MetaMask users now access 500+ DEXs across 25 blockchain networks.
OKX Wallet integrates SERVO to protect users from MEV exploitation.
OKX, a leading global cryptocurrency exchange, has announced a formal partnership with Consensys, the Ethereum software firm behind MetaMask. This partnership will enhance the decentralized exchange (DEX) trading experience by incorporating the superior DEX aggregator of OKX into the MetaMask wallet. Other aspects of the partnership also involve the adoption of new security features that ensure that the users are not exposed to risks of trading.
MetaMask Users Gain Access to 500+ DEXs Across 25 Blockchains
According to the press release, the fast-speed DEX aggregator by OKX will be integrated directly in MetaMask. Consequently, MetaMask users will be placed with the liquidity of over 500 decentralized exchanges on 25 blockchains. This combination is to provide quick trade processing, reduced slippage, and proper prices. The trading infrastructure boasts of 100-millisecond response times, industry-leading response times.
Meanwhile, Consensys SERVO protection mechanism has been incorporated in OKX Wallet. SERVO is a security utility that seeks to protect users against Maximum Extractable Value, which is MEV. MEV is one of the significant issues of blockchain transactions and is a case consisting of automated systems distorting the order of transactions to gain profit. The OKX is moving in the right direction by implementing SERVO to make sure that its users are not exposed to front-running bots or any other threats of this kind.
This cooperation will be a milestone for both companies. The SERVO inclusion in the point-of-sale SERVO in a self-custody wallet makes it the first significant platform to ensure a high or new level of user security in the decentralized finance industry. In the meantime, MetaMask users enjoy the vast liquidity and professional trading options that OKX provides.
There are also other collaborative plans between the partnership. OKX and Consensys have revealed they plan to collaborate in a bid to facilitate the growth of the Linea ecosystem. Linea is a blockchain network, created by Consensys, which aims at scalability and user experience. Both companies think that this project is going to be significant in the future of Web3.
MetaMask Users to Benefit From Faster, Cheaper Trades via OKX DEX
Jeff Ren, Founder of OKX Ventures, emphasized the importance of the partnership. According to him, the cooperation is not limited to technological integration but creating a long-term partnership that supports the whole of the crypto ecosystem. He also told that the MetaMask users will feel the benefit of quicker and more economical trading instantly. Ren opined that the collaboration is just a start of the larger plan to improve the overall experience in the Web3 realm of every user.
Jason Linehan, Consensys Chief Strategy Officer, was also expressing his opinion. He added that Consensys is glad to collaborate with OKX in the process of providing functional user securities. He emphasized that the MEV is still a complicated aspect but adding SERVO displays a positive attitude to the safety and the innovation of the users. According to Linehan, the world needs to cooperate in order to establish more secure and trustful infrastructures of digital assets.
Moreover, the OKX DEX API will be secured at an enterprise level and its uptime should be 99.9 percent. Developers are as well allowed access to the system by software development kits, applications programming interfaces as well as customizable widgets. Other platforms can thus offer the trading services with confidence.
Overall, this news makes the start of a strategic collaboration between two giant companies on the blockchain market. This focus on speed, security, and accessibility shows a fresh effort to improve Web3 technology. As a result, it becomes more trustworthy and easier for users.