the #1 lending platform (AAVE) with a set of additional protection layers provided by CIAN, users can now safely maximize their capital efficiency without having to deal with all the operational complexities.

How to access the stETH vault on OKX Wallet

Step 1: Go to OKX and click on “Wallet”

Step 2: Go to DeFi

Step 3: Go to the “Vaults” tab under “Explore”

Step 4: Find CIAN’s stETH strategy vault

Step 5: Simply enter the amount you wish to deposit, and it’s DONE!

Disclaimer:

The information displayed is strictly for education and informational purposes only. It does not constitute and shall not be considered as an offer, solicitation or recommendation, to deal in any products (including any NFT or otherwise), or as financial or investment advice. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com.

--

--