OKCoin provides access to several different DeFi protocols for you to choose from.
You can either choose the protocol with the highest yield, or based on the bonus tokens you receive. It’s up to you to decide which offer is the best.
Currently, there are 3 different protocols you can choose from:
Compound Finance is a decentralized, automated, lending and borrowing platform for cryptocurrencies. Depositing to Compound gives COMP as a bonus.
Curve is a decentralized exchange on Ethereum designed for swapping like-kind tokens such as stable coins and wrapped Bitcoin. Curve lets users trade between like kind assets with low slippage and fees. Curve’s native token is CRV and is given as a bonus.
Yearn.finance is an Ethereum based protocol that creates automated strategies called vaults to gain the highest yields for stablecoins, altcoins, Ethereum. The native token for Yearn Finance is YFI, but it is not given as a bonus. Instead, Yearn harvests the bonus rewards you earn and purchases more of the deposited asset.