The Partnership aims to Expand Structured Products Offerings
(Hong Kong, Dec. 2, 2024) SOFA, a decentralized DAO developing a decentralized clearing protocol, recently went live on OKX Web3 Earn platform with its Bonus Event and Earn Campaign. The new partnership allows SOFA to offer users at all levels to experience innovative Earn products on OKX.
SOFA Earn products are on-chain structured financial solutions that combine on-chain lending and options trading to deliver higher returns. These products are designed to cater to both bullish and bearish market conditions, providing flexibility and opportunities for secure, optimized earnings in the DeFi space.
The latest partnership with OKX allows SOFA to introduce BTC Bullish 5D, BTC Bearish 5D, ETH Bullish 5D, and ETH Bearish 5D vaults. These innovative products allow users to subscribe using USDT and enjoy attractive APYs. As of Nov. 22 2024, the combined AUM of these four products reached more than $6.6 million with APY up to 50%. In addition, these products are accessible to users of all levels, while placing risk management at the heart of the product design.
Backed by industry leaders such as HashKey Capital, OKX Ventures, Galaxy Asia Trading Ltd and supported by other reputable builders, SOFA is currently live on Ethereum mainnet, Arbitrum, and BNB chain, and has expansion plans for additional EVM chains in the future.
For traders interested in exploring the products, please refer to SOFA Blog for detailed instructions to get started or visit OKX Web3 Earn
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About SOFA
SOFA is a decentralized, non-profit, and open-source DAO dedicated to developing a trustless, DeFi ecosystem capable of atomically settling financial assets on the blockchain. The organization’s first protocol will focus on crypto structured products, enabling seamless execution between depositors and market makers through a ready-made dAPP and standardized vaults. SOFA is supported by a number of leading DeFi builders and crypto platforms, and more information can be found at www.sofa.org.