DUBAI, United Arab Emirates, May 6, 2023 / AlexaBlockchain/ – OKX, the second-largest cryptocurrency exchange by trading volume and a leading Web3 technology company, has announced the addition of margin trading and savings for SUI, the native token of the Sui blockchain. The update was issued on May 6, 2023, just one day after the launch of the SUI/USDT perpetual swap.
Sui is a Layer 1 blockchain that is permissionless and designed to cater to the next billion users in Web3. Its native token, SUI, is used to pay for gas, and users can stake their SUI tokens with validators in a Delegated Proof-of-Stake (PoS) model within an epoch.
The voting power of validators within this epoch is a function of the amount of SUI in their staking pool, which includes both validator and user SUI tokens. In any epoch, the set of validators is Byzantine fault tolerant.
With the addition of margin trading and savings for SUI, users will have even more ways to participate in the Sui ecosystem. Margin trading allows users to trade with borrowed funds, enabling them to potentially increase their profits. Savings, on the other hand, allows users to earn interest on their SUI holdings.
These new features will be a welcome addition for users looking to maximize their returns on their SUI investments.
The announcement comes as OKX continues to solidify its position as a leading Web3 technology company.
The exchange has consistently been at the forefront of innovation in the cryptocurrency space, offering a wide range of products and services to its users.
With the addition of margin trading and savings for SUI, OKX is further cementing its commitment to providing its users with the most comprehensive suite of tools for participating in the Web3 ecosystem.
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